RSI VWAP POC [Uncle Sam Trading]Category: Oscillators, Volume, Market Profile
Timeframe: Suitable for all timeframes
Markets: Crypto, Forex, Stocks, Commodities
Overview
The RSI VWAP POC indicator is a powerful and innovative oscillator that combines the Relative Strength Index (RSI), Volume-Weighted Average Price (VWAP), and Point of Control (POC) from market profile analysis. Designed to provide traders with clear, high-probability trading signals, this indicator helps you identify key market levels, spot overbought/oversold conditions, and time your entries and exits with precision. Whether you’re a day trader, swing trader, or scalper, this free tool adds significant value to your trading strategy by offering a unique blend of momentum, volume, and market profile insights.
How It Works
This indicator integrates three core components to deliver actionable insights:
RSI (Relative Strength Index): Measures momentum to identify overbought (above 70) and oversold (below 30) conditions, helping you anticipate potential reversals.
VWAP (Volume-Weighted Average Price): Calculates a volume-weighted price benchmark, which is used to compute a more accurate, volume-sensitive RSI. This ensures the indicator reflects true market dynamics.
POC (Point of Control): Derived from market profile analysis, the POC represents the price level with the highest traded volume in a session, acting as a critical support or resistance level.
The indicator plots a smoothed RSI based on VWAP, overlaid with market profile data on a user-defined higher timeframe (default: 4H). The POC is displayed as a red line, with aqua bars indicating the value area where the majority of trading volume occurred. When the RSI crosses the POC, the indicator generates clear buy and sell signals:
Strong Buy (SBU): RSI crosses above the POC in an oversold zone.
Strong Sell (SBD): RSI crosses below the POC in an overbought zone.
Additional features include:
Background colors to highlight bullish (green) or bearish (red) trends.
Shaded zones for overbought (70/60) and oversold (30/40) levels.
Customizable settings to fit your trading style and timeframe.
How This Indicator Adds Value
The RSI VWAP POC indicator offers several key benefits that enhance your trading performance:
High-Probability Signals: By combining RSI, VWAP, and POC, this indicator identifies trades at key market levels where price is likely to react, increasing your win rate.
Improved Timing: Clear buy and sell signals, such as ‘SBU’ and ‘SBD’, help you enter and exit trades at optimal points, maximizing profitability.
Risk Management: Overbought/oversold zones and trend confirmation via background colors help you avoid false signals, protecting your capital.
Versatility: Suitable for all markets (crypto, forex, stocks) and timeframes, making it a valuable tool for traders of all experience levels.
Time Efficiency: The indicator does the heavy lifting by analyzing momentum, volume, and market profile data, allowing you to focus on executing trades.
Real-World Performance Example: On a 1-hour Bitcoin chart with a 4-hour higher timeframe, this indicator identified a strong sell signal on April 6th at 12:00 ($82,000), leading to a 9% drop to $74,600. A subsequent strong buy signal on April 7th at 04:00 ($76,200) captured a 6% rise to $81,200 – a potential 25% profit with 5x leverage if exited at 5%.
How to Use
Add the Indicator: Search for “RSI VWAP POC ” in TradingView’s indicator library and add it to your chart.
Set Your Timeframe: The indicator works on any timeframe but is optimized for a 1-hour chart with a 4-hour higher timeframe (set in the settings).
Interpret Signals:
Look for ‘SBU’ (strong buy) labels when the RSI crosses above the POC in an oversold zone, indicating a potential buying opportunity.
Look for ‘SBD’ (strong sell) labels when the RSI crosses below the POC in an overbought zone, signaling a potential selling opportunity.
Use the background colors (green for bullish, red for bearish) to confirm the trend.
Combine with Your Strategy: Use the indicator alongside your existing analysis (e.g., support/resistance, candlestick patterns) for best results.
Settings and Customization
The indicator is highly customizable to suit your trading needs:
RSI Length (Default: 14): Adjust the sensitivity of the RSI. Use a shorter length (e.g., 10) for scalping, or a longer length (e.g., 20) for smoother signals.
EMA Smoothing Length (Default: 3): Smooths the RSI line. Increase to 5 or 7 for less choppy signals in volatile markets.
Higher Timeframe (Default: 240 minutes): Set to 240 (4 hours) for a 1-hour chart. Adjust based on your chart’s timeframe (e.g., 60 minutes for a 15-minute chart).
Value Area Percentage (Default: 100%): Defines the size of the value area around the POC. Lower to 70% for a tighter focus on key levels.
Overbought/Oversold Thresholds (Defaults: 70/30): Adjust these levels to match market conditions (e.g., 80/20 for trending markets).
Show POC Line (Default: True): Toggle the red POC line on or off.
Show Buy/Sell Signals: Enable ‘Show Strong Breakup Signals’ and ‘Show Strong Breakdown Signals’ to focus on high-probability trades.
Why Choose This Indicator?
The RSI VWAP POC indicator stands out by offering a unique combination of momentum, volume, and market profile analysis in a single, easy-to-use tool. It’s designed to help traders of all levels make informed decisions, reduce risk, and increase profitability. Whether you’re trading Bitcoin, forex pairs, or stocks, this indicator provides the clarity and precision you need to succeed.
在腳本中搜尋"point of control"
volume profile ranking indicator📌 Introduction
This script implements a volume profile ranking indicato for TradingView. It is designed to visualize the distribution of traded volume over price levels within a defined historical window. Unlike TradingView’s built-in Volume Profile, this script gives full customization of the profile drawing logic, binning, color gradient, and the ability to anchor the profile to a specific date.
⚙️ How It Works (Logic)
1. Inputs
➤POC Lookback Days (lookback): Defines how many bars (days) to look back from a selected point to calculate the volume distribution.
➤Bin Count (bin_count): Determines how many price bins (horizontal levels) the price range will be divided into.
➤Use Custom Lookback Date (useCustomDate): Enables/disables manually selecting a backtest start date.
➤Custom Lookback Date (customDate): When enabled, the profile will calculate volume based on this date instead of the most recent bar.
2. Target Bar Determination
➤If a custom date is selected, the script searches for the bar closest to that date within 1000 bars.
➤If not, it defaults to the latest bar (bar_index).
➤The profile is drawn only when the current bar is close to the target bar (within ±2 bars), to avoid unnecessary recalculations and performance issues.
3. Volume Binning
➤The price range over the lookback window is divided into bin_count segments.
➤For each bar within the lookback window, its volume is added to the appropriate bin based on price.
➤If the price falls outside the expected range, it is clamped to the first or last bin.
4. Ranking and Sorting
➤A bubble sort ranks each bin by total volume.
➤The most active bin (POC, or Point of Control) is highlighted with a thicker bar.
5. Rendering
➤Horizontal bars (line.new) represent volume intensity in each price bin.
➤Each bar is color-coded by volume heat: more volume = more intense color.
➤Labels (label.new) show:
➤Total volume
➤Rank
➤Percentage of total volume
➤Price range of the bin
🧑💻 How to Use
1. Add the Script to Your Chart
➤Copy the code into TradingView’s Pine Script editor and add it to your chart.
2. Set Lookback Period
➤Default is 252 bars (about one year for daily charts), but can be changed via the input.
3. (Optional) Use Custom Date
●Toggle "Use Custom Lookback Date" to true.
➤Pick a date in the "Custom Lookback Date" input to anchor the profile.
4. Analyze the Volume Distribution
➤The longest (thickest) red/orange bar represents the Point of Control (POC) — the price with the most volume traded.
➤Other bars show volume distribution across price.
➤Labels display useful metrics to evaluate areas of high/low interest.
✅ Features
🔶 Customizable anchor point (custom date).
🔶Adjustable bin count and lookback length.
🔶 Clear visualization with heatmap coloring.
🔶 Lightweight and performance-optimized (especially with the shouldDrawProfile filter)
Casa_VolumeProfileSessionLibrary "Casa_VolumeProfileSession"
Analyzes price and volume during regular trading hours to provide a session volume profile,
including Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL).
Calculates and displays these levels historically and for the developing session.
Offers customizable visualization options for the Value Area, POC, histogram, and labels.
Uses lower timeframe data for increased accuracy and supports futures sessions.
The number of rows used for the volume profile can be fixed or dynamically calculated based on the session's price range and the instrument's minimum tick increment, providing optimal resolution.
calculateEffectiveRows(configuredRows, dayHigh, dayLow)
Determines the optimal number of rows for the volume profile, either using the configured value or calculating dynamically based on price range and tick size
Parameters:
configuredRows (int) : User-specified number of rows (0 means auto-calculate)
dayHigh (float) : Highest price of the session
dayLow (float) : Lowest price of the session
Returns: The number of rows to use for the volume profile
debug(vp, position)
Helper function to write some information about the supplied SVP object to the screen in a table.
Parameters:
vp (Object) : The SVP object to debug
position (string) : The position.* to place the table. Defaults to position.bottom_center
getLowerTimeframe()
Depending on the timeframe of the chart, determines a lower timeframe to grab volume data from for the analysis
Returns: The timeframe string to fetch volume for
get(volumeProfile, lowerTimeframeHigh, lowerTimeframeLow, lowerTimeframeVolume, lowerTimeframeTime, lowerTimeframeSessionIsMarket)
Populated the provided SessionVolumeProfile object with vp data on the session.
Parameters:
volumeProfile (Object) : The SessionVolumeProfile object to populate
lowerTimeframeHigh (array) : The lower timeframe high values
lowerTimeframeLow (array) : The lower timeframe low values
lowerTimeframeVolume (array) : The lower timeframe volume values
lowerTimeframeTime (array) : The lower timeframe time values
lowerTimeframeSessionIsMarket (array) : The lower timeframe session.ismarket values (that are futures-friendly)
drawPriorValueAreas(todaySessionVolumeProfile, extendYesterdayOverToday, showLabels, labelSize, pocColor, pocStyle, pocWidth, vahlColor, vahlStyle, vahlWidth, vaColor)
Given a SessionVolumeProfile Object, will render the historical value areas for that object.
Parameters:
todaySessionVolumeProfile (Object) : The SessionVolumeProfile Object to draw
extendYesterdayOverToday (bool) : Defaults to true
showLabels (bool) : Defaults to true
labelSize (string) : Defaults to size.small
pocColor (color) : Defaults to #e500a4
pocStyle (string) : Defaults to line.style_solid
pocWidth (int) : Defaults to 1
vahlColor (color) : The color of the value area high/low lines. Defaults to #1592e6
vahlStyle (string) : The style of the value area high/low lines. Defaults to line.style_solid
vahlWidth (int) : The width of the value area high/low lines. Defaults to 1
vaColor (color) : The color of the value area background. Defaults to #00bbf911)
drawHistogram(volumeProfile, bgColor, showVolumeOnHistogram)
Given a SessionVolumeProfile object, will render the histogram for that object.
Parameters:
volumeProfile (Object) : The SessionVolumeProfile object to draw
bgColor (color) : The baseline color to use for the histogram. Defaults to #00bbf9
showVolumeOnHistogram (bool) : Show the volume amount on the histogram bars. Defaults to false.
Object
Object Contains all settings and calculated values for a Volume Profile Session analysis
Fields:
numberOfRows (series int) : Number of price levels to divide the range into. If set to 0, auto-calculates based on price range and tick size
valueAreaCoverage (series int) : Percentage of total volume to include in the Value Area (default 70%)
trackDevelopingVa (series bool) : Whether to calculate and display the Value Area as it develops during the session
valueAreaHigh (series float) : Upper boundary of the Value Area - price level containing specified % of volume
pointOfControl (series float) : Price level with the highest volume concentration
valueAreaLow (series float) : Lower boundary of the Value Area
startTime (series int) : Session start time in Unix timestamp format
endTime (series int) : Session end time in Unix timestamp format
dayHigh (series float) : Highest price of the session
dayLow (series float) : Lowest price of the session
step (series float) : Size of each price row (calculated as price range divided by number of rows)
pointOfControlLevel (series int) : Index of the row containing the Point of Control
valueAreaHighLevel (series int) : Index of the row containing the Value Area High
valueAreaLowLevel (series int) : Index of the row containing the Value Area Low
lastTime (series int) : Tracks the most recent timestamp processed
volumeRows (map) : Stores volume data for each price level row (key=row number, value=volume)
ltfSessionHighs (array) : Stores high prices from lower timeframe data
ltfSessionLows (array) : Stores low prices from lower timeframe data
ltfSessionVols (array) : Stores volume data from lower timeframe data
TPO IQ [TradingIQ]Hello Traders!
Introducing "TPO IQ"!
TPO IQ offers a Time Price Opportunity profile with several customization options that packs several related features to help traders navigate the generated profiles!
Features
TPO Profiles
Single Print identification
Initial Balance Identification
Can be anchored to timeframe change
Can be anchored to fixed time interval
Last profile detailed visuals
Customizable value area percentage
POC identification
Mid-point identification
TPO Profiles
A TPO profile is a market profile visualization that details how much time was spent at each price level throughout the time interval.
The image above further explains what a TPO Profile is!
Each letter corresponds to a candlestick. With this information, traders are able to visualize how much time was spent at each price area.
With customizable gradient colors, specifically in this example, blocks colored red are the earliest times in the profile, blocks colored green are in the beginning half of the time midpoint of the profile. Blue blocks represent the first half of the end of the time period, and purple blocks correspond to the end of the time period.
Please note that this form of TPO profile generation will only occur when the most recent profile uses less than 500 alphabet characters! If more than 500 characters are preset, TPO IQ will revert to using labels!
Initial Balance
TPO IQ also identifies the initial balance range and all alphabet characters that form within it!
The image above exemplifies this feature. The initial balance range is denoted by a a neon-blue line, with a blue circle showing the opening price. All characters within the initial balance range are highlighted blue, which is a feature that can be disabled with customizable colors.
POC
TPO IQ also identifies the point of control (POC) of the TPO Profile.
The point of control for the profile is labeled yellow by default, and shows where price spent the most time throughout the time period.
The image above shows the POC for the time period being identified by TPO IQ.
Value Area
TPO IQ also identifies the value area of the profile. A customizable percentage that is 70% by default, the value area of a TPO profile shows where price traded the majority of the time.
The image above further explains this feature. For this example, with the value area percentage being set to 70%, the value area high and value area low show the price zone that prices traded at 70% of the time throughout the profile.
TPO Midpoint
In addition to the POC, the TPO profile midpoint is also identified by TPO IQ.
The TPO midpoint simply corresponds to the middle price between the session's high and low!
Fixed Interval Mode
By default, TPO IQ recalculates every day, but this can also be changed to a customizable session time, such as 4 hours. If 4 hours is selected, then a new TPO profile will be generated every 4 hours.
However, in Fixed Interval mode, a TPO profile will be generated through a user-defined time range, such as 1300-1700.
In the image above, Fixed Interval mode is applied with a time range of 1300-1700 and, consequently, TPO IQ generates a new profile throughout every 1300-1700 time range!
This feature allows traders to specify time ranges of interest to generate TPO profiles for!
TPO Overview Label
The TPO overview label shows key statistics for the TPO profile generated throughout the trading session!
The "TPO Count" statistic shows how many alphabetical letters were generated for the profile, which is an adequate method to determine the session's volatility and price range.
The "Tick Levels" statistic shows how many tick levels were used to create the profile - another method to determine the volatility and price range of the session.
The "Top Letter" statistic shows which letter appears most throughout the profile. In this example, the top letter was "f", which means throughout creation of the profile, the letter "f" appeared the most!
And that's all for now!
If you have any feedback or new feature ideas for TPO IQ please feel free to share them with us!
Thank you traders!
Weighted Volume Profile | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Weighted Volume Profile Indicator! This indicator renders a volume profile based on the volume of latest candlesticks. It can be adjusted to give more weight to recent or past candlesticks, or can be used as a normal volume profile. For more information, please read the full write-up.
Features of the new Weighted Volume Profile indicator :
Renders Volume Profile Of Current Ticker
Adjustable Weighthing Towards Past or Recent
Customizable Row Count & Maximum Distance
Left or Right Alignment
More Styling Options
🚩UNIQUENESS
This indicator differs from a normal volume profile indicator by it's ability to weight volumes based on their distance to the current time. Giving weight to volumes may offer new trading opportunities to traders as they can now see the most recent Point Of Control (POC) or a more powerful but past POC based on their choice. The indicator also has a variety of useful styling settings such as aligning the volume profile to the right or the left of the chart, POC Line styling and color settings for bullish & bearish volumes.
📌 HOW DOES IT WORK ?
A volume profile provides an in-depth look at trading activity over a period of time by plotting a histogram on the price axis. This indicator can also give weight to volumes based on their distance to the current time, essentially determining their importance for the profile. Here is how it works step-by-step :
1. Determine how much candlesticks the volume profile will cover (Analyze Bars setting)
2. Make a range from the highest point of chart to the lowest point of chart, then divide it into rows (Row Count setting)
3. For each candlestick, add it's volume to the corresponding row in the range. Note that the volume can be added into several rows if it overlaps with them.
4. If the candlestick is a bullish candlestick, we add it's volume into the bullish volume of the row, if it's a bearish candlestick, we add it to the bearish volume of the row.
With the weighted volume mode, which is activated if "Volume Weighthing" setting is set to "Recent" or "Past", all volumes get a penalty based on their distance to the latest candletstick. For example, if the setting is set to "Recent", the latest candlestick contributes it's volume by 100% to the corresponding row, but the candlestick which is 50 candlesticks far from the current candlestick only contributes it's volume by ~17% to the row. The same applies to the "Past" setting, but in the reversed order, where past candlesticks have more priority than the current ones.
Volume contribution percent for "Recent" setting : ((100 * 0.85) / (i + 1)) + (100 * (1.0 - 0.85))
Volume contribution percent for "Past" setting : ((100 * 0.85) * ((i + 1) / N)) + (100 * (1.0 - 0.85))
Where i = candlestick index from right to left, N = total number of candlesticks analyzed by the volume profile.
The Point Of Control (POC) line is drawn from the row with the most total volume, and is generally considered as a strong level because a lot of trading volume happened on that particular row. Traders may use this line as a support & resistance level.
Traders can use this indicator to have an insight of areas which price moves quickly without much volume, or see areas that holds the price still for much longer and plan their trades accordingly.
⚙️SETTINGS
1. General Configuration
Analyze Bars -> Total amount of bars that will be analyzed by the indicator from right to left.
Row Count -> The amount of rows that will the vertical range of chart will be divided into.
Volume Weighting -> The volume weighting mode as explained in the write-up.
2. Style
Align To -> The alignment of the volume profile.
Depth of Market (DOM) [LuxAlgo]The Depth Of Market (DOM) tool allows traders to look under the hood of any market, taking price and volume analysis to the next level. The following features are included: DOM, Time & Sales, Volume Profile, Depth of Market, Imbalances, Buying Pressure, and up to 24 key intraday levels (it really packs a punch).
As a disclaimer, this tool does not use tick data, it is a DOM reconstruction from the provided real-time time series data (price and volume). So the volume you see is from filled orders only, this tool does not show unfilled limit orders.
Traders can enable or disable any of the features at will to avoid being overwhelmed with too much information and to make the tool perform faster.
The features that have the biggest impact on performance are Historical Data Collection, Key Levels (POC & VWAP), Time & Sales, Profile, and Imbalances. Disable these features to improve the indicator computational performance.
🔶 DOM
This is the simplest form of the tool, a simple DOM or ladder that displays the following columns:
PRICE: Price level
BID: Total number of market sell orders filled or limit buy orders filled.
SELL: Sell market orders
BUY: Buy market orders
ASK: Total number of market buy orders filled or limit sell orders filled.
The DOM only collects historical data from the last 24 hours and real-time data.
Traders can select a reset period for the DOM with two options:
DAILY: Resets at the beginning of each trading day
SESSIONS: Resets twice, as DAILY and 15.5 hours later, to coincide with the start of the RTH session for US tickers.
The DOM has two main modes, it can display price levels as ticks or points. The default is automatic based on the current daily volatility, but traders can manually force one mode or the other if they wish.
For convenience, traders have the option to set the number of lines (price levels), and the size of the text and to display only real-time data.
By default, the top price is set to 0 so that the DOM automatically adjusts the price levels to be displayed, but traders can set the top price manually so that the tool displays only the desired price levels in a fixed manner.
🔹 Volume Profile
As additional features to the basic DOM, traders have access to the volume profile histogram and the total volume per price level.
This helps traders identify at a glance key price areas where volume is accumulating (high volume nodes) or areas where volume is lacking (low volume nodes) - these areas are important to some traders who base their decision-making process on them.
🔹 Imbalances
Other added features are imbalances and buying pressure:
Interlevel Imbalance: volume delta between two different price levels
Intralevel Imbalance: delta between buy and sell volume at the same price level
Buying Pressure Percent: percentage of buy volume compared to total volume
Imbalances can help traders identify areas of interest in the price for possible support or resistance.
🔹 Depth
Depth allows traders to see at a glance how much supply is above the current price level or how much demand is below the current price level.
Above the current price level shows the cumulative ask volume (filled sell limit orders) and below the current price level shows the cumulative bid volume (filled buy limit orders).
🔶 KEY LEVELS
The tool includes up to 24 different key intraday levels of particular relevance:
Previous Week Levels
PWH: Previous week high
PWL: Previous week low
PWM: Previous week middle
PWS: Previous week settlement (close)
Previous Day Levels
PDH: Previous day high
PDL: Previous day low
PDM: Previous day middle
PDS: Previous day settlement (close)
Current Day Levels
OPEN: Open of day (or session)
HOD: High of day (or session)
LOD: Low of day (or session)
MOD: Middle of day (or session)
Opening Range
ORH: Open range high
ORL: Open range low
Initial Balance
IBH: Initial balance high
IBL: Initial balance low
VWAP
+3SD: Volume weighted average price plus 3 standard deviations
+2SD: Volume weighted average price plus 2 standard deviations
+1SD: Volume weighted average price plus 1 standard deviation
VWAP: Volume weighted average price
-1SD: Volume weighted average price minus 1 standard deviation
-2SD: Volume weighted average price minus 2 standard deviations
-3SD: Volume weighted average price minus 3 standard deviations
POC: Point of control
Different traders look at different levels, the key levels shown here are objective and specific areas of interest that traders can act on, providing us with potential areas of support or resistance in the price.
🔶 TIME & SALES
The tool also features a full-time and sales panel with time, price, and size columns, a size filter, and the ability to set the timezone to display time in the trader's local time.
The information shown here is what feeds the DOM and it can be useful in several ways, for example in detecting absorption. If a large number of orders are coming into the market but the price is barely moving, this indicates that there is enough liquidity at these levels to absorb all these orders, so if these orders stop coming into the market, the price may turn around.
🔶 SETTINGS
Period: Select the anchoring period to start data collection, DAILY will anchor at the start of the trading day, and SESSIONS will start as DAILY and 15.5 hours later (RTH for US tickers).
Mode: Select between AUTO and MANUAL modes for displaying TICKS or POINTS, in AUTO mode the tool will automatically select TICKS for tickers with a daily average volatility below 5000 ticks and POINTS for the rest of the tickers.
Rows: Select the number of price levels to display
Text Size: Select the text size
🔹 DOM
DOM: Enable/Disable DOM display
Realtime only: Enable/Disable real-time data only, historical data will be collected if disabled
Top Price: Specify the price to be displayed on the top row, set to 0 to enable dynamic DOM
Max updates: Specify how many times the values on the SELL and BUY columns are accumulated until reset.
Profile/Depth size: Maximum size of the histograms on the PROFILE and DEPTH columns.
Profile: Enable/Disable Profile column. High impact on performance.
Volume: Enable/Disable Volume column. Total volume traded at price level.
Interlevel Imbalance: Enable/Disable Interlevel Imbalance column. Total volume delta between the current price level and the price level above. High impact on performance.
Depth: Enable/Disable Depth, showing the cumulative supply above the current price and the cumulative demand below. Impact on performance.
Intralevel Imbalance: Enable/Disable Intralevel Imbalance column. Delta between total buy volume and total sell volume. High impact on performance.
Buying Pressure Percent: Enable/Disable Buy Percent column. Percentage of total buy volume compared to total volume.
Imbalance Threshold %: Threshold for highlighting imbalances. Set to 90 to highlight the top 10% of interlevel imbalances and the top and bottom 10% of intra-level imbalances.
Crypto volume precision: Specify the number of decimals to display on the volume of crypto assets
🔹 Key Levels
Key Levels: Enable/Disable KEY column. Very high performance impact.
Previous Week: Enable/Disable High, Low, Middle, and Close of the previous trading week.
Previous Day: Enable/Disable High, Low, Middle, and Settlement of the previous trading day.
Current Day/Session: Enable/Disable Open, High, Low and Middle of the current period.
Open Range: Enable/Disable High and Low of the first candle of the period.
Initial Balance: Enable/Disable High and Low of the first hour of the period.
VWAP: Enable/Disable Volume-weighted average price of the period with 1, 2, and 3 standard deviations.
POC: Enable/Disable Point of Control (price level with the highest volume traded) of the period.
🔹 Time & Sales
Time & Sales: Enable/Disable time and sales panel.
Timezone offset (hours): Enter your time zone\'s offset (+ or −), including a decimal fraction if needed.
Order Size: Set order size filter. Orders smaller than the value are not displayed.
🔶 THANKS
Hi, I'm makit0 coder of this tool and proud member of the LuxAlgo Opensource team, it's an honor to be part of the LuxAlgo family doing something I love as it's writing opensource code and sharing it with the world. I'd like to thank all of you who use, comment on, and vote for all of our open-source tools, and all of you who give us your support.
And of course thanks to the PineCoders family for all the work in front of and behind the scenes that makes the PineScript community what it is, simply the best.
Peace, Love & PineScript!
Volume Profile Histogram [SS]I usually (and by usually, I mean the past year xD) release a significant indicator as my Christmas gift to the community on Christmas Eve. Last year, it was the Z-Score buy and sell signal; this year, it's something a little more conventional. So here is this year’s gift—hope you like it! 🎁
Seems like everyone has their take on Volume Profiles (aka SVP or VSP). I decided to create one, and in true Steversteves fashion, you can expect to find all the goodies that come with most of my stuff, including a volume profile presented in a bell-curve/histogram style (chart above) and statistical frequency tables showing the cases by ranges:
And it wouldn't be a true Steversteves indicator without some kind of ATR thing:
So, what does it do?
At the end of the day, it is a form of an SVP indicator. However, it is meant to operate on a larger scale, sorting volume in a traditional bell-curve style. In addition to displaying volume, it breaks down buying vs. selling volume. Selling volume is classified as such when the open is greater than close, while buying is when close is greater than open. This breakdown allows you to see the distribution, by price range, of where selling and buying occur.
This permits the indicator to provide 2 Points of Control (POCs). A POC is defined as an area of high volume activity. Because buying and selling volumes are broken down into two, we can identify areas with high selling and areas with high buying. Sometimes they coincide, sometimes they differ.
If we look at SQQQ, for example:
We can see that the bearish point of control is one point below the bullish POC. This is interesting because it essentially shows where people may be "panic selling" or setting their stop-outs. If SQQQ drops below 18.8, then it's likely to trigger panic selling, as indicated by the histogram.
Conversely, we can observe that traders tend to position long between $18 and $24. The POC is noted in the stats table and also displayed on the chart. Bullish POC is shown in purple, bearish in yellow. These, of course, can be toggled off.
The Frequency Table:
The frequency table shows how many observations were obtained in each price range. The histogram illustrates the cumulative volume traded, while the frequency simply counts how many cases occurred over the lookback period.
ATR Range Analytics by Volume:
The indicator also has the ability to display range analytics by volume. When you toggle on the range analytics by volume option, a range chart will appear:
www.tradingview.com
The range chart goes from the minimum recorded volume to the maximum recorded volume in the period, showing the average range and direction associated with this volume. This is crucial to pay attention to because not all stocks behave the same way.
For example, in the chart above (AMD), we can see that low volume produces a general bearish bias, and high volume produces a general bullish bias. However, if we look at the range analytics for SPY:
Low volume has the inverse effect. Low volume is associated with a more bullish bias, and high volume indicates a more bearish bias. In the ATR chart, the threshold volume to transition from bullish bias to bearish bias is approximately > 78,607,268 traded shares.
The Stats Table:
The stats table can be toggled on or off. It simply displays the POCs and the time range for the VSP. The default time range is 1 trading year (252 days), assuming you are on the daily timeframe. However, you can use this on any timeframe.
The percentages displayed in the histogram is the cumulative percent of buying and selling volume independently. So when you see the percentage on the selling histogram, its the percent of cumulative selling only. Same for the buying.
And that's the indicator! I hope you enjoy it. Let me know your thoughts. I hope you all have safe holidays, a Merry Christmas for you North Americans, and a Happy Christmas for you UKers, and whatever else you celebrate/care about and do! Safe trades, everyone, and enjoy your holidays! 🎁🎄🎄🎄⭐⭐⭐ 🕎 🕎 🕎
Supply Demand Profiles [LuxAlgo]The Supply Demand Profiles is a charting tool that measures the traded volume at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, in other words, highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
In other words, this tool highlights key concepts as significant supply & demand zones, the distribution of the traded volume, and market sentiment at specific price levels within a specified time period, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
Besides having the tool as a combo tool, the uniqueness of this version of the tool compared to its early versions is its ability to benefit from different volume data sources and its ability to use a variety of different polarity methods, where polarity is a measure used to divide the total volume into either up volume (trades that moved the price up) or down volume (trades that moved the price down).
🔶 USAGE
Supply & demand zones are presented as horizontal zones across the selected range, hence adding the ability to visualize the price interaction with them
By default, the right side of the profile is the volume profile which highlights the distribution of the traded activity at different price levels, emphasizing the value area, the range of price levels in which the specified percentage of all volume was traded during the time period, and levels of significance, such as developing point of control line, value area high/low lines, and profile high/low labels
The left side of the profile is the sentiment profile which highlights the market sentiment at specific price levels
🔶 DETAILS
🔹 Volume data sources
The users have the option to select volume data sources as either 'volume' (regular volume) or 'volume delta', where volume represents all the recorded trades that occur at a given bar and volume delta is the difference between the buying and the selling volume, that is, the net demand at a given bar
🔹 Polarity methods
The users are able to choose the methods of how the tool to take into consideration the polarity of the bar (the direction of a bar, green (bullish) or red (bearish) bar) among a variety of different options, such as 'bar polarity', 'bar buying/selling pressure', 'intrabar (chart bars at a lower timeframe than the chart's) polarity', 'intrabar buying/selling pressure', and 'heikin ashi bar polarity'.
Finally, the interactive mode of the tool is activated, as such users can easily modify the intervals of their interest just by selecting the indicator and moving the points on the chart
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles and zones
🔹 Calculation Settings
Volume Data Source and Polarity: This option is to set the desired volume data source and polarity method
Lower Timeframe Precision: This option is applicable in case any of the 'Intrabar (LTF)' options are selected, please check the tooltip for further details
Value Area Volume %: Specifies the percentage for the value area calculation
🔹 Presentation Settings
Supply & Demand Zones: Toggles the visibility of the supply & demand zones
Volume Profile: Toggles the visibility of the volume profile
Sentiment Profile: Toggles the visibility of the sentiment profile
🔹 Presentation, Others
Value Area High (VAH): Toggles the visibility of the VAH line and color customization option
Point of Control (POC): Toggles the visibility of the developing POC line and color customization option
Value Area Low (VAL): Toggles the visibility of the VAL line and color customization option
🔹 Supply & Demand, Others
Supply & Demand Threshold %: This option is used to set the threshold value to determine supply & demand zones
Supply/Demand Zones: Color customization option
🔹 Volume Profile, Others
Profile, Up/Down Volume: Color customization option
Value Area, Up/Down Volume: Color customization option
🔹 Sentiment Profile, Others
Sentiment, Bullish/Bearish: Color customization option
Value Area, Bullish/Bearish: Color customization option
🔹 Others
Number of Rows: Specify how many rows the profile will have
Placment: Specify where to display the profile
Profile Width %: Alters the width of the rows in the profile, relative to the profile range
Profile Price Levels: Toggles the visibility of the profile price levels
Profile Background, Color: Fills the background of the profile range
Value Area Background, Color: Fills the background of the value area range
Start Calculation/End Calculation: The tool is interactive, where the user may modify the range by selecting the indicator and moving the points on the chart or can set the start/end time using these options
🔶 RELATED SCRIPTS
Volume-Profile
Volume-Profile-Maps
Volume-Delta
Price Range Volume Profile [Pt]█ Introduction
The Price Range Volume Profile (PRVP) is a revolutionary indicator. This tool stands out from its peers due to its unique ability to capture the entire price chart history, thus providing a comprehensive volume profile of the entire asset's trading history, as available on TradingView chart. It's worth noting that I believe this tool is the first of its kind to accomplish such a feat. A much recommended tool if you are a volume profile trader.
█ Main Features
► Historical Lookback: This feature dives deep into the past, grasping all the historical data of an asset. It's equipped to handle up to 20,000 bars, although users without a premium TradingView account are advised to keep it at a maximum of 10,000 bars, or just use the "Full Historical Lookback" feature.
► Volume Profile / POC: Displays the distribution of volume across price levels for the selected price range. The Point of Control (POC), which is the price level with the highest traded volume, is also highlighted.
► Customization: Users have the flexibility to adjust the profile's appearance, including profile width, horizontal offset, and the option to fill the background of the profile range.
► Time Weighting: This feature allows users to give more weight to recent trading activity, which can be especially useful for intraday traders or during times of high volatility. Note that this feature will impact the volume profile and POC level.
► Settings Table: A settings table is displayed on the chart for users to quickly reference their input parameters.
█ Input Parameters
► Lookback Timeframe: Determines the period for which the volume profile is generated.
► Price Range: The percentage distance to consider for the profile, adjusted above and below the current closing price.
► Profile Step size: The granularity of the volume profile. Users can opt for automatic step size based on a predefined calculation or set their preferred tick step size.
► Historical Bars Lookback: Determines the number of bars to include in the volume profile calculation.
► Profile Visuals: Adjust the appearance and layout of the volume profile on the chart.
► Extra: Additional settings including the display of a settings table and its location.
█ Basic Understanding of Volume Profile - How to use PRVP?
Volume Profile is a valuable tool for traders who want insights into where the majority of trading activity has occurred. Here are some tips to make the most of it:
► Understand the Basics: Before using the Volume Profile, ensure you understand the difference between it and the standard volume histogram. While both represent volume, the former displays it against price while the latter shows it against time.
► Identify High Volume Nodes (HVN) and Low Volume Nodes (LVN):
◊ HVN: Areas where there's a lot of trading activity and where the price has spent a lot of time. These areas can act as strong support or resistance.
◊ LVN: Areas where there's a lack of trading activity. Prices might move quickly through these areas, and they can act as potential breakpoints or accelerators for price movement.
► Locate the Point of Control (POC): This is the price level with the highest traded volume for a specified period. It often acts as a magnet for price, and it can serve as a pivot or reference point.
► Trend Confirmation: A shift in the volume profile from one price level to another can confirm a trend. For instance, if higher volume starts to build at higher price levels, it may indicate a strong uptrend.
► Watch for Volume Gaps: If there's a significant gap in the volume profile, prices may move quickly through these levels as there's little historical trading activity to act as support or resistance.
█ Other Usage Tips
◊ For optimal performance, ensure that the chosen timeframe aligns closely with the chart timeframe. Differences in timeframes may lead to minor discrepancies in the volume profile.
◊ To address any errors arising from too many levels displayed on the volume profile, consider increasing the Profile Step size or reducing the Price Range.
[potatoshop] Volume Profile lower timeframeThis script is a volume profile that displays the volume of transactions in price blocks over a recent period of time.
For a more detailed representation, OHCLV values on the time frame lower than the time zone on the chart were called and expressed.
Low time frames are adjustable.
You can adjust the number of blocks and the most recent time period that you want to view.
Although it cannot be compared to the volume indicators provided for paid users of Trading-View, it has functioned by displaying transactions that are difficult to find on open source.
Displays the amount traded in each block and the percentage of the total over a given period.
POC represents the middle value of the block with the highest transaction volume as a line.
TPOC represents the block that stayed the longest regardless of the volume of transaction.
The reversal line appears when you determine the trading advantage of the rising and falling closing on a block basis and then have a different value from the neighboring blocks.
(I didn't mean it much, but I just put it in for fun.)
It represents the total volume of transactions traded in each block, and there are also check boxes in the settings window that represent the volume of transactions that closed higher and closed lower.
You can specify the color of each block.
The highest and lowest values for the set period and the total sum of each block are displayed at the bottom of the box.
Because it was made using a lot of arrays, the total transaction volume was marked separately to check the value.
When expressing the price block according to the trading volume percentage, it was a pity that the minimum pixel was 1 bar, so it could not be expressed delicately.
Although set to bar_time in Box properties xloc, 1 bar was actually the minimum unit of the X-axis value.
The logic used to place the transaction volume for each block is as follows.
1. Divide the difference between the high and low values of 1 LTF bar by the transaction volume .
2. Find the percentage of this LTF bar within each block.
3. Multiply the ratio by the transaction volume again.
4. Store the value in each block cell.
Below are the codes of the people I referred to this time.
1. ‘Time & volume point of control (TPOC & VPOC)’ by quantifytools
2. ‘Volume Profile ’ by LuxAlgo
3. ‘Volume Profile and Volume Indicator by DGT’ by dgtrd
The script is for informational and educational purposes only.
이 스크립트는 최근 일정 기간동안의 거래량을 가격 블록단위로 표시해 주는 볼륨 프로화일입니다.
좀 더 자세한 표현을 위해 차트상의 시간대보다 낮은 시간 프레임상의 OHCLV 값들을 호출하여 표현하였습니다.
낮은 시간 프레임은 조절 가능합니다..
보고 싶은 최근 일정 기간과 블럭 갯수를 조절할 수 있습니다.
트뷰 유료 사용자들을 위해 제공하는 지표와는 비교할 수는 없지만, 오픈 소스상에서는 찾기 힘든 거래량을 표시해 기능을 넣었습니다.
각 블럭에서 거래되었던 양 과 주어진 기간 동안의 총량 대비 퍼센트를 표시해 줍니다.
POC는 거래량이 가장 많았던 블럭의 중간값을 라인으로 표현해 줍니다.
TPOC는 거래량에 상관없이 가장 오랜 시간 머물렸던 블럭을 표현해 줍니다.
반전선은 블럭 단위로 상승 마감과 하락 마감의 거래량 우세를 결정한 뒤, 이웃 블럭들하고 다른 값을 가질 때 나타납니다.
(어떤 뜻을 갖고 만든 건 아니고 그냥 재미로 넣어 보았습니다.)
각 블럭에서 거래되었던 총거래량을 표현해 주며, 또한 설정창에서 상승 마감한 거래량과 하락 마감한 거래량을 표현하는 체크 박스가 있습니다.
각 블럭의 색깔을 지정하실 수 있습니다.
설정된 기간 동안의 최고값과 최저값, 각 블럭을 합친 총량을 박스 하단에 표시해 두었습니다.
어레이를 많이 사용하여 만들었기 때문에 값의 확인을 위해 전체 거래량을 따로 표시하였습니다.
가격 블럭을 거래량 퍼센트에 따라 표현할 때, 최소 픽셀이 1bar 이어서 섬세하게 표현 할 수 없어 안타까웠습니다.
박스 속성을 xloc.bar_time 로 설정하였지만 실제로는 1 bar가 X축 값의 최소 단위였습니다.
각 블록 별로 거래량을 배치 할 때 쓰인 로직은 다음과 같습니다.
1. 1 LTF bar의 하이 와 로우 값의 차이를 거래량으로 나누어 줍니다.
2. 각 블록 안에서 이 LTF bar가 차지 하는 비율을 구합니다.
3. 그 비율에 다시 거래량을 곱해 줍니다.
4. 그 값을 각 블록 셀에 저장해 줍니다.
밑에 제가 이번에 참고한 분들의 코드들입니다.
1. ‘Time & volume point of control (TPOC & VPOC)’ by quantifytools
2. ‘Volume Profile ’ by LuxAlgo
3. ‘Volume Profile and Volume Indicator by DGT’ by dgtrd
Volume Profile [LuxAlgo]Displays the estimate of a volume profile, with the option to show a rolling POC (point of control). Users can change the lookback, row size, and various visual aspects of the volume profile.
Settings
Basic:
Lookback: Number of most recent bars to use for the calculation of the volume profile
Row Size: Determines the number of rows used for the calculation of the volume profile
Show Rolling POC: Determines whether to display the rolling POC of the volume profile
Style:
Width (% of the box): Determines the length of the bars relative to the Lookback value
Bar Width: Width of each bar
Flip Histogram: Flips the histogram, when enabled, the histogram base will be located at the most recent candle
Gradient: Allows to color the volume profile bars with a gradient, with a color intensity determined by the length of each bar
Rows Solid Color: Color of each bar when 'Gradient' is disabled
POC Solid Color: Color of the POC when 'Gradient' is disabled
Usage
It is very common to display volume over time in order to visualize the trading activity made over a specific candle, however this is not the only way to display volume and it can be interesting to put it in relation with the price, which is what volume profiles do.
Volume profiles are displayed as price relative histograms showing the accumulated volume within certain price areas, the number of areas are determined by the row size of the volume profile. Knowing which price's area accumulated the most volume allow highlighting areas of interest to market participants.
Most accumulated volume will be encountered in zones of equilibrium between buyers and sellers; that is zones of local price stationarity. These zones are highlighted by high volume nodes in the volume profile. Imbalance between buyers and sellers are highlighted by thinner zones of the volume profile.
The price level with the most accumulated volume is highlighted by the "point of control" (POC), displayed by the dotted line in the indicator.
The POC is often considered an important level, commonly used as support/resistance by traders. One can verify the accuracy of this use case by using the rolling POC (assuming one would use the POC over time as SR).
Indicator Limitations
Volume profiles are calculated using tick data, which is not the case of this estimate, as such you won't have an accurate representation of an actual volume profile.
The rolling POC can introduce time outs in the script computation, use lower lookback and row size value to display it.
Volume Profile [Makit0]VOLUME PROFILE INDICATOR v0.5 beta
Volume Profile is suitable for day and swing trading on stock and futures markets, is a volume based indicator that gives you 6 key values for each session: POC, VAH, VAL, profile HIGH, LOW and MID levels. This project was born on the idea of plotting the RTH sessions Value Areas for /ES in an automated way, but you can select between 3 different sessions: RTH, GLOBEX and FULL sessions.
Some basic concepts:
- Volume Profile calculates the total volume for the session at each price level and give us market generated information about what price and range of prices are the most traded (where the value is)
- Value Area (VA): range of prices where 70% of the session volume is traded
- Value Area High (VAH): highest price within VA
- Value Area Low (VAL): lowest price within VA
- Point of Control (POC): the most traded price of the session (with the most volume)
- Session HIGH, LOW and MID levels are also important
There are a huge amount of things to know of Market Profile and Auction Theory like types of days, types of openings, relationships between value areas and openings... for those interested Jim Dalton's work is the way to come
I'm in my 2nd trading year and my goal for this year is learning to daytrade the futures markets thru the lens of Market Profile
For info on Volume Profile: TV Volume Profile wiki page at www.tradingview.com
For info on Market Profile and Market Auction Theory: Jim Dalton's book Mind over markets (this is a MUST)
BE AWARE: this indicator is based on the current chart's time interval and it only plots on 1, 2, 3, 5, 10, 15 and 30 minutes charts.
This is the correlation table TV uses in the Volume Profile Session Volume indicator (from the wiki above)
Chart Indicator
1 - 5 1
6 - 15 5
16 - 30 10
31 - 60 15
61 - 120 30
121 - 1D 60
This indicator doesn't follow that correlation, it doesn't get the volume data from a lower timeframe, it gets the data from the current chart resolution.
FEATURES
- 6 key values for each session: POC (solid yellow), VAH (solid red), VAL (solid green), profile HIGH (dashed silver), LOW (dashed silver) and MID (dotted silver) levels
- 3 sessions to choose for: RTH, GLOBEX and FULL
- select the numbers of sessions to plot by adding 12 hours periods back in time
- show/hide POC
- show/hide VAH & VAL
- show/hide session HIGH, LOW & MID levels
- highlight the periods of time out of the session (silver)
- extend the plotted lines all the way to the right, be careful this can turn the chart unreadable if there are a lot of sessions and lines plotted
SETTINGS
- Session: select between RTH (8:30 to 15:15 CT), GLOBEX (17:00 to 8:30 CT) and FULL (17:00 to 15:15 CT) sessions. RTH by default
- Last 12 hour periods to show: select the deph of the study by adding periods, for example, 60 periods are 30 natural days and around 22 trading days. 1 period by default
- Show POC (Point of Control): show/hide POC line. true by default
- Show VA (Value Area High & Low): show/hide VAH & VAL lines. true by default
- Show Range (Session High, Low & Mid): show/hide session HIGH, LOW & MID lines. true by default
- Highlight out of session: show/hide a silver shadow over the non session periods. true by default
- Extension: Extend all the plotted lines to the right. false by default
HOW TO SETUP
BE AWARE THIS INDICATOR PLOTS ONLY IN THE FOLLOWING CHART RESOLUTIONS: 1, 2, 3, 5, 10, 15 AND 30 MINUTES CHARTS. YOU MUST SELECT ONE OF THIS RESOLUTIONS TO THE INDICATOR BE ABLE TO PLOT
- By default this indicator plots all the levels for the last RTH session within the last 12 hours, if there is no plot try to adjust the 12 hours periods until the seesion and the periods match
- For Globex/Full sessions just select what you want from the dropdown menu and adjust the periods to plot the values
- Show or hide the levels you want with the 3 groups: POC line, VA lines and Session Range lines
- The highlight and extension options are for a better visibility of the levels as POC or VAH/VAL
THANKS TO
@watsonexchange for all the help, ideas and insights on this and the last two indicators (Market Delta & Market Internals) I'm working on my way to a 'clean chart' but for me it's not an easy path
@PineCoders for all the amazing stuff they do and all the help and tools they provide, in special the Script-Stopwatch at that was key in lowering this indicator's execution time
All the TV and Pine community, open source and shared knowledge are indeed the best way to help each other
IF YOU REALLY LIKE THIS WORK, please send me a comment or a private message and TELL ME WHAT you trade, HOW you trade it and your FAVOURITE SETUP for pulling out money from the market in a consistent basis, I'm learning to trade (this is my 2nd year) and I need all the help I can get
GOOD LUCK AND HAPPY TRADING
Volume Profile Free MAX SLI (50 Levels Value Area VWAP) by RRBVolume Profile Free MAX SLI by RagingRocketBull 2019
Version 1.0
All available Volume Profile Free MAX SLI versions are listed below (They are very similar and I don't want to publish them as separate indicators):
ver 1.0: style columns implementation
ver 2.0: style histogram implementation
ver 3.0: style line implementation
This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 50 horizontal bars.
It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels.
Free accounts can't access Standard TradingView Volume Profile, hence this indicator.
There are several versions: Free Pro, Free MAX SLI, Free History. This is the Free MAX SLI version. The Differences are listed below:
- Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming
- Free MAX SLI: 50 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 150 levels
- Free History: auto highest/lowest, historic poc/va levels for each session
Features:
- High-Res Volume Profile with up to 50 levels (3 implementations)
- 20-30x faster than the old Pro versions especially on lower tfs with long history
- 2x SLI modes for even higher res: 150 levels with 3x vertical SLI, 50 buy/sell levels with 2x horiz SLI
- Calculate Volume Profile on full history
- POC, Developing POC Levels
- Buy/Sell/Total volume modes
- Side Cover
- Value Area, VAH/VAL dynamic levels
- VWAP High/Low dynamic levels with Source, Length, StdDev as params
- Show/Hide all levels
- Dim Non Value Area Zones
- Custom Range with Highlighting
- 3 Anchor points for Volume Profile
- Flip Levels Horizontally
- Adjustable width, offset and spacing of levels
- Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels
Usage:
- specify max_level/min_level/spacing (required)
- select range (start_bar, range length), confirm with range highlighting
- select volume type: Buy/Sell/Total
- select mode Value Area/VWAP to show corresponding levels
- flip/select anchor point to position the buy/sell levels
- use Horiz SLI mode for 50 Buy/Sell or Vertical SLI for 150 levels if needed
- use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day.
SLI:
- use SLI modes to extend the functionality of the indicator:
- Horiz Buy/Sell 2x SLI lets you view 50 Buy/Sell Levels at the same time
- Vertical Max_Vol 3x SLI lets you increase the resolution to 150 levels
- you need at least 2 instances of the indicator attached to the same chart for SLI to work
1) Enable Horiz SLI:
- attach 2 indicator instances to the chart
- make sure all instances have the same min_level/max_level/range/spacing settings
- select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping.
- set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional.
- this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels
- Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length
- there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap.
2) Enable Vertical SLI:
- attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or
- add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc
- make sure all instances have the same range/spacing settings
- an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values
- set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value
- you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master
Auto/Manual Ext Max_Vol Modes:
- for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances
- in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change
- manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled
- master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels.
- Max_vol (red) is the last param in the long list of indicator outputs
- the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels.
- VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range. Cross check with the full range.
WARNING!
- auto mode max_vol_sli_src is experimental and may not work as expected
- you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance
- sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch
- volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value
- you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance
- 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work
Notes:
- This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 2-3 sec load/redraw time vs 30-60 sec of the old Pro versions
- Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically
- hist_base for levels still results is ugly redraw
- if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001)
- you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that.
- Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts.
- Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option
- Custom Width - UI Style supports only width <= 4, hence this additional option
- POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs
- You can't change buy/sell level colors from input (only plot transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones
- All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it
- There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume
P.S. Gravitonium Levels Are Increasing. Unobtainium is nowhere to be found!
Links on Volume Profile and Value Area calculation and usage:
www.tradingview.com
stockcharts.com
onlinelibrary.wiley.com
CVD Divergence & Volume ProfileThis Pine Script indicator, named "CVD Divergence & Volume Profile," is designed to identify potential trading opportunities by combining Cumulative Volume Delta (CVD) divergence with Volume Profile levels and an optional Simple Moving Average (SMA) trend filter. It plots signals directly on the price chart.
Here's a breakdown of what each component does and how to potentially trade with it:
1. Cumulative Volume Delta (CVD) Divergence
What it does: CVD measures the cumulative difference between buying and selling volume. A rising CVD indicates more buying pressure, while a falling CVD indicates more selling pressure. Divergence occurs when the price action contradicts the CVD's direction, suggesting a potential shift in momentum or trend reversal.
Bearish Divergence: The price makes a higher high, but the CVD makes a lower high (or fails to make a new high). This suggests that despite the price increasing, the underlying buying pressure is weakening.
Bullish Divergence: The price makes a lower low, but the CVD makes a higher low (or fails to make a new low). This suggests that despite the price decreasing, the underlying selling pressure is weakening.
Visualization:
Red triangle pointing down on the chart indicates a Bearish Divergence signal.
Green triangle pointing up on the chart indicates a Bullish Divergence signal.
2. Volume Profile Levels (VAH, VAL, POC)
What it does: The indicator calculates simplified Volume Profile levels over a user-defined vp_range (number of candles). These levels represent areas where significant trading activity has occurred:
VAH (Value Area High): The upper boundary of the "Value Area," where 70% of the volume traded.
VAL (Value Area Low): The lower boundary of the "Value Area," where 70% of the volume traded.
POC (Point of Control): The price level within the vp_range where the most volume was traded.
Significance: These levels often act as significant support and resistance zones.
Visualization:
Orange lines for VAH and VAL.
Yellow line for POC.
Zone Proximity (zone_thresh): The indicator only generates divergence signals if the current close price is within a specified percentage zone_thresh of either VAH, VAL, or POC. This filters signals to areas of high liquidity and potential turning points.
3. Trend Filter (SMA)
What it does: This is an optional filter (use_trend_filter) that uses a Simple Moving Average (sma_period, default 200).
Significance: It helps ensure that divergence signals are traded in alignment with the broader market trend, potentially increasing their reliability.
For long signals (bullish divergence), the price (close) must be above the SMA (indicating an uptrend).
For short signals (bearish divergence), the price (close) must be below the SMA (indicating a downtrend).
Visualization: A blue line on the chart representing the SMA.
How to Trade with It (Potential Strategies)
The indicator aims to provide high-probability entry points by combining multiple confirming factors. Here's how you might interpret and trade the signals:
Identify Divergence: Look for the triangle signals on your chart (red for bearish, green for bullish).
Confirm Proximity to Volume Profile Levels: The signal itself confirms that the price is near a significant Volume Profile level (VAH, VAL, or POC). These are areas where price often reacts.
Bullish Signal (Green Triangle): This suggests buying momentum is returning after a price decline, especially when the price is near VAL or POC, which might act as support.
Bearish Signal (Red Triangle): This suggests selling momentum is increasing after a price rally, especially when the price is near VAH or POC, which might act as resistance.
Check Trend Alignment (SMA Filter):
For a long trade: You would ideally want to see a green triangle (bullish divergence) while the price is above the blue SMA line. This indicates a bullish divergence confirming a potential bounce within an existing uptrend.
For a short trade: You would ideally want to see a red triangle (bearish divergence) while the price is below the blue SMA line. This indicates a bearish divergence confirming a potential rejection within an existing downtrend.
Entry and Exit Considerations:
Entry: Consider entering a trade on the candle where the signal appears, or on the subsequent candle for confirmation.
Stop Loss: For a long trade, a logical stop-loss could be placed below the lowest point of the divergence, or below the VAL/POC if the signal occurred near it. For a short trade, above the highest point of the divergence or VAH/POC.
Take Profit: Targets could be set at the opposite Volume Profile level, previous swing highs/lows, or using a fixed risk-reward ratio.
Example Trading Scenario:
Long Trade: You see a green triangle (bullish divergence) printed on the chart. You notice the price is currently at the VAL (orange line). You check the blue SMA line and confirm that the price is above it (uptrend). This confluence of factors (bullish divergence, support at VAL, and uptrend) provides a strong potential long entry signal. You might enter, place your stop loss just below VAL, and target VAH or the next resistance level.
Short Trade: You see a red triangle (bearish divergence). The price is at the VAH (orange line). The price is also below the blue SMA line (downtrend). This suggests a potential short entry. You might enter, place your stop loss just above VAH, and target VAL or the next support level.
TrueTrend MaxRThe TrueTrend MaxR indicator is designed to identify the most consistent exponential price trend over extended periods. It uses statistical analysis on log-transformed prices to find the trendline that best fits historical price action, and highlights the most frequently tested or traded level within that trend channel.
For optimal results, especially on high timeframes such as weekly or monthly, it is recommended to use this indicator on charts set to logarithmic scale. This ensures proper visual alignment with the exponential nature of long-term price movements.
How it works
The indicator tests 50 different lookback periods, ranging from 300 to 1280 bars. For each period, it:
- Applies a linear regression on the natural logarithm of the price
- Computes the slope and intercept of the trendline
- Calculates the unbiased standard deviation from the regression line
- Measures the correlation strength using Pearson's R coefficient
The period with the highest Pearson R value is selected, meaning the trendline drawn corresponds to the log-scale trend with the best statistical fit.
Trendline and deviation bands
Once the optimal period is identified, the indicator plots:
- A main log-scale trendline
- Upper and lower bands, based on a user-defined multiple of the standard deviation
These bands help visualize how far price deviates from its core trend, and define the range of typical fluctuations.
Point of Control (POC)
Inside the trend channel, the space between upper and lower bands is divided into 15 logarithmic levels. The script evaluates how often price has interacted with each level, using one of two selectable methods:
- Touches: Counts the number of candles crossing each level
- Volume: Weighs each touch by the traded volume at that candle
The level with the highest cumulative interaction is considered the dynamic Point of Control (POC), and is plotted as a line.
Annualized performance and confidence display
When used on daily or weekly timeframes, the script also calculates the annualized return (CAGR) based on the detected trend, and displays:
- A performance estimate in percentage terms
- A textual label describing the confidence level based on the Pearson R value
Why this indicator is useful
- Automatically detects the most statistically consistent exponential trendline
- Designed for log-scale analysis, suited to long-term investment charts
- Highlights key price levels frequently visited or traded within the trend
- Provides objective, data-based trend and volatility insights
- Displays annualized growth rate and correlation strength for quick evaluation
Notes
- All calculations are performed only on the last bar
- No future data is used, and the script does not repaint
- Works on any instrument or timeframe, with optimal use on higher timeframes and logarithmic scaling
Delta Volume Profile [BigBeluga]🔵Delta Volume Profile
A dynamic volume analysis tool that builds two separate horizontal profiles: one for bullish candles and one for bearish candles. This indicator helps traders identify the true balance of buying vs. selling volume across price levels, highlighting points of control (POCs), delta dominance, and hidden volume clusters with remarkable precision.
🔵 KEY FEATURES
Split Volume Profiles (Bull vs. Bear):
The indicator separates volume based on candle direction:
If close > open , the candle’s volume is added to the bullish profile (positive volume).
If close < open , it contributes to the bearish profile (negative volume).
ATR-Based Binning:
The price range over the selected lookback is split into bins using ATR(200) as the bin height.
Each bin accumulates both bull and bear volumes to form the dual-sided profile.
Bull and Bear Volume Bars:
Bullish volumes are shown as right-facing bars on the right side, colored with a bullish gradient.
Bearish volumes appear as left-facing bars on the left side, shaded with a bearish gradient.
Each bar includes a volume label (e.g., +12.45K or -9.33K) to show exact volume at that price level.
Points of Control (POC) Highlighting:
The bin with the highest bullish volume is marked with a border in POC+ color (default: blue).
The bin with the highest bearish volume is marked with a POC− color (default: orange).
Total Volume Density Map:
A neutral gray background box is plotted behind candles showing the total volume (bull + bear) per bin.
This reveals high-interest price zones regardless of direction.
Delta and Total Volume Summary:
A Delta label appears at the top, showing net % difference between bull and bear volume.
A Total label at the bottom shows total accumulated volume across all bins.
🔵 HOW IT WORKS
The indicator captures all candles within the lookback period .
It calculates the price range and splits it into bins using ATR for adaptive resolution.
For each candle:
If price intersects a bin and close > open , volume is added to the positive profile .
If close < open , volume is added to the negative profile .
The result is two side-by-side histograms at each price level—one for buyers, one for sellers.
The bin with the highest value on each side is visually emphasized using POC highlight colors.
At the end, the script calculates:
Delta: Total % difference between bull and bear volumes.
Total: Sum of all volumes in the lookback window.
🔵 USAGE
Volume Imbalance Zones: Identify price levels where buyers or sellers were clearly dominant.
Fade or Follow Volume Clusters: Use POC+ or POC− levels for reaction trades or breakouts.
Delta Strength Filtering: Strong delta values (> ±20%) suggest momentum or exhaustion setups.
Volume-Based Anchoring: Use profile levels to mark hidden support/resistance and execution zones.
🔵 CONCLUSION
Delta Volume Profile offers a unique advantage in market reading by separating buyer and seller activity into two visual layers. This allows traders to not only spot where volume was high, but also who was more aggressive. Whether you’re analyzing trend continuations, reversals, or absorption levels, this indicator gives you the transparency needed to trade with confidence.
OG Volume PowerDescription:
The OG Volume Power is an elite-level volume analysis suite built for identifying momentum surges, trend continuation, and buyer/seller imbalances at critical price levels. It combines real-time VWAP tracking, a dynamic Point of Control (POC), and volume delta clusters to give traders a complete picture of price and volume interaction.
🔍 Key Features:
Real-Time VWAP:
Tracks volume-weighted average price to identify mean reversion and intraday fair value zones. Ideal for institutional-level entries and exits.
Dynamic POC (Point of Control):
Automatically finds the price level with the highest volume over the last N candles (default 50), helping traders pinpoint where market participants are most committed.
Buyer/Seller Volume Delta Clusters:
Highlights imbalances between buying and selling pressure using bullish and bearish volume deltas that exceed the 20-bar volume average — excellent for momentum detection and early trend recognition.
⚙️ How It Works:
Green triangle: Buyer surge (bullish delta + above average volume)
Red triangle: Seller surge (bearish delta + above average volume)
Magenta line: Dynamic POC (highest volume price over recent candles)
Orange line: VWAP (acts as a magnetic force for price)
📈 Best For:
Intraday scalping or swing trading on SPY, QQQ, BTC, or Forex
Volume flow confirmation before breakout entries
Filtering false breakouts with delta strength signals
🧠 Pro Tip:
Use OG Volume Power alongside your trend indicators (like OG EMA Stack or OG Supertrend) to confirm that volume is backing the move. Look for surges near VWAP or POC zones for sniper-level entries.
Volume Profile [ActiveQuants]The Volume Profile indicator visualizes the distribution of trading volume across price levels over a user-defined historical period. It identifies key liquidity zones, including the Point of Control (POC) (price level with the highest volume) and the Value Area (price range containing a specified percentage of total volume). This tool is ideal for traders analyzing support/resistance levels, market sentiment , and potential price reversals .
█ CORE METHODOLOGY
Vertical Price Rows: Divides the price range of the selected lookback period into equal-height rows.
Volume Aggregation: Accumulates bullish/bearish or total volume within each price row.
POC: The row with the highest total volume.
Value Area: Expands from the POC until cumulative volume meets the user-defined threshold (e.g., 70%).
Dynamic Visualization: Rows are plotted as horizontal boxes with widths proportional to their volume.
█ KEY FEATURES
- Customizable Lookback & Resolution
Adjust the historical period ( Lookback ) and granularity ( Number of Rows ) for precise analysis.
- Configurable Profile Width & Horizontal Offset
Control the relative horizontal length of the profile rows, and set the distance from the current bar to the POC row’s anchor.
Important: Do not set the horizontal offset too high. Indicators cannot be plotted more than 500 bars into the future.
- Value Area & POC Highlighting
Set the percentage of total volume required to form the Value Area , ensuring that key volume levels are clearly identified.
Value Area rows are colored distinctly, while the POC is marked with a bold line.
- Flexible Display Options
Show bullish/bearish volume splits or total volume.
Place the profile on the right or left of the chart.
- Gradient Coloring
Rows fade in color intensity based on their relative volume strength .
- Real-Time Adjustments
Modify horizontal offset, profile width, and appearance without reloading.
█ USAGE EXAMPLES
Example 1: Basic Volume Profile with Value Area
Settings:
Lookback: 500 bars
Number of Rows: 100
Value Area: 70%
Display Type: Up/Down
Placement: Right
Image Context:
The profile appears on the right side of the chart. The POC (orange line) marks the highest volume row. Value Area rows (green/red) extend above/below the POC, containing 70% of total volume.
Example 2: Total Volume with Gradient Colors
Settings:
Lookback: 800 bars
Number of Rows: 100
Profile Width: 60
Horizontal Offset: 20
Display Type: Total
Gradient Colors: Enabled
Image Context:
Rows display total volume in a single color with gradient transparency. Darker rows indicate higher volume concentration.
Example 3: Left-Aligned Profile with Narrow Value Area
Settings:
Lookback: 600 bars
Number of Rows: 100
Profile Width: 45
Horizontal Offset: 500
Value Area: 50%
Profile Placement: Left
Image Context:
The profile shifts to the left, with a tighter Value Area (50%).
█ USER INPUTS
Calculation Settings
Lookback: Historical bars analyzed (default: 500).
Number of Rows: Vertical resolution of the profile (default: 100).
Profile Width: Horizontal length of rows (default: 50).
Horizontal Offset: Distance from the current bar to the POC (default: 50).
Value Area (%): Cumulative volume threshold for the Value Area (default: 70%).
Volume Display: Toggle between Up/Down (bullish/bearish) or Total volume.
Profile Placement: Align profile to the Right or Left of the chart.
Appearance
Rows Border: Customize border width/color.
Gradient Colors: Enable fading color effects.
Value Area Colors: Set distinct colors for bullish and bearish Value Area rows.
POC Line: Adjust color, width, and visibility.
█ CONCLUSION
The Volume Profile indicator provides a dynamic, customizable view of market liquidity. By highlighting the POC and Value Area, traders can identify high-probability reversal zones, gauge market sentiment, and align entries/exits with key volume levels.
█ IMPORTANT NOTES
⚠ Lookback Period: Shorter lookbacks prioritize recent activity but may omit critical levels.
⚠ Horizontal Offset Limitation: Avoid excessively high offsets (e.g., close to ±300). TradingView restricts plotting indicators more than 500 bars into the future, which may truncate or hide the profile.
⚠ Risk Management: While the indicator highlights areas of concentrated volume, always use it in combination with other technical analysis tools and proper risk management techniques.
█ RISK DISCLAIMER
Trading involves substantial risk. The Volume Profile highlights historical liquidity but does not predict future price movements. Always use stop-loss orders and confirm signals with additional analysis. Past performance is not indicative of future results.
📊 Happy trading! 🚀
Volume Footprint POC for Every CandleCalculating and plotting the Point of Control (POC) for every candle on a volume footprint chart can provide valuable insights for traders. Here are some interpretations and uses of this information:
1. Identify Key Price Levels
Highest Traded Volume: The POC represents the price level with the highest traded volume for each candle. This level often acts as a significant support or resistance level.
Confluence Zones: When multiple POCs align at similar price levels over several candles, it indicates strong support or resistance zones.
2. Gauge Market Sentiment
Buyer and Seller Activity: High volume at certain price levels can indicate where buyers and sellers are most active. A rising POC suggests stronger buying activity, while a falling POC suggests stronger selling activity.
Volume Profile: Analyzing the volume profile helps in understanding the distribution of traded volume across different price levels, providing insights into market sentiment and potential reversals.
3. Spot Trends and Reversals
Trend Continuation: Consistent upward or downward shifts in POC levels can indicate a trend continuation. Traders can use this information to stay in trending positions.
Reversal Signals: A sudden change in the POC direction may signal a potential reversal. This can be used to take profits or enter new positions.
4. Intraday Trading Strategies
Short-Term Trading: Intraday traders can use the POC to make informed decisions on entry and exit points. For example, buying near the POC during an uptrend or selling near the POC during a downtrend.
Scalping Opportunities: High-frequency traders can use shifts in the POC to scalp small profits from price movements around these key levels.
5. Volume-Based Indicators
Confirmation of Other Indicators: The POC can be used in conjunction with other technical indicators (e.g., moving averages, RSI) to confirm signals and improve trading accuracy.
Support and Resistance: Combining the POC with traditional support and resistance levels can provide a more comprehensive view of the market dynamics.
In summary, the Point of Control (POC) is a valuable tool for traders to understand market behavior, identify key levels, and make more informed trading decisions. If you have specific questions or need further details on how to use this information in your trading strategy, feel free to ask! 😊
Simple Volume Profile with POC (Daily/4H Sessions) [Enhanced]Simple Volume Profile with a Point of Control (POC). The script does the following:
Accumulates volume in user-defined “bins” (price buckets) for a session.
Resets the volume accumulation each new “session”:
On a Daily chart, it considers weekly sessions (resets each Monday).
On a 4H chart, it considers daily sessions (resets at the start of each trading day).
Finds the Point of Control (the price bin with the highest accumulated volume).
Plots the histogram and the POC line on the chart.
Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance.
🔵 Key Features:
HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance.
Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity.
Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction.
Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy.
Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe
Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data.
🔵 When to Use:
The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you:
Spot potential liquidity zones where price might react.
Identify support and resistance levels within HTF ranges.
Monitor PoC shifts that indicate changes in market behavior.
Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies.
This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
Range Detect SystemTechnical analysis indicator designed to identify potential significant price ranges and the distribution of volume within those ranges. The system helps traders calculate POC and show volume history. Also detecting breakouts or potential reversals. System identifies ranges with a high probability of price consolidation and helps screen out extreme price moves or ranges that do not meet certain volatility thresholds.
⭕️ Key Features
Range Detection — identifies price ranges where consolidation is occurring.
Volume Profile Calculation — indicator calculates the Point of Control (POC) based on volume distribution within the identified range, enhancing the analysis of market structure.
Volume History — shows where the largest volume was traded from the center of the range. If the volume is greater in the upper part of the range, the color will be green. If the volume is greater in the lower part, the color will be red.
Range Filtering — Includes multi-level filtering options to avoid ranges that are too volatile or outside normal ranges.
Visual Customization — Shows graphical indicators for potential bullish or bearish crossovers at the upper and lower range boundaries. Users can choose the style and color of the lines, making it easier to visualize ranges and important levels on the chart.
Alerts — system will notify you when a range has been created and also when the price leaves the range.
⭕️ How it works
Extremes (Pivot Points) are taken as a basis, after confirming the relevance of the extremes we take the upper and lower extremes and form a range. We check if it does not violate a number of rules and filters, perform volume calculations, and only then is the range displayed.
Pivot points is a built-in feature that shows an extremum if it has not been updated N bars to the left and N bars to the right. Therefore, there is a delay depending on the bars specified to check, which allows for a more accurate range. This approach allows not to make unnecessary recalculations, which completely eliminates the possibility of redrawing or range changes.
⭕️ Settings
Left Bars and Right Bars — Allows you to define the point that is the highest among the specified number of bars to the left and right of this point.
Range Logic — Select from which point to draw the range. Maximums only, Minimums only or both.
Use Wick — Option to consider the wick of the candles when identifying Range.
Breakout Confirmation — The number of bars required to confirm a breakout, after which the range will close.
Minimum Range Length — Sets the minimum number of candles needed for a range to be considered valid.
Row Size — Number of levels to calculate POC. *Larger values increase the script load.
% Range Filter — Dont Show Range is than more N% of Average Range.
Multi Filter — Allows use of Bollinger Bands, ATR, SMA, or Highest-Lowest range channels for filtering ranges based on volatility.
Range Hit — Shows graphical labels when price hits the upper or lower boundaries of the range, signaling potential reversal or breakout points.
Range Start — Show points where Range was created.
Support Resistance UltimateThe "Support Resistance ULTIMATE" indicator is a comprehensive tool for traders on the TradingView platform, designed to identify key support and resistance levels using two primary techniques: pivot points and volume data. This indicator provides flexibility and customization, allowing traders to adapt it to their specific trading strategies.
KEY FEATURES
Pivot-Based Levels:
This feature calculates support and resistance levels using pivot points, which are derived from the high, low, and close prices of previous trading periods. Pivot points are crucial for forecasting potential market turning points.
Users can customize the pivot calculation by selecting the source type (either 'Close' or 'High/Low') and adjusting the lookback periods for both the left and right sides of the pivot calculation. This flexibility allows traders to adapt the indicator to different market conditions and timeframes.
Volume-Based Levels:
This option focuses on identifying support and resistance levels based on volume data, specifically the Point of Control (POC). The POC represents the price level with the highest traded volume during a specific time period, reflecting a consensus value among market participants.
The indicator includes a rolling POC calculation, allowing traders to dynamically assess areas of significant trading interest that may serve as support or resistance zones.
ADVANTAGES
Customization and Flexibility:
Traders can choose between pivot-based and volume-based levels or use both simultaneously, depending on their analysis needs. This dual approach provides a comprehensive view of market dynamics, accommodating various trading styles.
The indicator offers customizable color settings for support and resistance lines, enhancing chart readability and allowing traders to personalize their visual analysis.
Enhanced Market Insights:
By utilizing pivot points, traders can identify potential reversal or consolidation points, aiding in the prediction of market trends and the establishment of strategic entry and exit points.
Volume-based levels provide insights into market sentiment and participation, highlighting areas of strong support or resistance based on trading volume. This can improve risk management and trade execution by identifying high-probability trading zones.
Importance Scoring:
The indicator calculates the importance of each level based on the number of touches and the duration it holds. This scoring system helps traders assess the strength of support and resistance levels, with thicker lines indicating more significant levels.
This indicator is intended for educational and informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should consult with a financial advisor before making any trading decisions. The performance of this indicator is not guaranteed, and past results do not predict future performance. Use at your own risk.
