PtGambler

[Pt] Periodic Volume Profile

PtGambler 已更新   
This script is an attempt to recreate the Periodic Volume Profile that is built-in by TradingView, with slightly different features. Related blog: https://www.tradingview.com/blog/en/volume-profiles-new-and-improved-31068/

This script is based on another script "Volume Profile, Pivot Anchored" by @dgtrd

*Note that only limited number Volume Profile can be displayed on the chart due to limitations on displaying boxes and lines.

Description
This Periodic Volume Profile (PVP) indicator allows trades to view volume profiles for periods longer than the current timeframe. The indicator builds one general volume profile for each new period, set by the user through the “Periodic Timeframe” input parameter.
This script also has the option to extend Point of Control (POC) lines with optional end conditions: Until Bar Touch, Until Last Bar, Until Bar Cross, or None, which extends to the right.
Signals are generated for Naked POC touches and crosses by a triangle symbol and a cross symbol, by default.
Alerts are available for POC touches and crosses.

What is Volume Profile?
Volume profile is a technical analysis tool that shows the volume of trades at different prices for a given security or market over a specific period of time.

Volume profile can be used to identify key levels of support and resistance, as well as to assess the overall supply and demand for a security. For example, if there is a high volume of trades at a particular price level, this may indicate that there is a significant level of support or resistance at that price. On the other hand, if there is relatively low volume at a particular price, this may indicate that there is not much interest in trading at that level.

Traders can use volume profile to identify trends, make trading decisions, and set stop-loss and take-profit orders. It can also be useful for identifying patterns such as "pockets of liquidity," which are areas where there is a high volume of trades but relatively little price movement.

It is important to note that volume profile should be used in conjunction with other technical analysis tools and should not be relied upon in isolation. It is also important to consider the overall context and market conditions when interpreting volume profile data.

Key Difference with TradingView's PVP indicator - TradingView's PVP intraday period does not align with standard intraday timeframes as it is determined by # of bars. This script provides volume profiles that aligns with higher timeframe periods.


Enjoy~!
版本注释:
Fixed bug for daily, weekly, monthly periodic timeframe not displaying.
Fixed bug for weird line and background fills on developing profile.
版本注释:
Updated to add display toggle for developing profile
版本注释:
Added option to show extension of previous period VAH, VAL, and POC
版本注释:
Resolved bug - error on -1 historical reference
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Fixed bug: For some combination of chart and periodic timeframe, volume profile was showing up between specified period.
版本注释:
Updated volume calculation to give more accurate volume estimation. Keep in mind that this indicator does not pull lower timeframe volume, hence volume bars on the profile is only an approximation.
版本注释:
Made same update to developing profile.
版本注释:
Fixed bug where each profile included 1 extra bar at the end of the period.
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Fixed bug: zero line plot is shown if 'Show Developing Profile' or 'Show Previous POC, VAH, VAL' is disabled, when 'Scale Price Chart Only' option is disabled.
版本注释:
Updated Profile reset option to enable reset at the start of regular sessions.

By default, the Reset option is turned off. Volume Profile will carry forward from last session into the next session:

With reset option turned on, profile will reset at the start of the new regular session:
版本注释:
Per requests, adding POC, VAH , VAL paths. These settings can be found under "Show Developing Profile". Turning these ON will toggle POC, VAH, VAL levels off on the developing profile. This is to prevent overcrowding of lines.
版本注释:
Fixed bug - in some cases, while loop won't break causing runtime error.
Updated developing POC, VAH, VAL paths to break between periods.
版本注释:
Correcting minor bug from recent updates.
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Added new profile placement option "Next period" that will place the volume profile after the end of the period. Example below:
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Fixed bug on monthly profile.
版本注释:
Added option for POC line width

If you make $$$ off it, consider donating some of your juicy gain :)
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You can reach me privately through my Discord Channel: discord.gg/WMQfaVGyQC
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

想在图表上使用此脚本?