Alos Volume Profile Candles (SVP)

il y a 4 jours

ALOS Volume Profile Candles (SVP)

Summary

IMPORTANT: This indicator is designed to be used only with TradingView's 'Session Volume Profile' chart type. It will not work correctly with standard candle charts.

This indicator powerfully visualizes intra-session price action by dividing a single session profile into a specific number of equal-sized synthetic candles.

Instead of viewing a session as one single block, you can now break it down into parts (like quarters or thirds) to see how price behaved during each segment of the profile.

Key Features

• Custom Session Slicing: Set "Candles per session" to 4 to see the session in quarters, 6 to see it in sixths, or any number you choose.
  
• Full Session Control: Works perfectly with any custom session time, including complex overnight sessions (like '1800-1700' for CME crypto futures)
  
• Accurate OHLC Calculation: Each synthetic candle correctly calculates and displays its own Open, High, Low, and Close for its specific time slice.
  
• Clean Charting: Use the "Keep last sessions" input to control how many old sessions are drawn, preventing chart clutter and keeping your analysis focused on recent price action.
  

How to Use

1. On your TradingView chart, change the chart type to "Session Volume Profile".
   
2. Add the "ALOS Volume Profile Candles (SVP)" indicator to your chart.
   
3. Set your desired Session time in the indicator settings (or keep the default).
   
4. Choose the number of Candles per session you want to divide it into.
   
5. Adjust Keep last sessions to control how much history is displayed.
   

This tool is ideal for traders who want to analyze price behavior during the opening, middle, and closing parts of a session, or for breaking down long 24-hour crypto sessions into more manageable chunks.

il y a 4 jours

Notes de version

Update: Added Moving Averages!

I've integrated a full-featured Simple Moving Average (SMA) indicator directly into the script. This new section includes:

• A primary Moving Average (MA) based on the original SMA script.
  
• A secondary "Smoothing MA" that can be an SMA, EMA, SMMA, etc.
  
• Optional Bollinger Bands based on the smoothing MA.
  

Why was this added?
The new moving averages make it much easier to track real-time price action. Without them, it was difficult to see the current trend on the synthetic candles. Now, you can clearly see what price is doing right now! (In my example I have changed the color, and thickness/style in the settings of the indicator)

As always, let me know if you have any feedback.