INVITE-ONLY SCRIPT
Volume Profile Right
📌 The Volume Profile Lite visualizes buy and sell volume by price range within a selected period, displayed as horizontal bars on the right side of the chart. This allows traders to understand the distribution of trading volume and the intensity of participation.
■ Calculation Logic
1. Price Binning System
The indicator divides the highest-to-lowest price range into user-defined boxes, detects candle volume entering each range, and allocates it based on buy/sell conditions.
2. Distinct Buy/Sell Volume Separation
Buy Volume = close ≥ open, Sell Volume = close < open, allowing each price range to independently accumulate buy and sell volume.
3. Dual-Side Volume Profile Construction
Each range compares its volume to the global max, then calculates:
buyBoxWidth = (buyVol / maxVol) * profileWidth,
sellBoxWidth = (sellVol / maxVol) * profileWidth,
creating a balanced left-side buy profile and right-side sell profile.
4. Text-Enhanced Visual Boxes
Each range displays background color, border, average price, K-scaled volume text, adjustable transparency, and alignment for more intuitive volume distribution analysis.
■ User Inputs (Accurate, Non-Exaggerated Descriptions)
Analysis Period (lookback): Controls how many historical bars are analyzed.
Number of Price Ranges (boxes): Defines how finely the price span is segmented.
Profile Width: Sets maximum horizontal width of the profile.
Box Height: Adjusts the vertical thickness of each volume box.
Font Size: Controls text size for displayed volumes.
Transparency: Adjusts box background opacity.
Buy/Sell Color Groups: Sets background and border colors for buy and sell boxes.
Background Color Settings: Adjusts global chart background and profile readability.
■ Repaint Behavior
The indicator analyzes only completed bars within the lookback period, uses no future data, and does not modify historical values; therefore, it does not repaint.
Real-time updates occur only because calculations execute on the latest bar via barstate.islast, which is normal behavior.
■ Purpose
Designed to reveal relative buy/sell volume distribution by price, highlight zones of concentrated participation, detect volume imbalances, and provide structural context for potential support/resistance—not to predict price or generate signals.
■ Notes
Box width reflects relative—not absolute—volume; buy/sell classification uses open/close comparison and may not perfectly represent order-flow nature; best used alongside other tools for complete analysis.
■ Calculation Logic
1. Price Binning System
The indicator divides the highest-to-lowest price range into user-defined boxes, detects candle volume entering each range, and allocates it based on buy/sell conditions.
2. Distinct Buy/Sell Volume Separation
Buy Volume = close ≥ open, Sell Volume = close < open, allowing each price range to independently accumulate buy and sell volume.
3. Dual-Side Volume Profile Construction
Each range compares its volume to the global max, then calculates:
buyBoxWidth = (buyVol / maxVol) * profileWidth,
sellBoxWidth = (sellVol / maxVol) * profileWidth,
creating a balanced left-side buy profile and right-side sell profile.
4. Text-Enhanced Visual Boxes
Each range displays background color, border, average price, K-scaled volume text, adjustable transparency, and alignment for more intuitive volume distribution analysis.
■ User Inputs (Accurate, Non-Exaggerated Descriptions)
Analysis Period (lookback): Controls how many historical bars are analyzed.
Number of Price Ranges (boxes): Defines how finely the price span is segmented.
Profile Width: Sets maximum horizontal width of the profile.
Box Height: Adjusts the vertical thickness of each volume box.
Font Size: Controls text size for displayed volumes.
Transparency: Adjusts box background opacity.
Buy/Sell Color Groups: Sets background and border colors for buy and sell boxes.
Background Color Settings: Adjusts global chart background and profile readability.
■ Repaint Behavior
The indicator analyzes only completed bars within the lookback period, uses no future data, and does not modify historical values; therefore, it does not repaint.
Real-time updates occur only because calculations execute on the latest bar via barstate.islast, which is normal behavior.
■ Purpose
Designed to reveal relative buy/sell volume distribution by price, highlight zones of concentrated participation, detect volume imbalances, and provide structural context for potential support/resistance—not to predict price or generate signals.
■ Notes
Box width reflects relative—not absolute—volume; buy/sell classification uses open/close comparison and may not perfectly represent order-flow nature; best used alongside other tools for complete analysis.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact c9indicator directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
This script is provided as Invite-Only. If you would like to request access, please send me a message on my TradingView profile including your username.
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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact c9indicator directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
This script is provided as Invite-Only. If you would like to request access, please send me a message on my TradingView profile including your username.
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.