SRD

SRD v11 - Multi-Timeframe Volume Profile (POC, VAH, VAL)

Key Features

Dual Timeframe Analysis:

📈 Main Analysis (Daily): Calculates and displays the most significant levels based on a user-defined period of daily bars. This is ideal for identifying intraday and short-term trading opportunities.

📊 Strategic Analysis (Weekly): Plots key levels from a weekly perspective, giving you a broader, long-term view of market sentiment and structure. This can be toggled on or off.

Volume Profile Core Levels: The indicator automatically calculates and visualizes the three most important levels derived from volume analysis for both timeframes:

🎯 POC (Point of Control): The price level with the highest traded volume for the specified period. It acts as a powerful magnet for price and a key reference for market equilibrium.

🔴 VAH (Value Area High): The highest price level within the "Value Area" (where ~70% of the volume was traded). It often acts as a significant resistance zone.

🟢 VAL (Value Area Low): The lowest price level within the Value Area. It often serves as a strong support zone.

🟠 24-Hour High: An optional feature that plots the highest price reached in the last 24 hours, providing a crucial reference point for breakout and reversal traders.

Dynamic and Non-Repainting: The levels are calculated based on historical confirmed bars and update automatically as new periods (daily or weekly) close. The lines extend to the right, remaining relevant until a new calculation period begins.

Integrated Alert System: Never miss a key price interaction. The indicator includes a comprehensive alert system for:

Breakouts: Triggers when the price crosses above or below the POC, VAH, or VAL.

Touches: Triggers when the price touches one of these key levels without breaking through it (within a small tolerance).

Unified Alert: A single alert that notifies you of any of the above conditions.

Customization

The SRD v11 is fully customizable to fit your trading style. You can adjust:

Timeframes: Change the base timeframes for both the main (default Daily) and strategic (default Weekly) analysis.

Analysis Periods: Define the number of bars (days or weeks) to include in the Volume Profile calculation.

Visuals: Customize the color, width, and style (solid, dashed, dotted) of every line and label for clear and intuitive visualization.

Toggle Elements: Easily show or hide the strategic (weekly) analysis and the 24-hour high line.

How to Use It >

Identify Key Zones: Use the VAH (resistance) and VAL (support) lines to identify potential entry and exit zones. The area between VAH and VAL is the "Value Area," where the market has found acceptance.

Monitor the POC: The Point of Control is the ultimate level of equilibrium. Watch for price reactions around the POC. A sustained break above or below can signal a new trend.

Combine Timeframes: Use the strategic (weekly) levels as major, long-term points of interest and the main (daily) levels for your day-to-day trading setup. Confluence between levels from different timeframes can indicate extremely strong support or resistance.

Set Alerts: Configure alerts for breakouts or touches to be notified of critical market movements in real-time, even when you are away from the charts.