VOLUME PROFILE WITH FOOTPRINT AND IMBALANCE

VOLUME PROFILE WITH FOOTPRINT AND IMBALANCE
A professional-grade market structure analysis tool that combines three powerful trading concepts into one comprehensive indicator: Volume Profile, Footprint Charts, and Imbalance detection. This script provides optimum-level market analysis for trading.

KEY FEATURES

1. Multi-Day Volume Profile

Customizable Row Density: Adjust price level granularity for precise volume distribution analysis

Point of Control (POC): Automatically identifies the price level with highest traded volume

Value Area Calculation: Highlights the price range containing 70% of the day's volume (customizable percentage)

Value Area High (VAH) & Low (VAL): Clear demarcation of institutional acceptance zones

Horizontal Volume Bars: Visual representation of buying vs. selling pressure at each price level

Color-Coded Volume: Distinguishes between value area volume and outlier volume for better visual clarity

2. Previous Day Reference Levels

Previous Day High/Low (PDH/PDL): Critical support/resistance levels from prior session

Previous Day POC: Yesterday's highest volume node - often acts as magnetic price level

Previous Day VAH/VAL: Prior session's value boundaries for gap analysis and mean reversion setups

All previous day levels extend into current session with customizable colors and line styles

3. Virgin Point of Control (VPOC)

Untouched POC Identification: Automatically tracks POC levels that haven't been revisited by price

Real-time Validation: Monitors whether subsequent price action has tested each historical POC

Multi-Day Tracking: Maintains VPOC levels across multiple sessions until filled

High-Probability Targets: Virgin POCs often act as magnets for future price action

4. Footprint Zone Analysis

Footprint Zone Detection: Identifies price levels touched only once during the session

Automated Ribbon Consolidation: Groups consecutive Footprint Zone into visual zones

Price Range Sensitivity: Automatically adjusts granularity based on instrument price

Historical Persistence: Consolidates previous day's footprint zones for multi-day context

Auction Failure Zones: Footprint Zone often indicate areas of poor liquidity and potential reversal points

5. Three-Candle Imbalance Detection

Bullish Imbalance

Bearish Imbalance

Visual Markers: Clear circular indicators on all three candles forming the imbalance

Customizable Colors: Separate colors for bullish and bearish imbalances

Gap Validation: Ensures meaningful price displacement before flagging imbalance