OPEN-SOURCE SCRIPT
Simple VP Shape Detector
Simple VP Shape Detector is a lightweight Pine Script tool designed to help traders quickly identify the four major Volume Profile shapes commonly used in orderflow and auction-market theory:
D-Shape (Balanced Profile)
P-Shape (Short-Covering / Buyer-Dominant)
B-Shape (Long-Liquidation / Seller-Dominant)
Thin Profile (Trend Profile)
This indicator uses candle statistics (range, body size, volume distribution approximation, and directional movement) to estimate the underlying shape of the volume profile when the full Volume Profile tool is not available.
✔️ What this indicator does
Analyzes recent bars to estimate volume concentration vs. price movement
Flags possible VP shapes using simple logic
Displays labels above/below candles showing:
“D” → Balanced
“P” → Buyer-heavy
“B” → Seller-heavy
“T” → Trending / Thin profile
Helps traders quickly identify auction conditions
✔️ Why this is useful
Volume Profile tools require premium data or heavy visual processing.
This script provides a simple, fast, CPU-light alternative that still captures the essential behavior of profile shapes.
✔️ How shapes are detected
D-Shape: small directional movement + larger body clustering
P-Shape: strong upward move + volume weighted to upper half
B-Shape: strong downward move + volume weighted to lower half
Thin: long range candles with little internal consolidation
⚠️ Disclaimer
This script is an approximation. It does NOT replace full Volume Profile tools.
It is designed as an educational / supplemental tool for market structure analysis.
D-Shape (Balanced Profile)
P-Shape (Short-Covering / Buyer-Dominant)
B-Shape (Long-Liquidation / Seller-Dominant)
Thin Profile (Trend Profile)
This indicator uses candle statistics (range, body size, volume distribution approximation, and directional movement) to estimate the underlying shape of the volume profile when the full Volume Profile tool is not available.
✔️ What this indicator does
Analyzes recent bars to estimate volume concentration vs. price movement
Flags possible VP shapes using simple logic
Displays labels above/below candles showing:
“D” → Balanced
“P” → Buyer-heavy
“B” → Seller-heavy
“T” → Trending / Thin profile
Helps traders quickly identify auction conditions
✔️ Why this is useful
Volume Profile tools require premium data or heavy visual processing.
This script provides a simple, fast, CPU-light alternative that still captures the essential behavior of profile shapes.
✔️ How shapes are detected
D-Shape: small directional movement + larger body clustering
P-Shape: strong upward move + volume weighted to upper half
B-Shape: strong downward move + volume weighted to lower half
Thin: long range candles with little internal consolidation
⚠️ Disclaimer
This script is an approximation. It does NOT replace full Volume Profile tools.
It is designed as an educational / supplemental tool for market structure analysis.
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.