BM Volume Profile
CATEGORY: Indicator · For NinjaTrader 8 · High-Resolution Volume Profile
Replaces the Volume Profile from the Order Flow+ package: tick-resolution volume profile (not per bar), with POC, VAH/VAL, and automatic detection of high and low volume zones (HVN/LVN).
HOW IT WORKS: Accumulates volume by exact price using a secondary tick series, just like the native NT8 Order Flow Volume Profile, without requiring that license. Configurable by period (regular session, extended session, daily, weekly, monthly, quarterly, yearly), with adjustable level grouping (TicksPerLevel, to reduce resolution on wide-range charts) and configurable value area (70% by default). Automatically detects HVN/LVN based on a threshold relative to the POC. Configurable histogram on the right or left of the chart, updating every tick.
WHO IS IT FOR: Traders who use volume profiles to identify price acceptance/rejection zones, without paying for the Order Flow+ license.
Technical requirements: NinjaTrader 8, any instrument with available tick data.