The_Silen

Silen's Pseudo VPVR / Pseudo Volume Profile Custom Range

Disclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.

Core facts:
  • Creates a pseudo Volume Profile by counting values of candles and sorting them into a Profile.
  • Works for charts that don't provide any Volume Information.
  • Can display up to 5 different Value Levels.
  • Value level colors are (from largest to smallest level): Red, Orange, Yellow, Green, Blue.
  • The Value levels can be used as Support and Resistance indicators.
  • The Custom Range of the Volume Profile can be adjusted from 10 to 1500 bars.
  • Much faster than the other custom pseudo VPVRs out there.

Shortcomings:
  • As the chart progresses with bars the line positions will distort to the left side. Refreshing the tradingview page or switching to another time interval fixes this. I might fix this issue in the future.
  • Does not use actual Volume nor display actual Volume .

Note: For those who wondered what happened to my first version of this indicator: It got taken down by Tradingview because it was misleading as to using the words "Volume Profile" and "Visible Range". I fully support their decision and I hope I could clear any misunderstandings! Give their team a heads up for the hard work they're doing in keeping this place clean and well organized!

Enjoy! :)

Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?