OPEN-SOURCE SCRIPT
Volume Profile
Updated
The "Volume Profile" Indicator is a powerful tool for traders, offering a comprehensive analysis of volume distribution over a specified number of bars. This indicator helps identify key levels of support and resistance, based on volume accumulation, and provides insights into market sentiment.
Features:
• Detailed Volume Analysis: Breaks down volume into up and down movements, total volume, and volume delta, providing a clear view of market activity.
• Customizable Settings: Adjust the number of bars, row size, and value area percentage to tailor the indicator to your trading style.
• Visual Clarity: Display volume profiles on either side of the chart, with color-coded bars for easy interpretation.
• Point of Control (POC) Lines: Highlight the highest volume price levels, with options to show total, bullish, and bearish POC lines.
• Volume Value Labels: Optionally display volume values in real terms or percentages directly on the chart.
Flexibility:
• Placement Options: Position the volume profile on the left or right side of the chart for better visual alignment with your analysis.
• Color Customization: Set distinct colors for different volume types, background, and POC lines to match your charting preferences.
• Label Styles: Choose from different label styles and display modes to best fit your needs.
Enjoy the game!
Features:
• Detailed Volume Analysis: Breaks down volume into up and down movements, total volume, and volume delta, providing a clear view of market activity.
• Customizable Settings: Adjust the number of bars, row size, and value area percentage to tailor the indicator to your trading style.
• Visual Clarity: Display volume profiles on either side of the chart, with color-coded bars for easy interpretation.
• Point of Control (POC) Lines: Highlight the highest volume price levels, with options to show total, bullish, and bearish POC lines.
• Volume Value Labels: Optionally display volume values in real terms or percentages directly on the chart.
Flexibility:
• Placement Options: Position the volume profile on the left or right side of the chart for better visual alignment with your analysis.
• Color Customization: Set distinct colors for different volume types, background, and POC lines to match your charting preferences.
• Label Styles: Choose from different label styles and display modes to best fit your needs.
Enjoy the game!
Release Notes
Version 2Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.