The volume of a single candlestick is uniformly distributed by its range (high - low) along all the colliding volume profile bars. For example, if a 10% of a candlestick intersects some volume bar (horizontal line) only the 10% of that candlestick volume will contribute to that profile.
Note di rilascio
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V2. The lookback line is updated at every new candlestick. Updated Tags.
Note di rilascio
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V3. Requested by: ko_dori Added input: color picker. Choose the color the volume bar. Added input: max transparency. If higher value -> less important bars are more transparent.
Note di rilascio
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V4. Requested by @TraderX_Unkown
Added Input: Low color . Pick the color profile of the tightest profiles.
Remove Input: Max transparency. Obsolete by the previous input. You are free to select the transparency of the Lower profile.
Added Input: Gradient change. With this you can select different algorithms to control the gradient change between High-Low volume colors. Can be used to highlight the wider profiles.
can you add a function to show the Highest value of the line as other color or bold it?
Appreciate it! Your script is fantastic!
cryptocashcashoo
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@TraderX_Unknown,
See the last update (v4): now select different colors for wider and tighter volume profiles. Also include different algorithms to go trough the two colors.
Hope you liked it!
can you add an option of visible (transparent setting) and color?
cryptocashcashoo
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@ko_dori, now you can select your favorite color.
The transparency gradient will be done automatically ;)
*You can also choose to not use any gradient per se: set the max transparency to 0.