Intraday Bull and Bear Volume Profiles with POC and Value Areas
Summary
This TradingView indicator builds separate bullish and bearish volume profiles for configurable intraday sessions and a live period. Its settings let users choose session ranges, profile resolution, colors, and whether the two sides appear together or in separate positions. It also offers optional point-of-control levels, value-area boundaries and delta labels, giving traders a way to inspect how volume is distributed across price within each selected period.
The script calculates profiles by assigning bar volume across price levels using each bar’s high and low, with direction classified from bar data. It can retain POC and value-area lines, and offers options to remove levels when price violates them. The source describes a visualization tool, not a tested trading strategy: it provides no performance results or evidence that profile levels predict future price movement. Its output depends on the chosen session definitions, chart data, row resolution and implementation assumptions, so the profiles should be interpreted as descriptive market context.
Key ideas
- The indicator constructs bullish and bearish volume distributions for user-defined sessions.
- Users can adjust profile rows, session times, colors and profile placement.
- Optional POC and value-area levels mark selected volume concentrations and ranges.
- The script provides market visualization without documented performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.