fikira

Volume Profile Auto [line]

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This project is about:

- VPSV
- array.new_line()
- array.new_box()

VPSV (pine) is one of the rare features that draws lines/figures BETWEEN bars

It doesn't run on Pine script, which makes it possible to do such things.

I wanted to have something similar while a restriction of Pine script is the impossibility to draw between bars, the only way I could think of is by using line width

In this script the higher timeframe is started with several lines (left) and a box, this box goes further until the higher timeframe ends.

During the creation of the box, each candle (lower timeframe) in this box (higher timeframe - period) is checked for position and volume, the volume is added to the left line, so when you see a thicker line, this means at that level there is more volume traded.

One of the big differences with other volume profiles is that many look back to a previous period, here when a period starts, the lines collect data - volume until the period ends, it is especially very visible in very low TF's (seconds)

This is my first script with array.new_line() - array.new_box(), which is a very nice Pine feature!
I hope this script can be helpful to see the possibilities

Settings:

'Parts' -> amount of lines (left of box)

5 Parts:

15 Parts:

25 Parts:

50 Parts:

'Max Width' -> Sets the max width of the lines

'Automatic Settings' -> Sets the higher time frame automatically, see the tooltip ⓘ for more info

The yellow line is the max volume line of that period, last period has a red line (POC), also referring the max.

Cheers!
Versionshinweise:
bugfix
Versionshinweise:
Improvement of array clean-up (Thanks @HeWhoMustNotBeNamed !)
Versionshinweise:
Added more POC lines

LuxAlgo Dev: www.luxalgo.com
PineCoder: www.pinecoders.com

- We cannot control our emotions,
but we can control our keyboard -
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

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