Session Volume Profile HD (SVP HD) indicator calculates volume data within a specified session or a sub-session, allowing traders to analyze the intraday volume activity of one specific part of the session. Additionally, unlike the regular Session Volume Profile, it automatically adjusts the level of detail as you zoom the chart. When fewer bars appear on the chart, more levels are displayed.
Note: you can read more about traits shared by all Volume Profile indicators in the Volume Profile Indicators: basic concepts Help Center article. The text below describes features unique to this particular Volume Profile indicator.
Session Volume HD consists of two different calculations: a rough one and a detailed one. The detailed calculation applies to the visible part of the chart and adjusts the number of rows in all visible Volume Profiles automatically. For this calculation, the lower timeframe data is selected based on the same logic as with Visible Range (with the exception of all second-based timeframes, which use 1S data).
The rough part is shown while the detailed part is still being calculated, and its timeframe selection is equivalent to the one in the regular Session Volume Profile indicator.
if the volume profile should include a yearly milestone, then at the end of the year such a profile will be completed and will start over again from the new year. This is necessary to maintain consistency when building profiles on different timeframes.
Session Volume HD will automatically adjust the level of detail as you zoom the chart's scale. When you zoom in on a chart, the level of detail increases.
Determines how the SVP HD indicator will be built when the extended hours display is turned on.
Toggles between showing total volume for each row (Total), splitting each row into up/down (Up/Down), or showing their difference (Delta).
Specifies what percentage of all volume for the trading session should be highlighted by Value Area.
Extends the Point of Control line until it crosses any bar.
Extends the Value Area High line until it crosses any bar.
Extends the Value Area Low line until it crosses any bar.