( Trading view script ) This indicator shows the volume pro | TRADERS ACADEMY

( Trading view script ) This indicator shows the volume profile by daily blocks and draws on the chart the support or resistance lines produced by the previous volume profile block. A support line will be created if in the previous block, the VPOC line was closer to the lowest price line of that block. This support line will be placed below the VPOC line, at a distance equal to the difference between the highest price of that block and the VPOC price. For the case of the resistance line, the logic applied is analogous.
These support and resistance lines are introduced because, according to the Gaussian bell, the VPOC is likely to be located in the middle, and these deviations can be used to trace support and resistance (USE IT HOPE GONE TO HELPFUL FOR YOU)