fikira

Volume Profile Array's [fikira]

fikira Wizard Updated   
Inspired by © IldarAkhmetgaleev (AkhIL) - "Poor man's volume profile" - "PMVolProf"
He did a fantastic job on "Volume Profile"!

My script is about making this with array's

Settings:
- period (last x bars) for calculation
- max width (visible horizontal range)
- amount of sections (vertical sections; to many sections can give an error -> lower the sections in that case)

Setting "high/low", "close":
- "high/low"
-> the volume of every bar (in the period) which low is lower than a particular section and which high is higher than that section is added to that section
- "close"
-> here the volume of every bar (in the period) which close closes in the range of a particular section is added to that section

The orange/blue coloured "Volume lines" are the highest/lowest values above and below present close
(can be used as Support/resistance )

"Only show max/min" shows only the orange/blue Volume lines

The period and highest/lowest is show by 2 thin blue lines

Color, line width is adjustable

Cheers!
Release Notes:
Changed colour logic:
Now you can compare each section with #sections above/below for the max/min
(min 1 and max 5 sections above/below to compare with)
"compare # sections above/below for max/min" = 1:

"compare # sections above/below for max/min" = 3:

"compare # sections above/below for max/min" = 5:

Also added vertical line where the bar calculations start

LuxAlgo Dev: www.luxalgo.com
PineCoder: www.pinecoders.com

- We cannot control our emotions,
but we can control our keyboard -
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?