This is a Volume Profile based on pine script arrays. The main idea behind this script is from the user @IldarAkhmetgaleev[script: Poor man's volume profile]. He created an awesome piece of code for free users on tradingview. Here are some changes to the main script: 0. Used Pine Script Arrays for doing/storing calculations. 1. The bar labels are replaced with lines. 2. Added a POC line. 3. Bar growing directions changed from right to left. 4. Added an option to change bar width.
Inputs: 0. Volume Lookback Depth [10-1000] : Number of bars to look back for volume calculations. 1. Bar Length Multiplier [10-100] : Bar length multiplier to make bar long or short. 2. Bar Horizontal Offset [0-100] : Horizontal distance from the current bar in the right direction. 3. Bar Width [1-20] : Width of the bars. 4. Show POC Line : Show or hide the POC line.
Happy trading.
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Added option for changing Bar and POC line colors.
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According to the latest update from the Tradingview, now we can define number of drawable lines in the study parameter as 'max_lines_count' up to the 500. So here are our Volume Profile script with updated features.
Changes: 1. Added option for setting number of bars from 10 to 500. 2. Codes cleaned little bit.
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Added delta option as suggested by @NXT2017. Options: Both, Bullish and Bearish.
Both: bullish and bearish both candles ae used to calculate volume profile (default). Bullish: only bullish candles are used. Bearish: only bearish candles are used.
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For viewing delta in volume profile, add this indicator two times and set delta type to bullish on the first one and bearish on the second one, now set same bar numbers on both.
hey buddy i love this indicator, however on ES i keep getting a error that says "Loop Takes too long to execute (> 500 ms) can you help with
qgbcs
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@felonyfinance,I got Loop takes too long to execute too, Study Error The study references too many candles in history
BigBangTheory
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i luv it! thanks
UnknownUnicorn11161970
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Any chance you can add these options in the settings?
1- VAH
2- VAL
3- Buy and Sell mode
4- Developing POC line
Many thanks for your efforts, pal!
l0stsoul
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Very nice! I didn't realize there is a free Volume Profile last time I checked the library.
How did you get the green / red color in addition to the white color on the bar? I don't see that option in your code.
When the vp_max_bars or vp_lookback is larger than the max bars (bar_index + 1), the price profile can't be rendered.
When I use replay function, the bar width sometimes becomes really big and position moves as well.
Many thanks for your contribution!
btcgreat
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great jobs.thank you very.if it support changing colors,better.