From TradersList Editors
From TradersList Editors
Leverage this tool to identify key market value areas and volume spikes, enhancing your trading strategy with precision insights.
Leverage this tool to identify key market value areas and volume spikes, enhancing your trading strategy with precision insights.
Market Value Areas Indicator: Market Profile Value Area Detection for ThinkOrSwim
Market Value Areas Indicator: Market Profile Value Area Detection for ThinkOrSwim

by benten on ThinkOrSwim

by benten on ThinkOrSwim
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Market Value Areas Indicator For ThinkOrSwim
Market Value Areas Indicator For ThinkOrSwim
Market Value Areas Indicator for ThinkorSwim is an Indicator utilizing Market Profile to detect high-volume trading areas within candles. Features additional features like value area, a price-in-value-area scanner, volume spike detection and more.
Market Value Areas Indicator for ThinkorSwim is an Indicator utilizing Market Profile to detect high-volume trading areas within candles. Features additional features like value area, a price-in-value-area scanner, volume spike detection and more.

Get on ThinkOrSwim
This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.

Get on ThinkOrSwim
This indicator is available on ThinkOrSwim charting platform. Signing up for a free account and downloading ThinkOrSwim software is required.
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Open Source
Listing has publically available source code that can be audited and modified as needed.
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Open Source
Listing has publically available source code that can be audited and modified as needed.
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Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
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Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
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Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
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Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
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Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
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Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
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Concepts and theories mentioned in listing are popular topics in web search
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Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
Published by benten on ThinkOrSwim
Published by benten on ThinkOrSwim
Market Profile Value Area Basics
The value area is the price range where approximately 70% of trading volume occurred during a session. This zone represents the market's accepted range of fair value. Prices above the value area are considered expensive, while prices below are considered cheap relative to that session's consensus.
Detecting High-Volume Price Nodes
Within the value area, certain price levels attract disproportionately high volume - these are high volume nodes (HVN). The indicator identifies these nodes as strong support and resistance zones because so many positions were established there, creating a gravitational pull on future price action.
Market Profile Value Area Basics
The value area is the price range where approximately 70% of trading volume occurred during a session. This zone represents the market's accepted range of fair value. Prices above the value area are considered expensive, while prices below are considered cheap relative to that session's consensus.
Detecting High-Volume Price Nodes
Within the value area, certain price levels attract disproportionately high volume - these are high volume nodes (HVN). The indicator identifies these nodes as strong support and resistance zones because so many positions were established there, creating a gravitational pull on future price action.
Value Area High and Low as Key Levels
The Value Area High (VAH) and Value Area Low (VAL) serve as the upper and lower boundaries of fair value. When price opens above the VAH, it signals potential strength. When it opens below the VAL, it signals weakness. These levels provide objective reference points for gauging the day's directional bias.
Applying Market Profile to Daily Trading
Traders use the previous day's value area to frame the current session. If price opens inside yesterday's value area, a range-bound day is more likely. If it opens outside, a trending day is expected. This simple framework based on Market Profile theory helps set realistic expectations for daily price behavior.
Value Area High and Low as Key Levels
The Value Area High (VAH) and Value Area Low (VAL) serve as the upper and lower boundaries of fair value. When price opens above the VAH, it signals potential strength. When it opens below the VAL, it signals weakness. These levels provide objective reference points for gauging the day's directional bias.
Applying Market Profile to Daily Trading
Traders use the previous day's value area to frame the current session. If price opens inside yesterday's value area, a range-bound day is more likely. If it opens outside, a trending day is expected. This simple framework based on Market Profile theory helps set realistic expectations for daily price behavior.
Value area insights into most time and volume traded
Value area insights into most time and volume traded
The value area is the price range where approximately 70% of trading volume occurred. This indicator identifies high volume nodes within that area, marking strong support and resistance zones where many positions were established.
The value area is the price range where approximately 70% of trading volume occurred. This indicator identifies high volume nodes within that area, marking strong support and resistance zones where many positions were established.
Track Value Area Migration
When price opens inside yesterday's value area, a range day is more likely. Opening outside suggests a trending day. This framework sets realistic daily expectations.
Simplify Volume Profile Reading
High volume nodes within the value area act as magnets for price. The indicator surfaces these key levels automatically without manual profile analysis.
Reference VAH and VAL as Boundaries
Value Area High and Low serve as upper and lower boundaries of fair value. Price opening above VAH signals strength while below VAL signals weakness.
Common Questions About Value Area Trading
Common Questions About Value Area Trading
Market value areas define price zones where the majority of trading activity occurred, revealing fair value and potential support-resistance levels. These questions address value area interpretation and trading applications.
Market value areas define price zones where the majority of trading activity occurred, revealing fair value and potential support-resistance levels. These questions address value area interpretation and trading applications.
How is the value area different from simple support and resistance?
Value areas are statistically derived from actual trading distribution, typically capturing 70% of activity. Traditional support and resistance are visually identified swing points. Value areas reveal where participants agreed on fair value rather than just where price reversed.
How do I trade the value area high and low levels?
Price opening outside the value area often attempts to return inside, creating fade opportunities at VAH and VAL. Opening inside often tests the extremes. These levels act as dynamic support and resistance based on prior session acceptance rather than single touch points.
What does it mean when value areas migrate higher or lower?
Consecutive sessions with rising value areas confirm uptrend in the auction process. Falling value areas confirm downtrend. Overlapping value areas suggest balance and indecision. The migration direction reveals whether buyers or sellers are gaining control over time.
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Web sentiment
Web sentiment
Traders online express positive sentiment about the Market Value Areas Indicator for ThinkorSwim, noting its effectiveness, ease of use, customization options, and strong community support.
Traders online express positive sentiment about the Market Value Areas Indicator for ThinkorSwim, noting its effectiveness, ease of use, customization options, and strong community support.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
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TradersList Reviews (4)
TradersList Reviews (4)
TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.
TradersList Community has given this listing four stars, indicating a well trusted listing with great utility value. This listing is one of the better ones on TradersList.
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Source: TradersList Reviews
Source: TradersList Reviews

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