Summary of "♦️ TPO Volume Range Indicator for MetaTrader 4/5 Download – Free – [TFLAB]"

The video provides a detailed tutorial and guide on the TP Volume Range Indicator available for MetaTrader 4 and MetaTrader 5, downloadable from the Trading Finder website. Key technological concepts and features highlighted include:

Installation and Usage: Users download the indicator file and load it onto their MT4/MT5 charts via the navigator section by dragging it onto the chart.
Core Functionality: Once activated, the indicator displays two vertical lines on the chart to define a price range and shows the Volume Profile for that range on the right side of the chart.
Volume Profile Analysis: Traders can analyze volume at specific price levels within a selected range, helping identify high and low volume areas that may influence price reactions.
Range Selection Modes:
1. Manually select two vertical lines with a fixed distance.
2. Indicator calculates backward from the last candle by a specified amount.
3. Adjust one vertical line, and the second moves automatically at a preset distance.
Customizable Inputs:
- Calculation period (e.g., 1 minute).
- Maximum number of points for Volume Profile (default 100).
- Scale multiplier for point values (options: x1, x10, x100).
- Data source for calculations (ticks, 1, 5, 15, 30 minutes).
Volume Profile Display Settings:
- Five histogram display styles to choose from.
- Positioning options for the Volume Profile on the chart (e.g., left inside).
- Color customization for low volume areas, high volume areas, and histogram thickness.
Additional Lines and Indicators:
- Mode line (highest volume line), maximum line, median line, and VWAP lines can be enabled, colored, and styled (solid, dash, dot, etc.).
- Thickness and drawing styles for these lines are customizable.
Visual Aids: Prominent green lines highlight primary levels within the volume range, which can be toggled on or off.

The tutorial encourages users to experiment with settings to tailor the indicator to their trading style and emphasizes the practical use of volume profiles in price analysis.