VP and POC

This code is credited to juliangonzaconde. Have taken his help to modify his beautiful creation.

Volume profile is a key study when comes to understanding the auction trading process. Volume Profiles will show you exactly how much volume, as well as relative volume, occurred at each price as well as the exact number of contracts for the entire session. It is a visualization tool to understand the high activity zone and low activity zone.

Volume profile measures the confidence of the traders in the market. From short term trading perspective monitoring the developing volume profile in realtime make more sense to track current market participation behavior to take better trading decisions.

Hope this helps you in trading on daily timeframe.

Happy Trading.

發行說明

There was an error about POC line. That has been resolved

發行說明

On request of many people. Have added running POC with adjustable bars back period.

發行說明

In few of the securities the width of VP was very small. So added a new parameter to increase the width of bars of Volume profile.