Volume Profile: Intra-bar VolumeThis indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there.
Scope
The indicator shall attempt to do the following:
Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart.
Create a function to loop through through candles and make an assessment.
If the candle it closed up, the volume will be categorized as buying volume. Conversely, if it closed down, the volume will be categorized as selling volume
The function will then be passed to the security() function to run on a lower timeframe.
All buying volume and selling volume from the lower time-frame shall be summed and displayed on the main chart.
Important Note
This indicator will not give you genuine buying or selling volume. It simply follows the assumption that if price closed up, there must have been more buyers than sellers and if it closed down we assume the opposite.
Usage
In order to use this indicator, users will need to calculate how many lower time-frame bars are contained in the time-frame on the main chart. So for example, the default settings are configured for the indicator to be run on the 1H chart. As a result, we need to set the "Bars on Lower Timeframe" input to 12. This is because there are 12 x 5-minute bars in 60 minutes.
Profilo volume
Angled Volume Profile [feeble]BETA VERSION
this indicator maps volume as brightness over an SMA. the brightness then fades over time.
It draws 30 bands, so you will need to load multiple instances to get a large picture.
Configure the settings, then copy and paste the indicator, modifying only the vertOffset attribute each time
Patience, bruh. This takes a long time load. Chrome runs it faster than Firefox. ¯\_(ツ)_/¯
Please let me know if you can think of how to optimize it.
Feedback is appreciated is you use it :)
sample with 6 instances:
settings:
useLog: enable if you are using a log graph
rowHeight: resolution of rows.
vertOffset: normally if you have 5 instances, the values will be -2,-1,0,1,2
fadeAmt: how long it takes for volume to fade once it is picked up
volumeMin and Max: the volume range displayed.
volumeResolution: time resolution at which volume data is collected - this is why the fadeAmt is so high, and why the graph runs out of data after a period back
EMA length: its Actually SMA but I wrote it wrong. eg. for a 20 day period on a 15min chart you go ( 20 days x 24 hrs x 4 quarter hours = 1920) - I hope to automate this in a future version :p
Smart VolumeOut of beta!
This script distinguishes up/down volume based on lower resolution.
It's important to set correct input "Detailed Resolution" — it affects detalization/loading speed. If equal to chart resolution, should match builtin "volume". The lower it is, the more detalized up/down border.
Smart Volume (beta)This script distinguishes up/down volume based on lower resolution.
It's important to set correct inputs. Second - affects detalisation/loading speed. Third one needs to be set according to your chart resolution. 1440 for 'D', 30 for '30'.
