Dashboard MTF profile volume

6 天前

Indicator Description
This indicator, titled "Swing Points and Liquidity & Profile Volume," combines multiple features to provide a comprehensive market analysis:

Volume Profile: Displays buy and sell volumes across multiple timeframes (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day).

Volume Moving Averages: Plots two moving averages (short and long) to analyze volume trends.

Dashboard: A summary dashboard shows buy and sell volumes for each timeframe, with distinct colors for better visualization.

Swing Points: Identifies liquidity levels and swing points to help pinpoint key entry and exit zones.

How to Use
1. Indicator Installation
Go to TradingView.
Open the Pine Script Editor.
Copy and paste the provided code.
Click on "Add to Chart."
2. Indicator Settings
The indicator offers several customizable parameters:

Display Volume (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day): Enable or disable volume display for each timeframe.
Short Moving Average Length (MA): Set the short moving average period (default: 5).
Long Moving Average Length (MA): Set the long moving average period (default: 14).
Dashboard Position: Choose where to display the dashboard (bottom-right, bottom-left, top-right, top-left).
Text Color: Customize the text color in the dashboard.
Text Size: Choose text size (small, normal, large).
3. Using the Indicator
Volume Analysis

The dashboard displays buy (Buy Volume) and sell (Sell Volume) volumes for each timeframe.
Buy Volume: Volume of trades where the closing price is higher than the opening price (aggressive buying).
Sell Volume: Volume of trades where the closing price is equal to or lower than the opening price (aggressive selling).
Volumes are displayed in real-time and update with each new candle.
Volume Moving Averages

Two moving averages are plotted on the chart:
MA Volume (Short): Short moving average (blue) to identify short-term volume trends.
MA Volume (Long): Long moving average (red) to identify long-term volume trends.
Use these moving averages to spot accumulation or distribution periods.
Swing Points and Liquidity

Swing points are identified based on price levels where volumes are highest.
These levels can act as support/resistance zones or liquidity areas to plan entries and exits.
Usage Guidelines
1. Entering a Position
Buy (Long):

When Buy Volume is significantly higher than Sell Volume across multiple timeframes.
When the short moving average (blue) crosses above the long moving average (red).
Sell (Short):

When Sell Volume is significantly higher than Buy Volume across multiple timeframes.
When the short moving average (blue) crosses below the long moving average (red).
2. Exiting a Position
Use liquidity levels (swing points) to set profit targets or stop-loss levels.
Monitor volume changes to anticipate trend reversals.
3. Risk Management
Use stop-loss orders to limit losses.
Avoid trading during low-volume periods to reduce false signals.
Compliance with Trading View Guidelines
Intellectual Property:

The code is provided for educational and personal use. You may modify and use it but cannot resell or distribute it as your own work.
Responsible Use:

Trading View encourages responsible use of indicators. Test the indicator on a demo account before using it in live trading.
Transparency:

The code is fully transparent and can be reviewed in the Pine Script Editor. You may modify it to suit your needs.
Practical Examples
Scenario 1: Bullish Trend

Buy Volume is high on 1-hour and 4-hour time frames.
The short moving average (blue) is above the long moving average (red).
Action: Open a long position (Buy) and set a stop-loss below the last swing low.
Scenario 2: Bearish Trend

Sell Volume is high on 1-hour and 4-hour time frames.
The short moving average (blue) is below the long moving average (red).
Action: Open a short position (Sell) and set a stop-loss above the last swing high.