OPEN-SOURCE SCRIPT
Pso VP 2.0
This indicator provides an advanced volume analysis tool that visualizes trading activity across different price levels and automatically identifies key support and resistance zones.
How It Works:
The Volume Profile analyzes historical price and volume data within a specified lookback period, distributing volume across horizontal price levels. Unlike traditional volume indicators that show volume over time, this tool displays volume at price, revealing where the most significant trading activity has occurred.
The algorithm:
Divides the price range into customizable horizontal bars (bins)
Calculates and accumulates volume for each price level
Identifies high-volume nodes that often act as support or resistance levels
Uses percentile filtering to highlight the most significant trading areas
Key Features:
Automatic S/R Detection: Uses volume percentile filtering to identify the most significant price levels
Dynamic Support/Resistance Lines: Automatically draws horizontal black lines at high-volume areas that typically act as price magnets or barriers
Customizable Parameters: Full control over lookback period, number of price bars, percentile thresholds, profile width, opacity, and line projections
Clean Aesthetic: Monochrome design for professional chart presentation
How It Works:
The Volume Profile analyzes historical price and volume data within a specified lookback period, distributing volume across horizontal price levels. Unlike traditional volume indicators that show volume over time, this tool displays volume at price, revealing where the most significant trading activity has occurred.
The algorithm:
Divides the price range into customizable horizontal bars (bins)
Calculates and accumulates volume for each price level
Identifies high-volume nodes that often act as support or resistance levels
Uses percentile filtering to highlight the most significant trading areas
Key Features:
Automatic S/R Detection: Uses volume percentile filtering to identify the most significant price levels
Dynamic Support/Resistance Lines: Automatically draws horizontal black lines at high-volume areas that typically act as price magnets or barriers
Customizable Parameters: Full control over lookback period, number of price bars, percentile thresholds, profile width, opacity, and line projections
Clean Aesthetic: Monochrome design for professional chart presentation
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.