VolumeProfile for Smart Money Range V4.5.2.2 3.13

Brief: This indicator is a volume profile and delta volume analysis tool on TradingView, written in Pine Script v6 (with import from the ta/10 library). It focuses on analyzing "Smart Money Range" (SMR) - a candle range (lookback period) to determine trends, extreme points (peaks/troughs), and volume distribution (volume) over time segments and price ranges. The code uses built-in functions such as ta.requestVolumeDelta to get volume delta data from a lower timeframe (customizable), and calculates cumulative delta with resets according to the anchor period (e.g., daily).

Strengths:
- Detailed and Flexible: Analyze volume by segment (A-M vs M-D) and levels (above/below X1/X2), support both total/delta mode, help detect imbalance more accurately than standard VP.
- Smart Money Insight: Identify trend/key levels automatically, compare cumulative arrays to catch cross/divergence/peaks – useful for SMC (Smart Money Concepts) like accumulation/distribution.
-Powerful Visualization: Boxes proportional, lines scaled to price, debug labels – easy to read, no clutter (limited boxes/lines).
- Delta Integration: Cumulative delta with divergence detection, top deltas/peaks – excellent for real-time buying/selling pressure analysis.


Applications:
- Trend and Reversal Analysis: Used to determine trend strength (compare VolumeTrend_BC vs Diff_MD), predict pullback/reversal if volume diff is high (e.g., VolumeUpperX1Diff_MD spikes → bearish continuation in downtrend).
- Smart Money Trading: Apply SMC – detect range accumulation (A-M volume high below X1), distribution (M-D volume high above X1), combine delta for entry/exit (bullish divergence → buy).
- Advanced Volume Profile: Replace basic VP, focus on pullback (showPullbackVolume), useful for day/swing trading on crypto/stock/forex.
- Combining Other Indicators: With ATR band for support/resistance, or overlay on price action to confirm breakout (e.g., cross cumulative lines → signal).