Volume Profile

Volume Profile — Daily & Weekly Levels

This indicator plots session-based Volume Profile levels directly on the chart, focusing on Daily and Weekly structures.
It is designed to help visualize areas where trading activity was most concentrated during the current and previous periods.

The script calculates and displays the following levels:

POC (Point of Control) — price level with the highest traded volume

VAH (Value Area High) — upper boundary of the value area

VAL (Value Area Low) — lower boundary of the value area

Features

Today’s Volume Profile

POC, VAH, and VAL updated in real time during the current trading day

Yesterday’s Volume Profile

Previous day’s POC, VAH, and VAL extended forward as reference levels

Current Weekly Volume Profile

Live weekly POC, VAH, and VAL

Previous Weekly Volume Profile

Last week’s completed POC, VAH, and VAL

Configurable Inputs

Adjustable number of volume bins (rows)

Custom value area percentage

Toggle visibility for daily, yesterday, weekly, and previous weekly levels

Optional labels with configurable horizontal offset

How it works

The indicator builds a custom volume distribution by aggregating volume across price bins within each session (daily or weekly).
From this distribution, it identifies:

The price level with maximum volume (POC)

The value area surrounding the POC based on the selected percentage

All calculations are performed locally using historical bar data, without external data sources.

Alerts

An alert condition is included that triggers when price crosses any visible Volume Profile level (POC, VAH, or VAL).

Notes

This indicator is designed for market structure and volume analysis.