OPEN-SOURCE SCRIPT

Volume Profile Matrix [LuxAlgo]

The Volume Profile Matrix indicator extends from regular volume profiles by also considering calculation intervals within the calculation window rather than only dividing the calculation window in rows.

Note that this indicator is subject to repainting & back-painting, however, treating the indicator as a tool for identifying frequent points of interest can still be very useful.

🔶 SETTINGS

  • Lookback: Number of most recent bars used to calculate the indicator.
  • Columns: Number of columns (intervals) used to calculate the volume profile matrix.
  • Rows: Number of rows (intervals) used to calculate the volume profile matrix.


🔶 USAGE

Snapshot

The Volume Profile Matrix indicator can be used to obtain more information regarding liquidity on specific time intervals. Instead of simply dividing the calculation window into equidistant rows, the calculation is done through a grid.

Snapshot

Grid cells with trading activity occurring inside them are colored. More activity is highlighted through a gradient and by default, cells with a color that are closer to red indicate that more trading activity took place within that cell. The cell with the highest amount of trading activity is always highlighted in yellow.

Snapshot

Each interval (column) includes a point of control which highlights an estimate of the price level with the highest traded volume on that interval. The level with the highest traded volume of the overall grid is extended to the most recent bar.
GRIDluxalgomatrixPOCrepaintsupportVolume IndicatorVolume ProfilevolumeprofileanalysisvolumeprofileindicatorVolume

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


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All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
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