Viprasol Fibonacci Volume Profile Map## Overview
The Fibonacci Volume Profile Map combines automatic Fibonacci retracement levels with a buy/sell volume profile histogram, Value Area detection, and Point of Control (POC) — all in one clean overlay. It identifies the price range over a configurable lookback, maps Fibonacci levels across it, and shows where volume actually concentrated within that range. This gives traders both structural (Fibonacci) and volume-based (profile) support and resistance in a single view.
Built for traders who want to see where price *should* react (Fibonacci) alongside where it *has* reacted (volume).
## How It Works
**Auto Fibonacci:**
The indicator detects the highest high and lowest low over the lookback period, then automatically plots 11 Fibonacci levels including extensions (-0.13, 0.0, 0.13, 0.236, 0.382, 0.5, 0.618, 0.786, 0.886, 1.0, 1.13). Key levels (0.0 and 1.0) are drawn with thicker lines. Each level includes a price label with the ratio.
**Volume Profile:**
The price range is divided into configurable buckets, and volume is distributed into each bucket based on closing price. Buy volume (close >= open) and sell volume (close < open) are shown as separate colored boxes, creating a visual histogram on the right side of the chart. The bucket with the highest total volume is highlighted as the Point of Control (POC).
**Value Area (70%):**
Starting from the POC, the indicator expands outward bucket by bucket (always adding the higher-volume adjacent bucket first) until 70% of total volume is captured. The resulting Value Area High (VAH) and Value Area Low (VAL) lines mark the price zone where most trading activity occurred.
**Dashboard:**
A comprehensive info table shows candle count, buy/sell rate percentages, volume delta, largest buy/sell prices, Fibonacci-derived support/resistance, trend direction, price estimate, POC zone status, and Value Area location.
## Key Features
- Auto Fibonacci with 11 levels including extensions (-0.13, 1.13)
- Buy/sell split volume profile histogram with configurable buckets and width
- Point of Control (POC) line — highest volume price level
- Value Area High/Low lines (70% volume concentration)
- Dashed range bounding box
- Flippable profile (left or right side)
- Dashboard with volume stats, trend, support/resistance, delta, POC zone, and Value Area status
- Configurable dashboard position (9 positions) and font size
- Custom bull/bear candle colors
- Custom buy/sell volume colors and dominant level color
- All visual elements individually toggleable
- 5 alert conditions with dynamic messages
## How to Use
**Reading the Chart:**
- **Fibonacci lines** show structural levels where reversals commonly occur
- **Volume profile** shows where actual trading volume concentrated — thick bars = strong support/resistance
- **POC (red dashed)** = single most traded price level — acts as a magnet
- **VAH/VAL (yellow dotted)** = boundaries of the value area — breakouts from this zone often lead to directional moves
- **Green highlighted bucket** = POC level in the profile
**Trading Ideas:**
- Price approaching a Fibonacci level that aligns with high volume = strong S/R confluence
- Price inside the Value Area = range-bound; outside = trending
- POC acts as fair value — price tends to return to it
- Volume dominance flip (buy -> sell or vice versa) can signal trend changes
**Recommended Settings:**
- Scalping (1m-5m): Lookback 30, Buckets 30
- Intraday (15m-1H): Lookback 60, Buckets 50
- Swing (4H-1D): Lookback 120, Buckets 50
## Settings
**Range Settings:** Lookback period for the price range analysis.
**Volume Profile:** Bucket count, max width, right offset, flip side, Value Area toggle.
**Fibonacci:** Show/hide levels, extend to right, label padding.
**Visuals:** Range box, profile, POC line, candle coloring, all color customizations.
**Dashboard:** Show/hide, position (9 options), font size.
## Alerts
1. **Price at Fib 0.618** — Price crosses the key 0.618 retracement level
2. **Price at Fib 0.382** — Price crosses the 0.382 retracement level
3. **Price at Fib 0.5 (Midpoint)** — Price crosses the range midpoint
4. **Volume Dominance Flip** — Buy/sell volume dominance switches
5. **Price at Range Boundary** — Price reaches the range high or low
All alerts include {{ticker}}, {{close}}, and {{interval}} for dynamic notification messages.
## Limitations & Disclaimer
- Volume profile uses close-based bucket assignment — this is an approximation compared to tick-level volume profiling
- Buy/sell classification is based on candle direction (close >= open = buy), not actual order flow data
- The indicator redraws its visuals on the last bar as new data comes in — historical display is static
- Fibonacci levels are mathematical ratios, not guaranteed support/resistance — they work best with volume confluence
- Value Area calculation uses a simplified expanding method from POC
- This indicator is for educational and analytical purposes only — it is not financial advice. Always use proper risk management.
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*Based on the Wraith Protocol concept. Upgraded to Pine Script v6 and significantly enhanced with Value Area detection (VAH/VAL), volume delta, enhanced dashboard with POC zone status, configurable font sizes, 5 alert conditions, tooltips on all inputs, and complete code restructuring by Viprasol.* viprasol.com
Indikator Pine Script®
