Charts

Volume At Price (VAP)

Description

The Volume at Price indicator displays the total volume for each price level as a bar chart on the right side of the chart. The Volume at Price indicator allows you to add the following indicator styles:

  • Volume at Price Stacked: displays the buy volume as a separate bar on top of the sell volume.
  • Volume at Price Side by Side: both the buy and sell volume appear on the same bar.

After selecting the Volume at Price indicator, you may configure the following properties:

  • Max Bar Percentage: sets the maximum length of the volume bars. A value of 1 means the longest volume bar will cover the entire length of the chart.
  • Bar Alpha
  • Display Volume: displays the volume as an integer at the end of each bar.
  • Enable Tooltip
  • Buys Color: set the color of the buy bars.
  • Sells Color: set the color of the sell bars.

Formula

Each horizontal bar is centered on the price level and represents the relative total volume traded at that price.

The longest bar on the VAP technical indicator extends to the percentage as defined in the Max Bar Percentage

setting. All other bars are in lengths proportional to the longest bar.