This indicator provides a quick visual of key volume profile metrics using a table at the top middle of the screen. It is useful for comparing the relative strength and weakness of different instruments using profile concepts.
It is built using Gomi's new framework (great work) and the new version incorporates Fattails vwap indicator (great work). The chart below shows the indicator. See large arrows at top of chart and available parameters.
105101
Explanation of categories:
1. Value Areas
This shows the current day value area compared to yesterdays value area.
Green up arrow = higher value
Pale Green up arrow = overlapping higher value
Magenta down arrow = overlapping lower value
Red down arrow = lower value
Yellow Circle = todays value area inside or outside yearsterdays value
2. P/Yvalue
This compares current price to yesterdays value area.
Green up arrow = price above yesterdays value area high
Red down arrow = price below yesterdays value area low
Yellow = price within yesterdays value area
3. P/Tvalue
This compares current price to todays value area.
Green up arrow = price above todays value area high
Red down arrow = price below todays value area low
Yellow = price within todays value area
4. POC Shift
Compares todays POC to yesterdays POC. If above green arrow if below red. arrow.
5. POC Price
Second option compares Current Price to todays POC. If above green arrow if below red.
5. vwap
Compares price relative to vwap and SD bands. So if price is:
>Upper Band SD 2 = display Green 2
>Upper Band SD 1 vwap