VPFx and VPFx-Range Volume Indicators

volume indicators VPFx + VPFx-Range displays on the price chart as a histogram distributing open deals by price levels on a specified timeframe. The width of the histogram is conditionally equal to the number of deals at the corresponding price level.

The VPFx indicator divides the chart into equal time bands and shows the volume distribution for each band. The ranges correspond to standard timeframes.

VPFx-Range indicator works only in one range but allows to set the range borders as arbitrary vertical lines, using the number of last minutes in the chart, set the right border and the number of minutes to it

VPFx and VPFx-Range indicators have different data display modes (histogram, modes, maximum), which makes it easier to draw on the chart support levels and resistance.

According to ForTrader.org experts, volume indicators VPFx and VPFx-Range are one of the most successful implementations of the Time Price Opportunity volume calculation method and will become reliable tools for traders practicing volume trading.

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