OPEN-SOURCE SCRIPT
Fixed Range Volume Profile [ApexFlow]
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📊 WHAT THIS INDICATOR DOES
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Fixed Range Volume Profile (FRVP) distributes traded volume across discrete price levels over a user-defined lookback window. It identifies the [color=#F5C518]Point of Control (POC)[/color], [color=#00E676]Value Area High (VAH)[/color], and [color=#FF5252]Value Area Low (VAL)[/color] — the three levels used by institutional order flow analysts to determine where the majority of market participation occurred within any given range.
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⚙️ METHODOLOGY
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📦 PRICE BINS
The high-to-low price range of the lookback window is divided into N equal-height rows (default: 24). Each row represents a discrete price bucket.
📐 VOLUME DISTRIBUTION — ACCURATE MODE
When "Accurate Distribution" is enabled, each bar's volume is spread proportionally across all rows whose price range overlaps with that bar's high-to-low span. The weight assigned to each row equals:
overlap / (bar_high − bar_low) × bar_volume
This mirrors how footprint charts distribute volume and produces a more precise profile than HLC3 bucket placement alone.
⚡ VOLUME DISTRIBUTION — FAST MODE
When Accurate mode is off, each bar's volume is allocated to a single row using the bar's typical price: (High + Low + Close) / 3. Faster on large lookbacks.
🎯 [color=#F5C518]POINT OF CONTROL (POC)[/color]
The row with the highest accumulated volume. Represents the price level with the greatest degree of two-sided market activity. POC acts as a magnetic reference for price — markets frequently return to test it during subsequent sessions.
📦 VALUE AREA (VA)
Starting from the POC row, adjacent rows are added in order of highest volume — expanding upward or downward, whichever row holds more volume at each step — until the cumulative volume of selected rows reaches the user-defined percentage of total volume (default: 70%). This mirrors the CME Group standard for Market Profile value area construction.
VAH = top of the highest included row
VAL = bottom of the lowest included row
📏 RANGE HIGH / LOW
The absolute high and low of all bars in the lookback window. Displayed as dotted reference lines when enabled.
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🖥️ VISUAL COMPONENTS
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▶ Right Histogram — volume bars drawn to the right of current price, scaled to the highest-volume row. [color=#F5C518]POC row[/color] highlighted in gold, [color=#00BCD4]value area rows[/color] in teal, non-value area rows in grey.
▶ Value Area Zone — a semi-transparent box spanning [color=#00E676]VAH[/color] to [color=#FF5252]VAL[/color] across the entire range. Provides immediate visual context for the accepted range of market activity.
▶ POC Band — a narrow band centered on the [color=#F5C518]POC line[/color] showing the exact price-row boundaries of the control point.
▶ Key Level Lines — [color=#F5C518]POC[/color] (bold solid), [color=#00E676]VAH[/color] (dashed), [color=#FF5252]VAL[/color] (dashed), Range H/L (dotted). All extend right by a configurable number of bars.
▶ Labels — live price values pinned to the right end of each line.
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🔧 SETTINGS
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PROFILE
• Lookback Bars — number of bars the profile covers (20–500, default 100)
• Rows — price bucket resolution (10–100, default 24)
• Value Area % — percentage of volume defining the accepted value area (default 70)
• Accurate Distribution — spread volume across bar range vs. HLC3 bucket placement
DISPLAY
• Right Histogram — toggle the volume bars
• Value Area Zone — toggle the VA fill box
• POC Band — toggle the POC price-row highlight band
• Range H/L — toggle the range extreme lines
• Histogram Width (bars) — horizontal size of the volume bars (5–150)
• Extend Right (bars) — how far key level lines project beyond current price (10–300)
COLORS
All elements are independently color-configurable including transparency.
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📈 HOW TO USE
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🧲 [color=#F5C518]POC as a Magnet[/color] — price tends to revisit the POC after extended moves away from it. A failed auction above [color=#00E676]VAH[/color] or below [color=#FF5252]VAL[/color] often results in a rotation back through the value area toward [color=#F5C518]POC[/color].
⚖️ Value Area as Acceptance / Rejection — price trading inside the value area signals balanced, two-sided activity (consolidation). Price trading outside and rejecting signals one-sided pressure (trend continuation). Price breaking outside and holding signals value migration.
🔑 [color=#00E676]VAH[/color] / [color=#FF5252]VAL[/color] as Reaction Levels — institutional participants often defend [color=#00E676]VAH[/color] and [color=#FF5252]VAL[/color] as reference points for entries, scaling, or stops. Watch for reaction candles at these levels.
🔭 Adjust Lookback to Context
• Intraday scalping: 30–60 bars on 1–5 min
• Swing setups: 50–200 bars on 1H–4H
• Directional bias: 100–500 bars on Daily
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📝 NOTES
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• Calculation runs on the last bar only — zero performance impact on historical bars.
• Profile updates on every tick of the current bar, keeping all levels live.
• Histogram draws into future bar space to avoid obscuring price candles.
• On instruments without reliable volume data (e.g. some forex pairs), Fast Mode produces acceptable results as the distribution difference is minimal.
📊 WHAT THIS INDICATOR DOES
━━━━━━━━━━━━━━━━━━━━
Fixed Range Volume Profile (FRVP) distributes traded volume across discrete price levels over a user-defined lookback window. It identifies the [color=#F5C518]Point of Control (POC)[/color], [color=#00E676]Value Area High (VAH)[/color], and [color=#FF5252]Value Area Low (VAL)[/color] — the three levels used by institutional order flow analysts to determine where the majority of market participation occurred within any given range.
━━━━━━━━━━━━━━━━━━━━
⚙️ METHODOLOGY
━━━━━━━━━━━━━━━━━━━━
📦 PRICE BINS
The high-to-low price range of the lookback window is divided into N equal-height rows (default: 24). Each row represents a discrete price bucket.
📐 VOLUME DISTRIBUTION — ACCURATE MODE
When "Accurate Distribution" is enabled, each bar's volume is spread proportionally across all rows whose price range overlaps with that bar's high-to-low span. The weight assigned to each row equals:
overlap / (bar_high − bar_low) × bar_volume
This mirrors how footprint charts distribute volume and produces a more precise profile than HLC3 bucket placement alone.
⚡ VOLUME DISTRIBUTION — FAST MODE
When Accurate mode is off, each bar's volume is allocated to a single row using the bar's typical price: (High + Low + Close) / 3. Faster on large lookbacks.
🎯 [color=#F5C518]POINT OF CONTROL (POC)[/color]
The row with the highest accumulated volume. Represents the price level with the greatest degree of two-sided market activity. POC acts as a magnetic reference for price — markets frequently return to test it during subsequent sessions.
📦 VALUE AREA (VA)
Starting from the POC row, adjacent rows are added in order of highest volume — expanding upward or downward, whichever row holds more volume at each step — until the cumulative volume of selected rows reaches the user-defined percentage of total volume (default: 70%). This mirrors the CME Group standard for Market Profile value area construction.
VAH = top of the highest included row
VAL = bottom of the lowest included row
📏 RANGE HIGH / LOW
The absolute high and low of all bars in the lookback window. Displayed as dotted reference lines when enabled.
━━━━━━━━━━━━━━━━━━━━
🖥️ VISUAL COMPONENTS
━━━━━━━━━━━━━━━━━━━━
▶ Right Histogram — volume bars drawn to the right of current price, scaled to the highest-volume row. [color=#F5C518]POC row[/color] highlighted in gold, [color=#00BCD4]value area rows[/color] in teal, non-value area rows in grey.
▶ Value Area Zone — a semi-transparent box spanning [color=#00E676]VAH[/color] to [color=#FF5252]VAL[/color] across the entire range. Provides immediate visual context for the accepted range of market activity.
▶ POC Band — a narrow band centered on the [color=#F5C518]POC line[/color] showing the exact price-row boundaries of the control point.
▶ Key Level Lines — [color=#F5C518]POC[/color] (bold solid), [color=#00E676]VAH[/color] (dashed), [color=#FF5252]VAL[/color] (dashed), Range H/L (dotted). All extend right by a configurable number of bars.
▶ Labels — live price values pinned to the right end of each line.
━━━━━━━━━━━━━━━━━━━━
🔧 SETTINGS
━━━━━━━━━━━━━━━━━━━━
PROFILE
• Lookback Bars — number of bars the profile covers (20–500, default 100)
• Rows — price bucket resolution (10–100, default 24)
• Value Area % — percentage of volume defining the accepted value area (default 70)
• Accurate Distribution — spread volume across bar range vs. HLC3 bucket placement
DISPLAY
• Right Histogram — toggle the volume bars
• Value Area Zone — toggle the VA fill box
• POC Band — toggle the POC price-row highlight band
• Range H/L — toggle the range extreme lines
• Histogram Width (bars) — horizontal size of the volume bars (5–150)
• Extend Right (bars) — how far key level lines project beyond current price (10–300)
COLORS
All elements are independently color-configurable including transparency.
━━━━━━━━━━━━━━━━━━━━
📈 HOW TO USE
━━━━━━━━━━━━━━━━━━━━
🧲 [color=#F5C518]POC as a Magnet[/color] — price tends to revisit the POC after extended moves away from it. A failed auction above [color=#00E676]VAH[/color] or below [color=#FF5252]VAL[/color] often results in a rotation back through the value area toward [color=#F5C518]POC[/color].
⚖️ Value Area as Acceptance / Rejection — price trading inside the value area signals balanced, two-sided activity (consolidation). Price trading outside and rejecting signals one-sided pressure (trend continuation). Price breaking outside and holding signals value migration.
🔑 [color=#00E676]VAH[/color] / [color=#FF5252]VAL[/color] as Reaction Levels — institutional participants often defend [color=#00E676]VAH[/color] and [color=#FF5252]VAL[/color] as reference points for entries, scaling, or stops. Watch for reaction candles at these levels.
🔭 Adjust Lookback to Context
• Intraday scalping: 30–60 bars on 1–5 min
• Swing setups: 50–200 bars on 1H–4H
• Directional bias: 100–500 bars on Daily
━━━━━━━━━━━━━━━━━━━━
📝 NOTES
━━━━━━━━━━━━━━━━━━━━
• Calculation runs on the last bar only — zero performance impact on historical bars.
• Profile updates on every tick of the current bar, keeping all levels live.
• Histogram draws into future bar space to avoid obscuring price candles.
• On instruments without reliable volume data (e.g. some forex pairs), Fast Mode produces acceptable results as the distribution difference is minimal.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.