VP Scanner
Prices people traded at heavily tend to matter again. The VP Scanner builds a volume profile for every stock over the last week, month or three months, and lets you find the ones where today’s price is doing something interesting against it.
The words on this page
- POC — the point of control — the price where the most shares traded in the window.
- Value area (VA) — the band of prices where most of the trading happened. VAH is its top, VAL its bottom.
- Migration — whether the POC moved up, down or stayed flat across the window — is the market’s idea of “fair” rising or falling?
Profile shapes
- P-shape — the volume bunched near the top of the range — buyers accepted higher prices.
- b-shape — bunched near the bottom — selling was accepted lower.
- Balanced — a rounded “D”: a two-sided market trading around a middle price.
- Double distribution — two separate clusters, with price holding the upper or the lower one.
A shape on its own isn’t bullish or bearish — what matters is where the price is now relative to it.
One-click setups
The chips at the top are ready-made scans, green for bullish ideas and red for bearish ones: price accepted above the POC of a P-shape, a balanced profile breaking above its value area, price just under the POC with value rising (the “reclaim” watch), and their mirror images. Click a chip to run it; click it again to clear. You can also build your own with the filters and save it under Presets — starred presets appear in the sidebar.