While exploring the new Pine Script feature, Polylines, I've created a fun project called the
Ice Cream Volume Profile for the visible range.
This fun project serves several purposes:
It displays the level at which the most trades (volume) occur.
It provides Delta volume information.
It counts how many times a bar closed within this level.
It assists in drawing support and resistance zones.
It aids in interpreting volume data.
The top part of the ice cream cone changes color as follows:
- Green: When the bullish volume exceeds 55% of the total volume.
- Red: When the bearish volume surpasses 55% of the total volume.
- Yellow: When neither Green nor Red exceeds 55% of the total volume.
Polylines are an excellent feature that enables us to create even more intriguing visuals in Pine Script.