VPSV
VPSV (Volume Profile Session Range) indicator shows the volume of market buys and market sells at various price points, within the candles of each session.
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VPSV - Overview
Similar to VPVR, the VPSV (Volume Profile Session Range) indicator shows the volume of market buys and market sells at various price points for the candles within each session.
VPSV Settings
Primary Settings
Show Delta - Checkbox to toggle viewing each row of the profile as a delta, to determine whether the market buy or market sell pressure had greater dominance.
Align - Determines whether to display the VPSV on either the left, or right.
Width - Determines the overall width of VPSV as a percentage of the VPSV session range.
Ticks per Row - Determines how many price points are amalgamated together to form each row of the VPSV. Selecting a lower value will provide a more granular view, whilst selecting a higher value will group together a greater number of price points, reducing noise.
Hide Values - Checkbox to toggle whether the values shown within the VPSV are shown.
Draw Background - Checkbox to toggle if a background to each VPSV profile is rendered.
Session Settings
Given that VPSV plots a profile for each session, TradingLite gives you the ability to specify from a variety of pre-set configured sessions. This includes the opening and closing times of legacy market sessions.
Session Split - Determine the time or duration of each session:
UTC (Default)
US Session - 13:30 - 20:00 (UTC)
EU Session - 07:00 - 15:30 (UTC)
AZ Session - 23:00 - 07:00 (UTC)
2h, 4h, 8h, 12h
Point of Control Settings
The Point of Control is defined as the row within each profile, in which the highest volume occurred.
Disabled - Disables Point of Control.
Enable (Ray) - Renders Point of Control as a simple ray/line, at the centre of the highest value node.
Enable (Outline) - Renders Point of Control as an outlined box of the highest value node.
Enable (Ray + Outline) - Renders Point of Control as both a simple ray in addition to an outlined box of the highest value node.
POC Extend
Note: The Extend option is only displayed if you have enabled the POC.
Not extended - POC will extend to the respective width of its session.
Simple Extension (Doubled) - POC will extend to the end of the following session. Note, if Enable (Outline) is selected, a ray will instead extend to the end of the following session.
Naked Extension - POC will extend indefinitely, until the a subsequent session in which price would revisit this defined POC.
Value Area
Enable - Toggle to enable the render of the Value Area within each session.
Draw Rays - Toggling this on, will render rays at both the VAH (Value Area High) and the VAL (Value Area Low). Note: If Draw Rays is not toggled, the Value Area will still be defined by the rows within the profile that are visually brighter.
Value Area - Defines the percentage of the profile in which the Value Area is calculated.
Extend Rays - Determines whether the Value Area Rays are extended to the end of the following session.
Hide Labels - Toggle to enable or disable the text labels for VAH (Value Area High) and VAL (Value Area Low).
TradingLite Official Indicators
VPSV is one of a number of TradingLite's Official Indicators that includes; Open Interest, VPVR, VRPR+, Trade Counters, Orderbook Counters, Footprint Profile, Footprint Cluster and Volume.
Be sure to also check out the growing list of over 400+ indicators created and shared by our community using Litscript.
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