Frequency and Volume Profile

FREQUENCY & VOLUME PROFILE

⚪ OVERVIEW
The Frequency and Volume Profile indicator plots a frequency or volume profile based on the visible bars on the chart, providing insights into price levels with significant trading activity.

⚪ USAGE

● Market Structure Analysis:
Identify key price levels where significant trading activity occurred, which can act as support and resistance zones.

● Volume Analysis:
Use the volume mode to understand where the highest trading volumes have occurred, helping to confirm strong price levels.

● Trend Confirmation:
Analyze the distribution of trading activity to confirm or refute trends, mark important levels as support and resistance, aiding in making more informed trading decisions.

● Frequency Distribution:
In statistics, a frequency distribution is a list of the values that a variable takes in a sample. It is usually a list. Displayed as a histogram.

⚪ SETTINGS

Source: Select the price data to use for the profile calculation (default: hl2).
Move Profile: Set the number of bars to offset the profile from the current bar (default: 100).
Mode: Choose between "Frequency" and "Volume" for the profile calculation.
Profile Color: Customize the color of the profile lines.
Lookback Period: Uses 5000 bars for daily and higher timeframes, otherwise 10000 bars.

The Frequency Profile indicator is a powerful tool for visualizing price levels with significant trading activity, whether in terms of frequency or volume. Its dynamic calculation and customizable settings make it a versatile addition to any trading strategy.

Note di rilascio

- Highest and Lowest period Calculations

Note di rilascio

- Description update

● Market Structure Analysis:
Identify key price levels where significant trading activity occurred, which can act as support and resistance zones, due to high price activity.
The more often price cross certain levels, the bigger value will profile show at that level, which is Frequency mesurment of price activity.

Note di rilascio

- Description update

Visual Warning
if there are not enough bars on higher timeframes to calculate highs and lows to calculate bins, a warning will appear. Use lower timeframe then.

Note di rilascio

Thumbnail Update

Note di rilascio

- Added Feature

EXTEND PROFILE
Enabling this feature allows you to highlight levels of high interest. Also, with the help of color intensity settings of high and low values, the user is able to adjust and filter the levels

Note di rilascio

-Updated HeatMap
-Max high and Min Low of Profiles

Note di rilascio

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

VanHe1sing

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Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

VanHe1sing

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