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Sunday OpenSunday Open – Weekly Open Levels Description The "Sunday Open" indicator automatically displays the market open levels for Sunday. These levels are often used by traders as potential support and resistance zones. The script requires no manual data input and works on any timeframe. Functionality - Displays the N most recent Sunday Open levels, including the current and previous ones. - The color of the current level differs from the older ones, making it easier to identify on the chart. - Lines can be customized by style, thickness, and label visibility. - Alerts are triggered when the price crosses any Sunday Open level (either up or down). User Settings - Number of levels to display (1–100) - Color for the current and past levels - Line style: solid, dashed, dotted Line thickness - Display text labels on the chart - Enable/disable alerts for price crossing Useful For - Quickly identifying key reference points at the beginning of the week - Setting up trading scenarios around the open zone - Receiving signals for breakouts or touches of the levels Important ! All elements are created automatically—no manual drawing required. If you want to create alerts for when the price crosses a Sunday Open level, you need to go to "Alerts" at the top of the screen and select "SO" in the "Condition" field.
Pine Script® indicator
by Gleb_Cryptox
1
Gold Price LevelsThis indicator identifies and displays key price levels for gold trading. It highlights important psychological and technical price points that often act as support and resistance levels. Features Automatically identifies and displays key price levels ending in 92, 84, 78, 55, 42, 27, and 00 Special emphasis on critical levels ending in 68, 32, and 10 with increased line width Color-coded visualization: green for levels above current price, red for levels below Customizable line style, width, and label visibility Automatically adjusts to different price ranges (works with any gold price) How to Use This indicator helps gold traders identify potential support and resistance zones. Watch for price reactions at these levels for potential trade entries, exits, or stop placement. The thicker lines (68, 32, 10) often represent more significant price levels where stronger reactions may occur. Perfect for both day traders and swing traders looking to optimize their gold trading strategy with key price levels.
Pine Script® indicator
by OsamaSalsa
Support Resistance DynamicsThe Support Resistance Dynamics indicator is an advanced technical analysis tool designed to identify and visualize key support and resistance levels in real-time. This innovative indicator stands out from traditional support and resistance tools by employing a dynamic approach that adapts to market conditions. Key Features: Dynamic Level Calculation: Unlike static support and resistance indicators, this tool continuously updates levels based on recent price action, providing traders with the most relevant and up-to-date information. Logarithmic Scale Option: The indicator offers a unique logarithmic scale feature, essential for analyzing long-term trends or assets with significant price changes. This allows for more accurate level plotting across various timeframes and price ranges. Customizable Display: Users can adjust the number of support and resistance lines displayed, allowing for a clean and uncluttered chart view while focusing on the most significant levels. Adaptive Slope Calculation: The indicator uses an innovative approach to calculate the slope of support and resistance lines, offering options from dynamic adaptation to fixed long-term periods. This ensures the lines remain relevant in both trending and ranging markets. Enhanced Visualization: With customizable line colors, styles, and transparency, traders can easily distinguish between support and resistance levels, improving chart readability and analysis. Flexible Period Settings: From dynamic calculations based on recent pivots to fixed long-term periods, the indicator adapts to various trading styles and timeframes. The Support Resistance Dynamics indicator is particularly useful for: Identifying potential reversal points in trends Setting more accurate entry and exit points for trades Placing stop-loss orders with greater precision Recognizing breakout levels for potential new trends By combining dynamic calculation methods with customizable visual elements, this indicator provides traders with a powerful tool for market analysis. Whether you're a day trader looking for short-term opportunities or a long-term investor analyzing macro trends, the Support Resistance Dynamics indicator offers valuable insights to enhance your trading strategy. This indicator is provided for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading involves significant risk of loss. Users should conduct their own research and due diligence before making any investment decisions. The creator of this indicator is not responsible for any losses incurred from its use. Always test thoroughly on demo accounts before applying to live trading.
Pine Script® indicator
by Julien_Eche
6
[DarkTrader] Pivot Point HeatmapThe indicator calculates pivot points using price data from different timeframes such as 12M, 1M, 1W, 3D, and 1D. For each timeframe, it retrieves the high, low, open, and close prices of the previous bar. The pivot point is calculated as the average of the high, low, and close prices, which provides a central level where market sentiment may shift. This calculation is repeated for each timeframe, ensuring a multi-dimensional view of potential interest zones. Importance of Pivot Points : Pivot points are essential tools in technical analysis, providing traders with levels that act as potential support and resistance zones. These zones help identify price levels where reversals or breakouts are more likely to occur. Visual Representation : The core feature of this indicator is its ability to visualize pivot points as a heatmap on the chart. Instead of showing just the latest pivot points, it tracks the historical pivot swipe, providing a dynamic view of how price interacts with these key levels. Each pivot point is represented by a line, color-coded based on its position relative to other points, creating a gradient effect that highlights the most critical price areas. Customization Options : Traders can customize various aspects of the heatmap to suit their preferences. The indicator offers options to toggle pivot swipe history, enabling traders to either focus on the most recent price interactions or consider how price has behaved over time. The background color and pivot line colors are fully customizable, making it easy to match the heatmap with your chart's theme or emphasize certain price levels. Detecting Sweeps and Price Interaction : Another important feature is the detection of price interactions with pivot levels. If the current bar's high and low cross a pivot point, it signals that the pivot level has been "swept" by price action, potentially indicating a change in market sentiment. The indicator either extends the line if the pivot point remains relevant or deletes it if price has broken through. This dynamic adjustment helps traders stay updated on which pivot levels are still valid.
Pine Script® indicator
by UnknownUnicorn21926893
Histogram-based price zonesThis indicator provides a new approach to creating price zones that can be used as support and resistance. The approach does not use pivot points or Fibonacci levels. Instead, it uses the frequency of occurence of local maxima and minima to determine zones of interest where price often changed direction. The algorithm is as follows: - Gather price data from the last Lookback trading periods - Calculate rolling minima and rolling maxima along the price points with window size Window size - Build a histogram from the rolling extrema which are binned into different zones. The number of bins and therefore the width of a zone can be adjusted with the parameter Zone width factor - Select only the top fullest bins. The number of bins selected for plotting can be controlled with Zone multiplier The result are a number of boxes that appear on the chart which mark levels of interest to watch for. You can combine multiple instances of this indicator on different settings to find zones that are very relevant. Shown as an example is the Nasdaq 100 futures ( NQ1! ) on the D timeframe with levels built from the last 100 periods with default settings. The boxes are the only output of the indicator, no signals are created.
Pine Script® indicator
by jhmnk89
2
Psychological levels (Bank levels) PsychoLevels v3 - TartigradiaPsychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support, because traders and investors tend to set orders around these round numbers. The calculation done here is fully automatic and dynamic, contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by incrementing/decrementing these digits. This means it works for any symbol under any price range. This approach is based on neuroscience research, which found that human brains intuitively approximate numbers on a logarithmic scale, adults and children alike, and similarly to macaques, for more info see Numerical Cognition , Weber-Fechner Law , Zipf law . For example, if price is at 0.0421, the next major price level is 0.05 and medium one is 0.043. For another asset currently priced at 19354, the next and previous major price levels are 20000 and 10000 respectively, and the next/previous medium levels are 20000 and 19000, and the next/previous weak levels are 19400 and 19300. IMPORTANT: Please enable "Scale price chart only" in the chart's scale's options, as otherwise major levels may make the chart's scale very small and hard to read. How it works At any time, there are 3 levels of strength (1 leftmost digit, 2 leftmost digits, 3 leftmost digits) represented by different sizes, and 3 directional levels for each of these strengths (level above, level below, and half-level) represented by different colors and positions, around current price. Indeed, contrary to other similar price levels scripts, we do not plot ALL price levels at all times, because otherwise the chart becomes wayyy too cluttered, and also it's highly processing intensive to plot so many lines. So we here use a dynamical approach: we plot only the relevant levels, the closest ones according to current price. Hence, when a level disappears, it does not mean that it does not exist anymore, but simply that we are not drawing it right now because it is not pertinent for the current price movement (ie, too far away). Breakouts can be detected in two different ways depending on if SMA is set to a value higher than 1 or not: if SMA == 1, then there is no smoothing, so the levels adapt instantaneously to the current price, so to detect breakout, you should refer to the levels at the previous tick and whether they were broken by current tick's price; if SMA > 1, then there is some smoothing, and so the levels will stay in-place even if there is a breakout, so it's easier to spot breakouts without having to look at the previous ticks, but on the other hand you won't see the new levels for the new price range until after a few more ticks for the smoothing window to adapt. Hence, by default, smoothing is disabled, so that you can see the currently pertinent levels at all time, even right after or during a breakout. By default, the strong above level is in green, strong below level is in red, medium above level is in blue, medium below level is in yellow, and weak levels aren't displayed but can be. Half levels are also displayed, in a darker color. Strong levels are increments of the first leftmost digit (eg, 10000 to 20000), medium levels are increments of the second leftmost digit (eg, 19000 to 20000), and weak levels of the third leftmost digit (eg, 19100 to 19200). Instead of plotting all the psychological levels all at once as a grid, which makes the chart unintelligible, here the levels adapt dynamically around the current price, so that they show the above/below/half levels relatively to the current price. Indeed, "half-levels" are also displayed (eg, medium level can also display 19500 instead of only 19000 or 20000). This was made because otherwise the gap between two levels was too big, especially for the strongest levels (eg, there was no major level between 20000 and 30000, but with a half-step we also get a half-level at 25000, and empirically price tends to respect these half levels - I also tried quarter levels but empirically the results were not good). In addition to this hard-coded half-level, you can also create more subdivisions (eg, quarter levels) by setting the simple moving average to a value higher than 1. The script can be made to run on the daily timeframe whatever the current chart's timeframe is, to reduce the variability in levels, to make it less noisy than intraday price movement. But by default, the chart resolution is used, because I empirically found that the levels found with this indicator work on all time resolutions quite well. The step can be adjusted to increase the gap between levels, eg, if you want to display one every 2 levels then input step = 2 (eg, 22000, 24000, 26000, etc), or if you want to display quarter levels, input 0.25 (eg, 22000, 22250, 22500, etc). The default values should fit most use cases and cover most psychological levels. How to read Focust first on bigger dotted levels, they are stronger and more likely to cause a rebound or a major event or price to stay at this level. Remember that it's not enough to just look at levels, the context is important, because levels have various effects depending on current price movement: if price is above a level, the level is a support on which price can rebound; if price is below a level, the level is a resistance on which price can rebound (or break); and finally sometimes price also stays hovering around a level for some time. Levels closer to 9 are less weaker, and levels closer to 0 are stronger, according to Zipf law. This is now reflected since v3 in the transparency, levels that are closer to 9 will be more transparent. The switch in color for the same level illustrates how a level switches from being a support to a resistance and inversely. Eg, if a major level turns from green to red, then it changed from being a resistance (above) to a support (below). As is well known in trading, longer standing levels are stronger. This indicator provides a direct illustration: in practice, the number of consecutive dots on the same line influences the strength of the level: the longer the chain of dots, the more you can expect this price level to be significant. The length does not mean the level will necessarily hold, but that other traders are likely to monitor if it holds, and if not then price will break down. Hence, longer levels are good spots to place stop losses, or to enter trades depending on your strategy. In general, a single dot is not enough to consider a level significant, but 2 or more is a good enough level, and 10+ is a strong level. Intuitively, this makes sense, and is what pro traders do: the longer a level is tested, the stronger it is. This indicator can visually represent this intuition and allows to use it as a more systematic trading signal. Motivation I initially made the first version of the PsychoLevels indicator mainly to train with PineScript, but I found it surprisingly accurate to define levels that are respected by price movements. So I guess it can be useful for new traders and experienced traders alike, as it's easy to forget that psychological levels can often be as strong if not stronger than technical levels. It can also be used to quickly screen other minor assets for trading opportunities. For example, a hybrid strategy would be to manually define levels on BTCUSD but using this script to automatically define levels in crypto altcoins and quickly screen them for a trade opportunity that can be greater than with BTCUSD but with the same trend. Personally, although initially I did not believe an automated tool would work well for this purpose, I could now empirically verify that it is quite reliable for the purpose of detecting levels, and so I use it all the time to find the levels automatically and help me monitor them like a hawk, so that I only have to draw uber major levels, the ones that last between cycles and that are hard to autodetect, but otherwise all daily/weekly levels are usually covered. However, trendlines must still be drawn manually or with another indicator (but note that up to now I have found none that worked well enough), as PsychoLevels only draws levels (ie, horizontal lines, not oblique ones!). Differences with the previous version PsychoLevels v2 price levels now have a transparency according to their importance for the human brain: numbers closer to 9 are weaker, and numbers closer to 0 are stronger and represent a major psychological threshold (eg, that's why prices marked as $9.99 sell better than $10.00). This option can be disabled to get the exact same behavior as v2. modularized and typed code PsychoLevels v2 can be found here:
Pine Script® indicator
by tartigradia
13
AIO Key LevelsAll In One Key Levels - Displays key levels for any type of chart. Over 30 levels at your complete disposal. Filled with a host of features that allow you to customise the appearance and display of the indicator to suit your individual trading style. The result is a clear and concise indicator that helps traders easily identify key levels. - The indicator is easy to use and does not need a detailed description. - With customisable input parameters such as display style, line style, font style, offset, threshold and index. - The colours for the key levels can also be customised. - The script uses a 'switch' function and selected input parameters to set display, line and font styles. - The key levels are constructed using the data received and the selected styles and colours. - A unique cycle helps to improve the readability of the levels without "polluting" the graph with multiple labels - In addition, I have left hints in the indicator to help you understand it better. For Pine coders. Why did I create it when there are many counterparts? Simply because counterparts have very large and complex code and modest functionality and flex. Here I have managed to fit it into 100 lines still readable. You can learn how to call lots of lines and marks with just one function. I also created a unique loop that connects labels if they are too close together for better visibility on a plot. I have left detailed comments for each action. I would be glad if someone could tell me how to make it more easier.
Pine Script® indicator
by HALDRO
38
Prior day and pre-market high lowThis indicator displays the: - Prior day high - Prior day low - Pre-market high - Pre-market low as a coloured line across the entire session for each individual session on an intraday chart. For the extended session, this indicator marks the prior day and pre-market high low for each individual session starting at the pre-market and ending in the post-market, a feature not available on other indicators. This indicator automatically marks out the levels for the prior day and pre-market high low for each individual session, allowing the user to observe how the price action behaves around the prior day and pre-market high low. Note: In this script, request.security() used with lookahead = barmerge.lookahead_on to fetch prices without offsetting the series by for the extended session does not access future data. This is because for extended session, request.security() sees the start of the session to be at the start of the regular session and ends at the end of the pre-market, when in reality the session starts at the start of the pre-market and ends at the end of the post-market. Hence in each extended session when the line is first drawn in the pre-market, request.security() returns the value of the prior day high/low, and not future data.
Pine Script® indicator
by nkwdesmond
177
Real Price Line + Dots (for Heikin Ashi)Real Price Line + Dots (for Heikin Ashi) This indicator is designed for use on Heikin Ashi charts. Its purpose is to enable traders to benefit from price averaging and smoothing effects of Heikin Ashi candles whilst also enabling them to see the current real price line, and optionally, real price close dots on the Heikin Ashi candlesticks. Features include: - Optional real price line - Optional real price close dots - Customisable colours - Customisable line style - Customisable line width What are Heikin Ashi candles? Heikin Ashi means 'average bar' in Japanese, Heikin Ashi charts do not show real price as standard, due to the way the Open, High, Low and Close values are calculated using averages, This is done in order to create a smoother appearance and reduce the market 'noise'. You can read more about Heikin Ashi candlesticks here. NOTE: - If real price dots appear behind the candles, you may need to select the triple dot menu on the indicator then select "Visual order" > "Bring to front" , so that the dots are shown above the candles. - When using this indicator on a Heikin Ashi chart, the standard Tradingview price line will not show accurate real price. Therefore when using the price line in this indicator, the standard price line should be disabled within the Tradingview 'Chart settings' dialog > 'Symbol' tab > uncheck 'Last', under the 'Price line' section.
Pine Script® indicator
by PHVNTOM_TRADER
21
Psychological levels (Bank levels) PsychoLevels v2 - TartigradiaPsychological levels (Bank levels) plots "round" price levels above and below current price, by truncating after the nth leftmost digits, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers around which price often experience resistance or support, because traders and investors tend to set orders around these round numbers. Calculation here is fully automatic and dynamic, contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by incrementing/decrementing these digits. This means it works for any symbol under any price range. This approach is based on neuroscience research, which found that human brains intuitively approximate numbers on a logarithmic scale, adults and children alike, and similarly to macaques, for more info see Numerical Cognition , Weber-Fechner Law , Zipf law. For example, if price is at 0.0421, the next major price level is 0.05 and medium one is 0.043. For another asset currently priced at 19354, the next and previous major price levels are 20000 and 10000 respectively, and the next/previous medium levels are 20000 and 19000, and the next/previous weak levels are 19400 and 19300. Usage: * By default, strong upper level is in green, strong lower level is in red, medium upper level is in blue, medium lower level is in yellow, and weak levels aren't displayed but can be. Half levels are also displayed, in a darker color. Strong levels are increments of the first leftmost digit (eg, 10000 to 20000), medium levels are increments of the second leftmost digit (eg, 19000 to 20000), and weak levels of the third leftmost digit (eg, 19100 to 19200). Instead of plotting all the psychological levels all at once as a grid, which makes the chart unintelligible, here the levels adapt dynamically around the current price, so that they show the upper/lower levels relatively to the current price. * A simple moving average is implemented, so that "half-levels" are also displayed when relevant (eg, medium level can also display 19500 instead of only 19000 or 20000). This can be disabled by setting smoothing to 1. * By default, the script runs on the daily timeframe, whatever the current chart's timeframe is. This is to reduce the variability in levels, to make it less noisy than intraday price movement, but this can be changed in the settings. * The step can be adjusted to increase the gap between levels, eg, if you want to display one every 2 levels then input step = 2 (eg, 22000, 24000, 26000, etc), or if you want to display quarter levels, input 0.25 (eg, 22000, 22250, 22500, etc). The default values should fit most use cases and cover most psychological levels. I made this script mainly to train with PineScript, but I found it surprisingly accurate to define levels that are respected by price movements. So I guess it can be useful for new traders and experienced traders alike, as it's easy to forget that psychological levels can often be as strong if not stronger than technical levels. It can also be used to quickly screen other minor assets for trading opportunities. For example, a hybrid strategy would be to manually define levels on BTCUSD but using this script to automatically define levels in crypto altcoins and quickly screen them for a trade opportunity that can be greater than with BTCUSD but with the same trend. Changes compared to v1: * Deduplicated redundant calculations and hence faster script. * Added half-step levels, which allows to more easily see breakouts (because the levels are still on-screen). * All steps are now configuration on the GUI. * Revamped color scheme. * And major reasons to post as a separate v2 script rather than updating: because we can't update the original description nor screenshot. I have now read more about the House Rules and saw other scriptmakers, so I am trying to write better descriptions like wizards do, by explaining not only how the script works but what the underlying financial concept is to a neophyte audience.
Pine Script® indicator
by tartigradia
3
Mark LevelsMark Levels is marking liquidity pools by drawing lines on their pivots and labelling them so that you can instantly detect them on your realtime chart It supports: - marking previous and current day lows and highs - marking previous and current week lows and highs - marking previous and current month lows and highs - marking equal lows and highs technically it re-builds them on the last bar or as soon as new realtime bar is updated. it looks with 1k bars back to find higher timeframe ranges and find lows and highs there Adjustments: - changing the line style of the group - changing the lines color and the labels on the groups - currently pools are split on 2 groups Period Liquidity and Equal Pivots Liquidity.
Pine Script® indicator
by MarkTools
113
Unraided Liquidity and S/R PivotsThis indicator is designed to show key pivot points, also known as levels, which could provide good trade entries. Utilising liquidity concepts, untested pivot levels can be a good place to enter a trade after the pivot is tested, liquidity is taken and the direction reverses. Alternatively, utilising the option of viewing already tested levels, you can easily see the key support and resistance areas that price is likely to have a strong reaction to, whether it wants to go toward or bounce away from these levels. The indicator does not give buy and sell signals, it is up to you to use the levels to form your trading plan. Oorah.
Pine Script® indicator
by Texmoonbeam
15
Auto Round levels by Script051This indicator is designed to show psychological levels/round levels. The difference between this version and the others is that : It will automatically show round levels for each symbol you select without having to enter "tick value" manually. Settings Gap : If the value is equal to zero, the round levels will be found automatically, but if you change the value, the gap between the lines will be adjusted based on the value you specified. X2 and /2 : doubles or halves the distance between round lines Number of lines : Specifies the number of lines to be displayed
Pine Script® indicator
by script051
Grid Settings & MMThis script is designed to help you plan your grid trading or when averaging your position in the spot market. The script has a small error (due to the simplification of the code), it does not take into account the size of the commission. You can set any values on all parameters on any timeframe, except for the number of orders in the grid (from 2 to 5). The usage algorithm is quite simple: 1. Connect the script 2. Install a Fibo grid on the chart - optional (settings at the bottom of the description) 3.On the selected pair, determine the HighPrice & LowPrice levels and insert their values 4.Evaluate grid data (levels, estimated profit ’%’, possible profit ‘$’...) And it's all) Block of variables for calculating grid and MM parameters Variables used regularly --- HighPrice and LowPrice - constant update when changing pairs --- Deposit - deposit amount - periodically set the actual amount Variables that do not require permanent changes --- Grids - set the planned number of grids, default 5 --- Steps - the planned number of orders in the grid, by default 5 --- C_Order - coefficient of increasing the size of orders in the base coin, by default 1.2 --- C_Price - trading levels offset coefficient, default 1.1 --- FirstLevel - location of the first buy level, default 0.5 --- Back_HL - number of candles back, default 150 *** For C_Order and C_Price variables, the value 1 means the same order size and the same distance between buy levels. The fibo grid is used for visualization, you can do without it, ! it is not tied to the script code ! You can calculate the levels of the Fibo grid using the formula: (level price - minimum price) / (maximum price - minimum price) For default values, grid levels are as follows: 1 ... 0.5 2...0.359 3 ... 0.211 4...0.0564 5...-0.1043 Short description: in the upper right corner --- indicator of the price movement for the last 150 candles, in % !!! there is no task here to "catch" the peak values - only a relative estimate. in the upper left corner --- total amount of the deposit --- the planned number of grids --- “cost” of one grid --- the size of the estimated profit depending on the specified HighPrice & LowPrice in the lower left corner --- Buy - price levels for buy orders --- Amount - the number of purchased coins in the corresponding order --- Sell - levels of profit taking by the sum of market orders in the grid --- $$$ - the sum of all orders in the grid, taking into account the last active order --- TP - profit amount by the amount of orders in the grid
Pine Script® indicator
by avgtrade
1
CRYPTO MARKET SESSION ANALYZER INDICATORCrypto Market Session Analyzer is an easy-to-use yet powerful analysis tool that helps the trader visualize and analyze price movements over three different trading sessions: 1) European Session 2) US session 3) Asian session Automatically tracks the corresponding levels for each market session. This indicator can be used on all timeframes equal to or less than 15 minutes. Although this is a simple indicator to use, some care must be taken when using it. The trader must be careful to set the correct times for each session according to his UTC timezone. By default the indicator uses UTC. If your console is set to UTC + 2 for example, you will need to take this into account and align the times correctly. You can adjust the time for each session from the user interface. Following the example, if the opening of the UE session is set to 9 and UTC of your console is set to UTC + 2, the script will proceed to create the level at opening time 11. HOW IT WORK The indicator automatically draws a horizontal line at the open and a horizontal line at the close of each session. The indicator clears past support and resistance every 24 hours to provide a clean and easy-to-read chart, updating new levels session after session. Blue indicates the EU session. Orange indicates the US session. Purple indicates the Asian session.
Pine Script® indicator
by thequantscience
Silen's Pseudo VPVR / Pseudo Volume Profile Custom RangeDisclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data. Core facts: Creates a pseudo Volume Profile by counting values of candles and sorting them into a Profile. Works for charts that don't provide any Volume Information. Can display up to 5 different Value Levels. Value level colors are (from largest to smallest level): Red, Orange, Yellow, Green, Blue. The Value levels can be used as Support and Resistance indicators. The Custom Range of the Volume Profile can be adjusted from 10 to 1500 bars. Much faster than the other custom pseudo VPVRs out there. Shortcomings: As the chart progresses with bars the line positions will distort to the left side. Refreshing the tradingview page or switching to another time interval fixes this. I might fix this issue in the future. Does not use actual Volume nor display actual Volume. Note: For those who wondered what happened to my first version of this indicator: It got taken down by Tradingview because it was misleading as to using the words "Volume Profile" and "Visible Range". I fully support their decision and I hope I could clear any misunderstandings! Give their team a heads up for the hard work they're doing in keeping this place clean and well organized! Enjoy! :)
Pine Script® indicator
by The_Silen
53