Simple VP Shape Detector

Simple VP Shape Detector is a lightweight Pine Script tool designed to help traders quickly identify the four major Volume Profile shapes commonly used in orderflow and auction-market theory:

D-Shape (Balanced Profile)

P-Shape (Short-Covering / Buyer-Dominant)

B-Shape (Long-Liquidation / Seller-Dominant)

Thin Profile (Trend Profile)

This indicator uses candle statistics (range, body size, volume distribution approximation, and directional movement) to estimate the underlying shape of the volume profile when the full Volume Profile tool is not available.

✔️ What this indicator does

Analyzes recent bars to estimate volume concentration vs. price movement

Flags possible VP shapes using simple logic

Displays labels above/below candles showing:

“D” → Balanced

“P” → Buyer-heavy

“B” → Seller-heavy

“T” → Trending / Thin profile

Helps traders quickly identify auction conditions

✔️ Why this is useful

Volume Profile tools require premium data or heavy visual processing.
This script provides a simple, fast, CPU-light alternative that still captures the essential behavior of profile shapes.

✔️ How shapes are detected

D-Shape: small directional movement + larger body clustering

P-Shape: strong upward move + volume weighted to upper half

B-Shape: strong downward move + volume weighted to lower half

Thin: long range candles with little internal consolidation

⚠️ Disclaimer

This script is an approximation. It does NOT replace full Volume Profile tools.
It is designed as an educational / supplemental tool for market structure analysis.