Dynamic Volume Profile

The result of standard volume profile is fix for a specified period of time. However, in this script the result is dynamic, because its calculated for every bar. In this script you can see the change of Point of Control, Value Area High and Value Area Low in real time.

Point of Control is the price level for the time period with the highest traded volume.
The area between value area low and value area high (green background) is the area where 70% of traded volume happen. You can customize this percentage value in input section.

Trader can customize input:

Period length
Number of rows
Percentage of value area

Reference:
https://www.tradingview.com/wiki/Volume_Profile

Release Notes

Update:

value area low and value area high calculation
default input value. now is 30, 30, 70

Release Notes

update some logic for better result

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

flintlockwood

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

flintlockwood