INVITE-ONLY SCRIPT

8-Hours Overnight Volume Profile @MaxMaserati 3.0

60
8-Hours Overnight Volume Profile MaxMaserati 3.0

The 8-Hours Overnight Volume Profile indicator provides comprehensive volume distribution analysis for overnight trading sessions, helping traders understand institutional accumulation patterns and key price levels developed during low-liquidity periods.

Core Functionality
This indicator analyzes volume distribution across overnight sessions (default: 1:00 AM - 9:00 AM EST) to identify critical price levels where the most trading activity occurred. By utilizing lower timeframe data for accurate volume calculations, it maintains consistency across all chart timeframes while providing detailed profile resolution.

снимок

Key Features & Educational Value

Volume Profile Components:

POC (Point of Control): Identifies the price level with highest traded volume, representing the fairest price acceptance during the session

Fair Value Area (FVA): Highlights the price range containing the specified percentage of total volume (default 40%), indicating the primary area of value

High Volume Nodes (HVN): Shows areas of strong price acceptance and potential support/resistance

Low Volume Nodes (LVN): Reveals areas of price rejection that may act as continuation zones

Market Bias Table:
The integrated bias analysis table provides educational context for price action relative to overnight value areas:

Bullish Bias: Close above FVA suggests upside continuation potential
Bearish Bias: Close below FVA indicates downside pressure
P-Shaped or Top-Heavy : Price rallied above FVA but closed inside, suggesting potential rejection
B-Shaped or Bottom-Heavy: Price dropped below FVA but closed inside, indicating potential support
Neutral: Price remained within FVA, suitable for range-based strategies

Professional Customization

Multiple Color Themes: Professional Blue, Dark Gold, Neon, Minimal Gray, or Custom
Visual Styles: Choose between Solid, 3D, or Outlined bar styles
Gradient Effects: Optional gradient intensity for enhanced visual depth
Flexible Display: Adjustable profile width, resolution, and session count

Trading Applications
This tool serves educational purposes by helping traders:

Understand where overnight institutional activity established value
Identify potential support/resistance levels based on volume acceptance
Recognize bias shifts when price moves beyond established value areas
Plan entries based on value area relationships and market structure

Technical Implementation
The indicator uses multi-timeframe analysis to ensure accurate volume calculation regardless of your chart timeframe, providing reliable profile data from lower timeframe consolidation. The session-based approach isolates overnight activity, making it particularly useful for traders analyzing pre-market and early regular session dynamics.

This indicator is designed for educational purposes to enhance understanding of volume profile analysis and overnight market structure. All trading decisions should be made based on comprehensive analysis and proper risk management.

Отказ от ответственности

Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.