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VWAP Volume Profile [BigBeluga]

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🔵 OVERVIEW
VWAP Volume Profile [BigBeluga] is an advanced hybrid of the VWAP and volume profile concepts. It visualizes how volume accumulates relative to VWAP movement—separating rising (+VWAP) and declining (−VWAP) activity into two mirrored horizontal profiles. It highlights the dominant price bins (POCs) where volume peaked during each directional phase, helping traders spot hidden accumulation or distribution zones.

🔵 CONCEPTS
  • VWAP-Driven Profiling: Unlike standard volume profiles, this tool segments volume based on VWAP movement—accumulating positive or negative volume depending on VWAP slope.
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  • Dual-Sided Profiles: Profiles expand horizontally to the right of price. Separate bins show rising (+) and falling (−) VWAP volume.
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  • Bin Logic: Volume is accumulated into defined horizontal bins based on VWAP’s position relative to price ranges.
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  • Gradient Coloring: Volume bars are colored with a dynamic gradient to emphasize intensity and direction.
  • POC Highlighting: The highest-volume bin in each profile type (+/-) is marked with a transparent box and label.
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  • Contextual VWAP Line: VWAP is plotted and dynamically colored (green = rising, orange = falling) for instant trend context.
  • Candle Overlay: Price candles are recolored to match the VWAP slope for full visual integration.
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🔵 FEATURES
  • Dual-sided horizontal volume profiles based on VWAP slope.
  • Supports rising VWAP [+], falling VWAP [−], or both simultaneously.
  • Customizable number of bins and lookback period.
  • Dynamically colored VWAP line to show rising/falling bias.
  • POC detection and labeling with volume values for +VWAP and −VWAP.
  • Candlesticks are recolored to match VWAP bias for intuitive momentum tracking.
  • Optional background boxes with customizable styling.
  • Adaptive volume scaling to normalize bar length across markets.


🔵 HOW TO USE
  • Use POC zones to identify high-volume consolidation areas and potential support/resistance levels.
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  • Watch for shifts in VWAP direction and observe how volume builds differently during uptrends and downtrends.
  • Use the gradient profile shape to detect accumulation (widening volume below price) or distribution (above price).
  • Use candle coloring for real-time confirmation of VWAP bias.
  • Adjust the profile period or bin count to fit your trading style (e.g., intraday scalping or swing trading).


🔵 CONCLUSION
VWAP Volume Profile [BigBeluga] merges two essential concepts—volume and VWAP—into a single, high-precision tool. By visualizing how volume behaves in relation to VWAP movement, it uncovers hidden dynamics often missed by traditional profiles. Perfect for intraday and swing traders who want a more nuanced read on market structure, trend strength, and volume flow.

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