# Official Indicators

TradingLite has crafted a number of unique, official indicators, to help aid in your trading decisions.

To browse and select one of TradingLite’s Official Indicators, navigate to:
Indicators > Official Indicators

# Main

Main is the layer used to display price. In addition to traditional candles, TradingLite offers 7 additional alternative methods to display price, to suit your preference. Whilst Candles, Heiken Ashi, Line, Stepped Line, Area and Baseline are pictured below,

Footprint Cluster and Footprint Profile, along with the Footprint '+' alternatives, are shown and explained within the dedicated Footprint Basics and Footprint Advanced guides.

# Main Selector

To select your preferred method to show price, use the selector in the top toolbar.

Here you also have the ability to Favourite different methods to display price, for quick selection in future.

# Main Settings

Each choice for Main has its own unique options allowing further customisation.

To view and change these options navigate to: Chart Settings > Main > Advanced Settings

# Open Interest

Open Interest shows the value of all open positions within a futures/derivatives based market.

TradingLite takes this data directly from the exchange.

Due to the varying frequency in which Open Interest data is published by exchanges, you may find on lower time frames that Open Interest does not change, or updates infrequently.
This is unfortunately beyond the control of TradingLite.

# Open Interest Settings

You are able to select the style of the Open Interest candlestick as either Solid, Hollow or Bars. Here, you can also choose the pixel thickness of the Open Interest's borders.

# Heatmap

Please see the Heatmap Basics and Heatmap Advanced guide explaining both the methodology and options for TradingLite Heatmap.

# VPVR Plus

Drawing inspiration from the traditional VPVR indicator, TradingLite’s VPVR Plus, provides additional data that is visually enhanced.

The value displayed within the row, shows the total number both, market buys and market sells.

The first visual note is the colour of the row.

• Green indicates Market Buys were more dominant at that price point.

• Red indicated Market Sells were more dominant at that price point.

The second visual note is the width of the brightest block. This shows the proportional dominance (or delta) of either the market buys or market sells - shown by its color.

• A large bright block shows strong dominance.

• If the bright block is very small, it shows that the dominance was weak.

The third visual note is the two duller blocks within the row. Once again determined by the color, these blocks show the degree of balance between the market buys and the market sells.

• If the row colour is green, the dullest block shows the market sells. The two remaining blocks combined visually shows the market buys as a comparison.

• If the row colour is red, the dullest block shows the market buys. The two remaining blocks combined visually shows the market sells as a comparison.

The forth value displayed within the row, shows the total number both, market buys and market sells.

The image below helps to visually explain:

# VPVR Plus Settings

• Align - Determines whether to display the VPVR Plus on either the left, or right.

• Width - Determines the overall width of VPVR Plus as a percentage of your screen.

• Ticks per Row - Determines how many price points are amalgamated together to form each row of the VPVR Plus. Selecting a lower value will provide a more granular view, whilst selecting a higher value will group together a greater number of price points, reducing noise.

• Point of Control - The is the node of the profile in which the highest volume of trading occurred. When enabled, you can choose the color of the POC.

• Show Value Area - Checkbox to toggle whether the ‘Value Area’ is distinguishable via highlight. You will also be able to determine the percentage value of the Value Area, along with the brightness its rows in comparison to the rows outside of the Value Area.

# VPVR Plus POC Settings

As with all of TradingLite’s Profile Indicators, you have the option to enable and style the POC.

• Enable - Enables POC

• Color - Customise the color and transparency of the POC.

# VPVR

The traditional VPVR (Volume Profile Visible Range) indicator shows the volume of market buys and market sells at various price points, of the candles currently in view.

Within this profile is the Value Area, which is shown via a brighter highlight than the remainder of the VPVR.

# VPVR Settings

• Show Delta - Checkbox to toggle viewing each row of the profile as a delta, to determine whether the market buy or market sell pressure had greater dominance. If you prefer this view, we recommend that you consider TradingLite’s VPVR Plus.

• Align - Determines whether to display the VPVR on either the left, or right.

• Width - Determines the overall width of VPVR as a percentage of your screen.

• Ticks per Row - Determines how many price points are amalgamated together to form each row of the VPVR. Selecting a lower value will provide a more granular view, whilst selecting a higher value will group together a greater number of price points, reducing noise.

• Hide values - Toggle the values shown within each row of the VPVR.

• Point of Control - The is the node of the profile in which the highest volume of trading occurred. When enabled, you can choose the color of the POC.

• Show Value Area - Checkbox to toggle whether the ‘Value Area’ is distinguishable via highlight. You will also be able to determine the percentage value of the Value Area, along with the brightness its rows in comparison to the rows outside of the Value Area.

# VPVR POC Settings

As with all of TradingLite’s Profile Indicators, you have the option to enable and style the POC.

• Enable - Enables POC

• Color - Customise the color and transparency of the POC

# VPSV

Similar to VPVR, the VPSV (Volume Profile Session Volume) indicator shows the volume of market buys and market sells at various price points, of candles within each session.

# VPSV Primary Settings

Show Delta - Checkbox to toggle viewing each row of the profile as a delta, to determine whether the market buy or market sell pressure had greater dominance.
Align - Determines whether to display the VPSV on either the left, or right.
Width - Determines the overall width of VPSV as a percentage of the VPSV session range.
Ticks per Row - Determines how many price points are amalgamated together to form each row of the VPSV. Selecting a lower value will provide a more granular view, whilst selecting a higher value will group together a greater number of price points, reducing noise.
Hide Values - Checkbox to toggle whether the values shown within the VPSV are shown.
Draw Background - Checkbox to toggle if a background to each VPSV profile is rendered.

# VPSV Headers

Above the VPSV, key data points are displayed within the Header. These include:

• Delta

• Total

• Value Area High - VAH

• Point of Control - POC

• Value Area Low - VAL

Each of these key data point's visibility can be toggled, in addition to being re-ordered to suit your own display preferences.

The color used for each value of the header is determined by the color specified in each section below.

# VPSV Point of Control Settings

# POC

Disabled - Disables Point of Control.
Enable (Ray) - Renders Point of Control as a simple ray/line, at the centre of the highest value node.
Enable (Outline) - Renders Point of Control as an outlined box of the highest value node.
Enable (Ray + Outline) - Renders Point of Control as both a simple ray in addition to an outlined box of the highest value node.

# POC Extend

Note: The Extend option is only displayed if you have enabled the POC.

Not extended - POC will extend to the respective width of it's session.
Simple Extension (Doubled) - POC will extend to the end of the following session. Note, if Enable (Outline) is selected, a ray will instead extend to the end of the following session.
Naked Extension - POC will extend indefinitely, until the a subsequent session in which price would revisit this defined POC.

# VPSV Value Area Settings

Enable - Toggle to enable the render of the Value Area within each session.
Value Area - Determine the percentage value used of Value Area.
Value Area Brightness - How bright the rows that fall within the Value Area in comparison to the rows outside of the Value Area.
Draw Labels - Toggle to show/hide the VAH (Value Area High) and VAL (Value Area Low) labels.
Draw Rays - Toggling this on, will render rays at both the VAH (Value Area High) and the VAL (Value Area Low).

Note: If Draw Rays is not toggled, the Value Area will still be defined by the rows within the profile that are visually brighter.

Extend Rays - Determines whether the Value Area Rays are extended to the end of the following session.
Color Rays - Color used for the Rays, Labels and Header values.

# VPSV Session Settings

Given that VPSV plots a profile for each session, TradingLite gives you the ability to specify from a variety of pre-set configured sessions. Below is an example of VPSV using the US Session Split.

Session Split - Determine the time or duration of each session:

UTC (Default)
US Session - 13:30 - 20:00 (UTC)
EU Session - 07:00 - 15:30 (UTC)
AZ Session - 23:00 - 07:00 (UTC)
2h
4h
8h
12h

# Volume

Rather than simply totalling the value of trades and matching the color of the candlestick, TradingLite’s volume indicator provides 3 distinct visualisations as shown below:

The first is the height of the volume. This is determined by totalling the market buys and market sells. This is the only similarity with a traditional volume indicator.

The second visualisation, is the color of the volume bar. Instead of matching the colour of the corresponding candlestick, the TradingLite Volume bar will perform a calculation to determine its color.

The total of market buys and market sells are compared to determine, which was more dominant, within the time of the candlestick. This can result in a different color from the candlestick.

The third visualisation within the TradingLite Volume indicator is the Delta.

This is a calculation of market buys - market sells. The delta is then shown as the bright bar within the total volume bar.

# TPO / Market Profile

Please see the dedicated TPO Market Profile learn pages. There is both a TPO Market Profile Basics and TPO Market Profile Advanced articles.

# Footprints

For full, in-depth guides to all of the Footprint layers, please visit the dedicated Footprint Learn Pages. You will find Footprint Basics, Footprint Advanced, Footprint Cluster, Footprint Profile and Footprint Bar Statistics articles.

# Counters

# Counter Books

The Counter Books indicator, shows the number of changes within the Order Book, that have taken place within each candle's life.

You'll notice at the start of a new candle, its value resets to zero.

# Counter Trades

The Counter Trades indicator, shows the number of trades that have taken place within each candle's life.

You'll notice at the start of a new candle, its value resets to zero.

# Guides

# Grid

As its name suggests, the Grid layer will plot a grid with both incremental horizontal and vertical lines on your chart. You can select whether to plot both horizontal and vertical line, or one set of these grid lines.

# Session Line

This handy layer will plot both the start and end of legacy market sessions. You will be able to choose from Asia, Europe and US sessions.

US Session - 13:30 - 20:00 (UTC)
EU Session - 07:00 - 15:30 (UTC)
AZ Session - 23:00 - 07:00 (UTC)