OPEN-SOURCE SCRIPT
Updated Fib-Weighted Volume Profiles

Fib-Weighted Volume Profiles combines Fibonacci retracement levels with a swing-based volume profile on the most recent confirmed pivot leg. Instead of drawing Fib levels in isolation, this indicator shows how much of the swing's traded volume accumulated near each Fib price — helping you spot high-confluence support, resistance, and reaction zones.
What makes it different
How it works
Chart elements
Recommended settings
Alerts
Limitations
What makes it different
- Volume-weighted Fib analysis on the active swing leg (not a fixed session profile)
- POC (Point of Control), 70% Value Area, and horizontal volume histogram
- Golden Pocket zone (0.618–0.66) highlighted for OTE / pullback trading
- Confluence star ratings (★ to ★★★) based on volume %, POC proximity, and Golden Pocket
- Ghost POC lines from prior swings for historical liquidity context
- Optional HTF EMA trend filter to fade counter-trend levels
- Developing swing extension (SH* / SL*) before pivot confirmation
- Built-in alerts for strong Fib confluence, POC touch, and Golden Pocket volume
How it works
- Detects the latest swing using confirmed pivot highs/lows (default 5 left / 5 right bars — no repaint).
- Builds a volume profile across that swing range using configurable price bins.
- Plots standard Fib levels (0, 0.236, 0.382, 0.5, 0.618, 0.786, 1) and measures the % of total swing volume near each level.
- Colors and line weight reflect volume strength: strong (≥20%), medium (≥10%), weak.
- When POC aligns with a Fib level, labels merge into a single POC+Fib tag.
- Value Area box turns green/red on breakout; dashed style indicates a developing (unconfirmed) swing.
Chart elements
- Yellow dashed line — POC (highest volume price in the swing)
- Blue box — Value Area (~70% of volume); dashed border = developing leg
- Purple box — Golden Pocket (0.618–0.66)
- Grey histogram — Volume distribution by price bin
- Colored Fib lines — Volume strength at each retracement level
- P-1, P-2 labels — Ghost POC from previous swings
- SH / SL — Swing high / low markers (asterisk = developing)
Recommended settings
- Stocks / Forex (15m–1H): Bin Count 24–32, Pivot 5/5
- Crypto (5m–15m): Bin Count 32, enable LTF Volume Distribution if on higher TF
- No volume data (some CFDs): Enable "Synthetic Profile If No Volume" — Fib + swing only, or equal-weight approximation
- Crowded labels: Increase "Label Horizontal Spacing" to 12–16 bars
Alerts
- Strong 0.618 Volume — volume confluence at the 0.618 Fib level
- Strong Fib Confluence — any Fib level exceeds the strong threshold (default 20%)
- POC First Touch — price touches POC for the first time in the current swing
- Golden Pocket + Volume — price in Golden Pocket with strong zone volume
Limitations
- Designed for the latest swing leg — not a full-session anchored profile.
- Very long swings are trimmed to Max Bar Range (default 500) for performance.
- LTF volume applies to the current bar only; history uses chart-timeframe volume.
- Pivot settings affect swing detection — adjust for your market and timeframe.
- Drawing limits (500 lines/labels/boxes) may clip visuals on extremely active charts.
Disclaimer: This indicator is for educational and analytical purposes only. It does not constitute financial, investment, or trading advice. Past volume distribution patterns do not guarantee future price behavior. Always manage risk and do your own research before making trading decisions.
Release Notes
Pivot constants were changed.Release Notes
Fibonacci lines color changed.Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Love for AlgoTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Love for AlgoTrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
