Some instruments does not provide any volume information, therefore, as a fixed volume profile user, I needed a fixed market profile indicator to use the same principles, regardless of whether the volumes are available or not.
This script draws a market profile histogram corresponding to price variations within a specific duration, you only need to specify Start and End date/time values to see the histogram on your chart.
Details
Two lines corresponding to highest/lowest prices are displayed around the histogram
The redline corresponds to the POC (point of control)
Options * Start calculation * End calculation * Bars number (histogram resolution, currently locked to a max value of 50 bars) * Display side/Width (allows to modify size of bars, to the left or to the right) * Bars/Borders/POC Color customization
Notes
This script will probably be updated (to add VAH/VAL zones, and maybe other options). However, some common market profile attributes have not been implemented yet since I don't really use them)
Информация о релизе
⋅
New update with some new options
You can now use 200 bars within a market profile area
A Heat color feature has been added with customization params
A background color can be added to the MP area (enabled by default)
Информация о релизе
⋅
Update:
the POC line can be extended to the right (disabled by default)
Информация о релизе
⋅
Update:
Lowest price line fixed
Информация о релизе
⋅
Updates:
You can now enable/disable histogram, POC, high/low lines and background
@noop42, Thanks for the updates, this is the best fixed range TPO profile ive used on TV. What would be great, is to be able to have this as session TPO profile too! This is damn sweet tho - compliments volume profile so nicely!
Awesome. Would be great to have a non-fixed version also with weekly and monthly profiles. Or is it hard to do with the same accuracy?
b87654
⋅
I REALLY appreciate you providing us this powerful tool.
IWM Period I am looking at is 3 June to 24 June 2022 and POC line flip flops between 169 and 187. (169 happens to be volume POC, coincidentally)
b87654
⋅
I double checked both this ticket as well as other ones. when I use Day interval I get 187. Anything lower (eg 4h, 30 min, 15 min) I get something close volume profile POC (169 for IWM here)