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06/24 00:01
Session Volume Profile - Intraday [HexaTrades]
The goal of this indicator is to help traders understand where the market is accepting price, where major volume has traded, and where important support/resistance or liquidity zones may form during the trading session.
⭐️ How it works
-Binning: the session's price range (highest high to lowest low) is divided into Rows per Profile equal price bins.
-Volume distribution: each bar's volume is spread evenly across every bin its high–low range spans, and tagged buy or sell by candle direction.
-POC: the bin holding the most total volume.
- Value Area: starting from the POC, the algorithm expands outward always toward the heavier of the two neighbouring bins, until the accumulated volume reaches the chosen Value Area % (default 70%). The top and bottom edges of the included bins become VAH and VAL.
-Width: each row's bar length is scaled to its volume relative to the POC row, capped by the width settings.
⭐️What This Indicator Shows
🔷 Session Volume Profile: The indicator creates a horizontal volume profile for each trading session. Each profile shows how much volume traded at different price levels during that session.
The widest part of the profile represents the area with the highest traded volume. Thin areas show low-volume zones where price may move faster.
🔷 POC - Point of Control: POC is the price level with the highest traded volume during the session.
It is one of the most important levels on the chart because it represents the price where the market spent the most activity.
How to use POC:
- Price above POC can suggest buyers are in control.
- Price below POC can suggest sellers are in control.
- A retest of POC can act as support or resistance.
- A strong rejection from POC may create a trade setup.
- A clean reclaim of POC may show a change in intraday bias.
🔷 VAH and VAL - Value Area High / Low
The Value Area represents the price zone where most of the session’s volume traded, usually 70%.
VAH is the upper boundary of the value area.
VAL is the lower boundary of the value area.
How to use Value Area:
- Price inside value area = balanced market.
- Price above VAH = bullish acceptance/strength.
- Price below VAL = bearish acceptance/weakness.
- Rejection from VAH may create a short setup.
- Rejection from VAL may create a long setup.
- Breakout above VAH can indicate trend continuation.
- Breakdown below VAL can indicate downside continuation.
🔷 Previous Session POC / VAH / VAL
The indicator carries forward the previous session’s important profile levels into the current session.
These levels often act as strong support, resistance, or reaction zones.
How to use previous session levels:
- Previous POC can act as a major magnet level.
- Previous VAH/VAL can act as important breakout or rejection zones.
- If price opens above previous value, the market may be bullish.
- If price opens below the previous value, the market may be bearish.
- If price opens inside the previous value, the market may be balanced or rotational.
🔷 PDH and PDL - Previous Day High / Low
PDH means Previous Day High.
PDL means Previous Day Low.
These are important liquidity levels watched by many intraday traders.
How to use PDH/PDL:
- Break above PDH may show bullish momentum.
- Break below PDL may show bearish momentum.
- A fake breakout above PDH followed by rejection can indicate a liquidity sweep.
- A fake breakdown below PDL followed by recovery can indicate a downside liquidity sweep.
🔷 VWAP - Session VWAP
VWAP shows the average traded price of the session based on volume.
How to use VWAP:
- Price above VWAP = bullish intraday bias.
- Price below VWAP = bearish intraday bias.
- VWAP can act as dynamic support or resistance.
- POC + VWAP confluence can create a stronger reaction zone.
🔷 Initial Balance — IBH / IBL
Initial Balance is the high and low of the first part of the trading session. By default, it uses the first 60 minutes.
IBH = Initial Balance High
IBL = Initial Balance Low
How to use Initial Balance:
- Break above IBH may indicate a bullish trend day.
- Break below IBL may indicate a bearish trend day.
- Rejection from IBH/IBL may indicate range continuation.
- IB range helps define early-session structure.
🔷 Naked POCs
A Naked POC is a previous session POC that has not yet been retested by price.
How to use Naked POCs:
- They can act as future price magnets.
- Price often reacts when revisiting them.
- They can be used as target zones.
- Once price trades through a Naked POC, the level is considered tested.
⭐️ Dashboard
The dashboard provides a real-time summary of the current session and key reference levels, helping traders quickly assess market structure, auction location, and intraday bias.
- Price Location: Shows whether the current price is trading Above Value, Inside Value, or Below Value relative to the developing session Value Area.
- Session POC: Current session's Point of Control — the price level with the highest traded volume.
- Session VAH: Current session Value Area High.
- Session VAL: Current session Value Area Low.
- VWAP: Current session Volume Weighted Average Price.
- Prev POC: Previous session Point of Control, often acting as an important support, resistance, or mean-reversion level.
- Prev VAH: Previous session Value Area High, frequently used as a resistance level or bullish breakout trigger.
- Prev VAL: Previous session Value Area Low, frequently used as a support level or bearish breakdown trigger.
- PDH: Previous Day High, a key liquidity and breakout reference level.
- PDL: Previous Day Low, a key liquidity and breakdown reference level.
- IBH: Initial Balance High, representing the upper boundary of the opening range.
- IBL: Initial Balance Low, representing the lower boundary of the opening range.
- Naked POCs: Displays the number of active untested POCs from previous sessions that have not yet been revisited by price.
⭐️ How to Use This Indicator
🔷Step 1: Identify Market Bias
First, check where price is trading compared to VWAP, POC, and Value Area.
Bullish bias:
-Price above VWAP
-Price above session POC
-Price above VAH
-POC shifting higher
Bearish bias:
-Price below VWAP
-Price below session POC
-Price below VAL
-POC shifting lower
Neutral/balanced market:
-Price inside value area
-Price moving around POC
-VWAP is flat
-No clear acceptance above VAH or below VAL
🔷Step 2: Watch Key Reaction Levels
The most important reaction levels are:
- Current Session POC
-Previous Session POC
-VAH / VAL
-VWAP
-PDH / PDL
-IBH / IBL
-Naked POCs
When multiple levels are close together, that area becomes stronger confluence.
Example:
If VWAP, POC, and VAL are near the same price, that zone becomes an important support/resistance area.
🔷 Step 3: Look for Confirmation
Do not take trades only because price touches a level.
Wait for confirmation such as:
- Strong rejection candle
- Close above/below the level
- Retest and hold
- Volume expansion
- Failed breakout
- Market structure shift
- VWAP reclaim or rejection
Example Trade Setups
POC Rejection Setup
Bearish example:
- Price is below VWAP.
- Price rallies back to POC.
- Price rejects from POC.
- A bearish confirmation candle forms.
Possible entry: After rejection confirmation.
Possible stop: Above POC or above VAH.
Possible targets: VAL, PDL, or Naked POC.
POC Reclaim Setup
Bullish example:
- Price trades below POC.
- Price reclaims POC with a strong candle close.
- Price retests POC and holds.
- VWAP is also reclaimed.
- Possible entry: After retest and hold.
- Possible stop: Below POC or below VWAP.
- Possible targets: VAH, PDH, or previous value area.
Value Area Breakout
Bullish example:
- Price trades inside value area.
- Price breaks above VAH.
- Price holds above VAH.
- VWAP supports the move.
- Possible entry: Above VAH after confirmation.
-Possible stop:Back inside value area.
Possible targets: PDH, Naked POC, or next resistance zone.
Value Area Breakdown
Bearish example:
- Price trades inside value area.
- Price breaks below VAL.
- Price holds below VAL.
- Price remains below VWAP.
- Possible entry: Below VAL after confirmation.
- Possible stop: Back inside value area.
- Possible targets:PDL, Naked POC, or next support zone.
Previous Day High / Low Liquidity Sweep
Bullish PDL sweep example:
- Price breaks below PDL.
- Sellers get trapped.
- Price quickly reclaims PDL.
- Bullish candle closes back above PDL.
- Possible entry:After reclaim confirmation.
- Possible stop: Below sweep low.
- Possible targets: VWAP, POC, or VAH.
Bearish PDH sweep example:
-Price breaks above PDH.
- Buyers get trapped.
- Price quickly falls back below PDH.
- Bearish candle closes below PDH.
- Possible entry: After rejection confirmation.
- Possible stop: Above sweep high.
- Possible targets: VWAP, POC, or VAL.
Initial Balance Breakout
Bullish example:
- First 60-minute range forms.
- Price breaks above IBH.
- Price holds above IBH.
- VWAP and POC support the move.
-Possible entry: After the breakout and retest.
- Possible stop: Back inside IB range.
- Possible targets: VAH, PDH, or Naked POC.
Best Timeframes
- 5-minute chart
-15-minute chart
- Intraday futures
- Stocks
- Crypto
- Forex pairs
- For faster entries, the 5-minute can be used.
⭐️Alerts
All alerts are evaluated on confirmed bars only (no repaint):
- POC Cross Up / Down — price crosses the session POC.
- Value Area Breakout / Breakdown — price accepts above VAH or rejects below VAL.
- Prev POC Test — price tests the previous session's POC.
- PDH Break / PDL Break — price breaks the previous day's high or low.
- VWAP Cross — price crosses the session VWAP.
Session Volume Profile Intraday is designed to help traders visualise market-generated support and resistance using volume-based auction principles. By combining Session Volume Profiles, POC, Value Areas, VWAP, Previous Session Levels, PDH/PDL, Initial Balance, and Naked POCs, it provides a complete framework for intraday market analysis. Use it to identify key reaction zones, assess market bias, and improve trade planning. As always, combine it with sound risk management and your own trading strategy for the best results.
We would love to hear your suggestions. If you have ideas for new features, indicators, analytics, or improvements, please share your feedback. Your input helps guide future updates and improve the indicator for all traders.
This indicator is for educational and analytical purposes only. It should not be considered financial advice. Always use proper risk management and make trading decisions based on your own analysis
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