Institutional Volume Profile

5月27日

# Institutional Volume Profile (IVP) - Advanced Volume Analysis Indicator

## Overview
The Institutional Volume Profile (IVP) is a sophisticated technical analysis tool that combines traditional volume profile analysis with institutional volume detection algorithms. This indicator helps traders identify key price levels where significant institutional activity has occurred, providing insights into market structure and potential support/resistance zones.

## Key Features

### 🎯 Volume Profile Analysis
- **Point of Control (POC)**: Identifies the price level with the highest volume activity
- **Value Area**: Highlights the price range containing a specified percentage (default 70%) of total volume
- **Multi-Row Distribution**: Displays volume distribution across 10-50 price levels for detailed analysis
- **Customizable Period**: Analyze volume profiles over 10-500 bars

### 🏛️ Institutional Volume Detection
- **Pocket Pivot Volume (PPV)**: Detects bullish institutional buying when up-volume exceeds recent down-volume peaks
- **Pivot Negative Volume (PNV)**: Identifies bearish institutional selling when down-volume exceeds recent up-volume peaks
- **Accumulation Detection**: Spots potential accumulation phases with high volume and narrow price ranges
- **Distribution Analysis**: Identifies distribution patterns with high volume but minimal price movement

### 🎨 Visual Customization Options
- **Multiple Color Schemes**: Heat Map, Institutional, Monochrome, and Rainbow themes
- **Bar Styles**: Solid, Gradient, Outlined, and 3D Effect rendering
- **Volume Intensity Display**: Visual intensity based on volume magnitude
- **Flexible Positioning**: Left or right side profile placement
- **Current Price Highlighting**: Real-time price level indication

### 📊 Advanced Visual Features
- **Volume Labels**: Display volume amounts at key price levels
- **Gradient Effects**: Multi-step gradient rendering for enhanced visibility
- **3D Styling**: Shadow effects for professional appearance
- **Opacity Control**: Adjustable transparency (10-100%)
- **Border Customization**: Configurable border width and styling

## How It Works

### Volume Distribution Algorithm
The indicator analyzes each bar within the specified period and distributes its volume proportionally across the price levels it touches. This creates an accurate representation of where trading activity has been concentrated.

### Institutional Detection Logic
- **PPV Trigger**: Current up-bar volume > highest down-volume in lookback period + above volume MA
- **PNV Trigger**: Current down-bar volume > highest up-volume in lookback period + above volume MA
- **Accumulation**: High volume + narrow range + bullish close
- **Distribution**: Very high volume + minimal price movement

### Value Area Calculation
Starting from the POC, the algorithm expands both upward and downward, adding volume until reaching the specified percentage of total volume (default 70%).

## Configuration Parameters

### Profile Settings
- **Profile Period**: 10-500 bars (default: 50)
- **Number of Rows**: 10-50 levels (default: 24)
- **Profile Width**: 10-100% of screen (default: 30%)
- **Value Area %**: 50-90% (default: 70%)

### Institutional Analysis
- **PPV Lookback Days**: 5-20 periods (default: 10)
- **Volume MA Length**: 10-200 periods (default: 50)
- **Institutional Threshold**: 1.0-2.0x multiplier (default: 1.2)

### Visual Controls
- **Bar Style**: Solid, Gradient, Outlined, 3D Effect
- **Color Scheme**: Heat Map, Institutional, Monochrome, Rainbow
- **Profile Position**: Left or Right side
- **Opacity**: 10-100%
- **Show Labels**: Volume amount display toggle

## Interpretation Guide

### Volume Profile Elements
- **Thick Horizontal Bars**: High volume nodes (strong support/resistance)
- **Thin Horizontal Bars**: Low volume nodes (weak levels)
- **White Line (POC)**: Strongest support/resistance level
- **Blue Highlighted Area**: Value Area (fair value zone)

### Institutional Signals
- **Blue Triangles (PPV)**: Bullish institutional buying detected
- **Orange Triangles (PNV)**: Bearish institutional selling detected
- **Color-Coded Bars**: Different colors indicate institutional activity types

### Color Scheme Meanings
- **Heat Map**: Red (high volume) → Orange → Yellow → Gray (low volume)
- **Institutional**: Blue (PPV), Orange (PNV), Aqua (Accumulation), Yellow (Distribution)
- **Monochrome**: Grayscale intensity based on volume
- **Rainbow**: Color-coded by price level position

## Trading Applications

### Support and Resistance
- POC acts as dynamic support/resistance
- High volume nodes indicate strong price levels
- Low volume areas suggest potential breakout zones

### Institutional Activity
- PPV above Value Area: Strong bullish signal
- PNV below Value Area: Strong bearish signal
- Accumulation patterns: Potential upward breakouts
- Distribution patterns: Potential downward pressure

### Market Structure Analysis
- Value Area defines fair value range
- Profile shape indicates market sentiment
- Volume gaps suggest potential price targets

## Alert Conditions
- PPV Detection at current price level
- PNV Detection at current price level
- PPV above Value Area (strong bullish)
- PNV below Value Area (strong bearish)

## Best Practices
1. Use multiple timeframes for confirmation
2. Combine with price action analysis
3. Pay attention to volume context (above/below average)
4. Monitor institutional signals near key levels
5. Consider overall market conditions

## Technical Notes
- Maximum 500 boxes and 100 labels for optimal performance
- Real-time calculations update on each bar close
- Historical analysis uses complete bar data
- Compatible with all TradingView chart types and timeframes

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*This indicator is designed for educational and informational purposes. Always combine with other analysis methods and risk management strategies.*

9月11日

版本注释

1. Fixed the issue causing candles to compress when applying the indicator.

2. Added a value area extension to the right for identifying dynamic support and resistance.

9月15日

版本注释

Added option to show POC Price on chart.
Added option to show VAL & VAH Price on chart.

10月2日

版本注释

Version Update: Changed from Pine Script v5 (//version=5) to v6 (//version=6) to address the outdated version warning and ensure compatibility with the latest features.


Short Title Adjustment: Shortened the shorttitle from "IVP" (3 chars) to "IVP+" (4 chars) to comply with the 10-character limit, though it was already under; this is a minor tweak for clarity.


Detection Function Fixes (High Priority): Updated detect_ppv(idx) and detect_pnv(idx) to use backward-looking loops (prev_idx = idx - j with if prev_idx >= 0 guard) instead of forward-looking (idx + j), enabling real-time signals on the current bar (previously always false for idx=0).


Distribution Detection Refinement: In detect_distribution(idx), replaced math.abs(close[idx] - close[idx+1]) (prior close change) with math.abs(close[idx] - open[idx]) (body size relative to full range) to better capture climactic selling on wide-range bars.


Signal Enhancement with Confluence (Enhancement #2): Added ema20 = ta.ema(close, 20) calculation; introduced buy_signal = current_ppv and close > poc_price and close > ema20 for strong buys and sell_signal = current_pnv and close < value_area_low and close < ema20 for strong sells, filtering raw PPV/PNV for trend alignment.


Visual Refinements for Clarity and Speed (Enhancement #3): Added minimal_mode input (default false) to toggle off intensity markers and volume labels, reducing clutter; applied if not minimal_mode guards in the row drawing loop for labels and markers.


Function Call Consistency Fixes: Precomputed detection flags into arrays (ppv_flags, pnv_flags, acc_flags, dist_flags) in a dedicated loop before the volume distribution loop, extracting detect_* calls from the inner nested loop scope to ensure they execute on every bar calculation as recommended.


Array Initialization Optimization: Changed var volume_per_row = array.new_float(num_rows, 0.0) (and similar) to array.new_float(0) with dynamic push/pop in the calculation block, avoiding fixed-size mismatches with effective_rows.


Calculation Scope Adjustment: Replaced if barstate.islast with if bar_index >= profile_length - 1 for profile calculations (arrays, max_volume, POC, VA) to enable consistent execution beyond just the last bar, while keeping drawing in barstate.islast for performance.


Plotshape Fixes: Added explicit series= argument to all plotshape calls (e.g., plotshape(series=current_ppv, ...)), resolving type mismatch errors for series bool inputs and ensuring proper rendering of shapes with color/style.


New Signal Plots and Alerts: Added plotshape for buy_signal (green arrow up below bar) and sell_signal (red arrow down above bar); extended alerts with conditions for these confluence signals, including messages like "Enter long - target VAH".


Table and Info Consistency: Ensured current_ppv, current_pnv, etc., are computed globally (outside scopes) for use in table and alerts, maintaining series consistency.
1.5s

10月7日

版本注释

Major Feature Addition: Flexible Profile Starting and End Point

NEW: Profile Start Point Selection

Added three different modes to determine where the volume profile calculation begins:

Highest Volume (NEW): Finds the bar with the highest trading volume in the lookback period
Highest Price (NEW): Starts profile from the price peak (highest high) in the range
Lowest Price (NEW): Starts profile from the price bottom (lowest low) in the range

Profile End Point Selection

Added three options for profile end point calculation:

Current Candle (default) - Traditional behavior, profile ends at the most recent bar
Swing High - Automatically finds and uses the highest high within specified lookback period
Swing Low - Automatically finds and uses the lowest low within specified lookback period

End Point Controls

End Point: Exclude Recent Bars - Control how many recent bars to exclude when searching for end point (default: 5)
End Point: Max Lookback - Set maximum bars to search back from current for end point (default: 30)