🔔Free to Claim⎪Volume Distribution Chart Indicator⎪VDchart by:PaiX

💰Indicator available only for Tradingview members⎪Save on membership fees

「Simultaneously adds more detailed data functionality statistics」

🛠️Overview of Volume Distribution Chart:

📊The chart can stack 4 individual volume profiles

VP1: Full Cycle⎪VP2: Half Length

VP3: Quarter Length⎪VP4: Eighth Length

The four layers help assess the volume convergence over different time frames

☢POC Highlight: The price level with the highest trading volume in each distribution chart will be highlighted with a bold purple POC line

🔖Total Volume and Volume Difference Labels:

Total Volume: Cumulative trading volume for the distribution period displayed at the top of the orange distribution chart

Volume Difference Delta: Marked at the bottom indicating the difference between bullish and bearish volume, used to show directional pressure

Positive Delta = Buyers are dominant, Negative Delta = Sellers are dominant

♻️Usage Method:

Long and flat areas on the distribution chart show regions where prices have stayed the longest, suitable for establishing positions

Areas with thin volume indicate less price contention, typically used for stop-loss or entry

Delta Confirmation: Positive/Negative Delta readings serve as confirmation of breakout direction bias

Observe the overlapping POCs of the four distribution charts to identify very strong support and resistance zones

✅How to Claim for Free:

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Subsequent invitations for usage qualifications will be based on TV accounts