Indicator 12

VP S/R Levels + Dashboard

Where the volume actually traded: monthly and weekly value areas as living support and resistance.

Chart overlay · 4-hour and daily · Any liquid symbol

VP S/R Levels plots where volume actually traded rather than where price merely went: monthly and weekly value areas, the point of control, and the high and low volume nodes. Price moves fast through thin nodes and stalls in thick ones, which makes these levels behave differently from drawn trendlines.

What it shows

The last three months of volume-profile levels: VPOC, value area high and value area low, with the value area shaded on the chart.
The last weeks' VPOCs as light context lines.
A dashboard: price, bias versus the current month's VPOC, nearest support and resistance with distances, position in the range, and a long risk-to-reward hint.
Proximity alerts when price approaches a monthly level.

How it reads the market

Volume-at-price: the levels where the most volume changed hands act as magnets and fences. When a monthly and a weekly level stack in the same spot, that zone matters. The dashboard turns the picture into one read: where price sits in the range and which level is next.

Settings

Setting	Default	What it does
Months shown	3	How many monthly profiles draw on the chart.
Weeks shown	2	How many weekly VPOCs draw.
Value area	70%	The share of volume that defines each value area.
Alert distance	0.5%	How close price must get to a level to trigger the alert.

Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.

Built-in alerts

Near a monthly support
Near a monthly resistance

Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.

Comes with the membership

The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.

Get full access

How to add it to your chart

Request access above with your TradingView username (one request covers the whole suite).
We grant it on TradingView, usually within 24 hours; TradingView notifies you.
On your chart, open Indicators → Invite-only scripts and add VP S/R Levels + Dashboard.

When to use it, and when not to

It earns its place when

You want levels built from participation instead of from lines you drew yourself.
You are planning where a move is likely to stall or accelerate.
You hold for days or weeks and need a map that survives more than one session.

Leave it off the chart when

The instrument has thin or unreliable volume data. Volume profile on bad data is worse than no levels.
You are scalping. Monthly and weekly value areas are too coarse for a five-minute decision.
The name just had a structural repricing. Old volume nodes describe a market that no longer exists.

Common questions

What is a volume profile value area?

The price range containing roughly 70 percent of the period's traded volume. It is where the market agreed on price. Its edges tend to act as support and resistance because that is where the agreement broke down.

What is the point of control?

The single price with the most volume traded over the period. It is the fairest price the market found, and it acts as a magnet: price that leaves it often comes back to test it before continuing.

What are high and low volume nodes?

A high volume node is a price shelf where a lot of business was done, so price tends to grind there. A low volume node is a gap in participation, and price usually crosses it fast because there is nothing to slow it down. Knowing which is ahead of you changes how you set targets.

Monthly or weekly, which should I use?

Monthly for the structural map, weekly for the current battleground. Plotting both is the point: when a weekly edge lines up with a monthly node, the level is far more likely to hold.