Dynamic Volume Profile

16. Feb. 2018

The result of standard volume profile is fix for a specified period of time. However, in this script the result is dynamic, because its calculated for every bar. In this script you can see the change of Point of Control, Value Area High and Value Area Low in real time.

Point of Control is the price level for the time period with the highest traded volume.
The area between value area low and value area high (green background) is the area where 70% of traded volume happen. You can customize this percentage value in input section.

Trader can customize input:

• Period length
  
• Number of rows
  
• Percentage of value area
  

Reference:
https://www.tradingview.com/wiki/Volume_Profile

19. Feb. 2018

Versionshinweise

Update:

• value area low and value area high calculation
  
• default input value. now is 30, 30, 70
  

20. Feb. 2018

Versionshinweise

update some logic for better result