OPEN-SOURCE SCRIPT

Volume Profile with 8 EMAs and Ichimoku Cloud — Multi-Timeframe

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This script merges three proven concepts — Volume Profile, 8 customizable EMAs, and Ichimoku Cloud — into a single overlay that helps traders quickly identify **high-probability zones for entries and exits.

1. Volume Profile (Market Profile logic, Steidlmayer 1980s)
- Builds a horizontal histogram over the selected look-back period
- Highlights the **Point of Control (PoC) and Value Area (VA) where 68 % of volume traded
- Choose between **bullish, bearish, or both volume types
- Toggle **visible-range or fixed-bar mode

2. Eight Exponential Moving Averages
- Default lengths: 10, 25, 61, 78, 125, 150, 300, 500
- Each EMA can **trigger its own crossover alert** (up/down arrows on chart)
- Colors and thickness automatically scale with length for instant visual parsing

3. Ichimoku Cloud (Goichi Hosoda, 1930)
- Full cloud calculation: Tenkan, Kijun, Senkou A/B, Chikou
- Dynamic trend labels: “Bullish Trend” / “Bearish Trend” when price is above/below the cloud and TK cross agrees
- Cloud color reflects sentiment (green = bullish, red = bearish)

How to use
- Look for **confluence**: price inside Value Area + EMA stack aligned + Ichimoku cloud color match
- Use PoC as intraday support/resistance for scalps
- Enable only the **EMA alerts you actually trade** to avoid noise

This is not a simple mash-up**: the three modules are visually integrated so that Volume Profile levels, EMA slopes, and Ichimoku cloud boundaries can be compared at a glance without switching indicators.

Haftungsausschluss

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