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Volume Peak Bars

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This indicator helps identify the highest volume areas in a given time period. I've found that typically price is attracted to high volume areas. This indicator is based on the same principles as the Opening Range Breakout theory however instead of setting a "time" the indicator sets this range based on high volume. These levels also tend to be very strong support and resistance areas as lots of liquidity lies in these high volume pockets.

This indicator will automatically adjust the highest volume area for that given trading day.

You can also adjust the Time frame depending on your trading style - Swing vs. Scalp. ie. If you want to see a 1, 5 minute volume high for scalpers, or if you are more interested in a 15,30, 60 etc. minute range for swing trading.

The indicator also allows you to see 1 previous zone. All of this can be selected or unselected in the settings.

Thanks! Good Luck.

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