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Session TPO Market Profile

Introduction

Wikipedia:A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices. In this structure he recognized the 'normal', Gaussian distribution he had been introduced to in college statistics.

Important : The market profile tool is designed to be used on the 30min timeframe, however, you can modify its parameters and use it on lower timeframes (15/10/5min)

This indicators displays the following information
  • Session open
  • TPO
  • Value area calculation zone
  • POC
  • Highlight of Single prints
  • Session High/Low
  • The current price ( TPO Profile is often used isolated without any candlesticks on it)

Parameters
  • Session beginning configuration (not coded with a session input yet)
  • Number of candles to use for calculation (default 13 for a single session)
  • Extend yesterday's levels (VAH/VAL/POC)
  • Show/Hide Market profile calculation area (background color)
  • Bars number (number of rows that will be used to draw the profile)
  • Show/Hide TPO's
  • TPO Colors customization (For in/out of VA, VAL/VAH/POC/High/Low levels and single prints)
  • Show/Hide High/Low levels
  • Show/Hide VAL/VAH/POC Levels as lines
  • Enable/Disable Single prints highlighting
  • Value area size (as percent)
  • Show/Hide current price (corresponding to a line scaled on the "close" price)

Additional Notes
  • Each session is drawn when the day is over
  • To use as much space as possible, TPO's are not directly drawn on the area of their calculation (which can be confusing if you use candlesticks directly over it)
  • This script will probably be updated in the future (especially concerning its implementation which is a bit spaghetti coded for now).
  • If you have interesting suggestions about new features that are usual within market profile tools and missing from this script , don't hesitate to suggest it.
版本注释: Update:
  • Letters numbers
  • The session calculation is now based on an extended characters set -> "ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789{}@$€£*", in order to support longer sessions on timeframes lower than 30min
版本注释: Update:
  • Extended charset ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789@$€£{}()*+-/=%&?! , allowing the script to calculates profile with up to 78 candlesticks in the history
  • "Display TPO as bars" parameter

New display mode :
版本注释: Update
  • Opening price of the configured session is now correctly scaled with a dedicated line
版本注释: Update:
  • TPO size can now be defined by a ticks number
  • On option to scale TPO on a rounded value corresponding to the ticks number is set by default
  • You can now change the size of TPO letters (Tiny, Small, Normal) (default: Small)
版本注释: Default ticks size now set to 25
版本注释: Update:

  • Single prints can now be extended
版本注释: Update:

- A basic initial balance implementation has been added (Only consider A and B periods, undepending on your timeframe for the moment)
- Closing Price mark
- Customizable Spacing between Letters
- VA zone is now highlighted
版本注释: Few improvements
  • Close price displayed on the left
  • Total TPO added
  • Default colors modified
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、交易或其他类型的意见或建议。请在使用条款阅读更多信息。

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