Smart Scanners › Session and profile
Volume value area
The band around the point of control that holds 70% of a session's volume. It grows one row at a time from the busiest row and includes the row that crosses 70% rather than stopping short of it — which is what CBOT 1996, Sierra Chart, EarnForex and the Pine reference all do, and TradingView alone does not. One row is a real price difference, so the exact settings travel with every event. The volume is tick volume: a count of quote updates rather than traded size, because spot FX has no exchange volume to profile.
What it looks like on a chart
A shaded band, drawn forward from the first bar of the new session, with the point of control published beside it as its own line. A session that did most of its business on one price gives a band with equal edges; that is the day being narrow, not a missing value. Like the point of control, it is the same band on every timeframe, and it is labelled with the day it profiled, which on a Monday morning is the previous Friday.
| Timeframe | Bars of history it reads | Settings | Events, last 30 days |
|---|---|---|---|
| M15 | 400 | — | 0 |
| M30 | 400 | — | 0 |
| H1 | 400 | — | 0 |
| H4 | 400 | — | 0 |
Not on D1. It lands on the first bar of a session, and on D1 that bar is not closed until the session is over.
Related scanners
- Volume POC the busiest row of the same profile, published on its own as a level
- Value area edge the time-weighted value area, marked on the first touch of a boundary