The Intraday Volume Profile aims to show delta volume on lower timeframes to spot trapped shorts at the bottom or trapped longs at the top, with buyers pushing the price up at the bottom and sellers at the top acting as resistance.
🔶 FEATURES
The indicator includes the following features:
LTF Delta precision (timeframe)
Sensibility color - adjust gradient color sensitivity
Source - source of the candle to use as the main delta calculation
Color mode - display delta coloring in different ways
🔶 DELTA EXAMPLE
In the image above, we can see how delta is created.
If delta is positive, we know that buyers have control over sellers, while if delta is negative, we know sellers have control over buyers.
Using this data, we can spot interesting trades and identify trapped individuals within the candle.
🔶 HOW TO USE
In the image above, we can see how shorts are trapped at the bottom of the wick (red + at the bottom), leading to a pump also called a "short squeeze."
Same example as before, but with trapped longs (blue + at the top).
This can also work as basic support and resistance, for example, trapped shorts at the bottom with positive delta at the bottom acting as strong support for price.
Users can have the option to also display delta data within the corresponding levels, showing Buyers vs Sellers for more precise trading ideas.
NOTE:
User can only display the most recent data for the last 8 buyers and sellers.
It is recommended to use a hollow candle while using this script.
WooooW.. Amazing work ... Did u remove "Price action concept" indicator? I was expecting update and now its gone 🥺😔 Also osc matrix is also not showing 😮
StratifyTrade
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@Indyan, Hey thanks, i did not removed them, pinescript shut them down
Tick-Profits
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@StratifyTrade, Lux Algo must have reported your script hahahahaha.
@StratifyTrade, Hi, thanks for all your fantastic scripts! Would you be willing to share your price action concept indicator per private message or publish it on github or elsewhere?
Also osc matrix is also not showing 😮