VOFA Volume

VOFA Volume – Structured Volume Zones with Contextual Clouds

VOFA Volume is a volume-analysis indicator designed to categorize volume into clear, structured zones based on its relationship with a Volume Moving Average.
Instead of reading raw volume bars, the indicator highlights where current volume stands in context: very high, high, normal, or low participation.

This makes it easier to visually understand volume distribution and participation intensity across time.

🔹 Key Features

• Volume classification using Volume MA
• Distinct volume zones:

Very High Volume

High Volume

Normal Volume

Low Volume

• Volume Clouds for quick visual interpretation
• Color-coded volume bars aligned with volume zones
• Optional Volume Moving Average overlay
• Clean, dark background for better focus
• Suitable for intraday and swing analysis

🔹 How to Use

• Very High & High Volume zones highlight strong participation periods
• Normal Volume zones represent balanced activity
• Low Volume zones indicate reduced participation or quiet phases
• Volume Clouds help identify where current volume is positioned relative to its average, rather than interpreting volume in isolation

The indicator works best when combined with:

Price structure

Support & resistance

Market Profile / Volume Profile

Context-based trading approaches

🔹 Customization Options

• Enable / disable Volume Clouds
• Adjust Volume MA period
• Show or hide Volume MA line

Important Note:

This indicator does not generate buy or sell signals.
It is a volume context and classification tool intended to support market analysis alongside price action.