OPEN-SOURCE SCRIPT
RS: Market Profile
Updated
A Market Profile (time price opportunity) implementation with an option to mark a point of control (POC) based on volume.
Config: Hide default candles. Select a session time using exchange timezone. Experiment with tick multiplier value to achieve desired level of detail. Choose the symbols of your choice, e.g. squares or A-Z chars. For multiple sessions you will have to add additional instances of this script with a different time configuration.
Limitations: TradingView has a hard limit for the number of characters (500), if it's reached, label rendering stops. Try increasing tick multiplier value to reduce the number of labels rendered or reduce the window size.
Features:
Config: Hide default candles. Select a session time using exchange timezone. Experiment with tick multiplier value to achieve desired level of detail. Choose the symbols of your choice, e.g. squares or A-Z chars. For multiple sessions you will have to add additional instances of this script with a different time configuration.
Limitations: TradingView has a hard limit for the number of characters (500), if it's reached, label rendering stops. Try increasing tick multiplier value to reduce the number of labels rendered or reduce the window size.
Features:
- Use symbols or A-Z chars for TPOs
- Mark POC
- Calculate Value Area (volume or time based)
- Highlight single prints (SP)
- Highlight VWAP
- Show daily bar
- Highlight Open and Close
- Highlight current price row (during live market)
- Highlight initial balance (IB)
Release Notes
Removed unused text size options.Release Notes
Remove unused attribute.Release Notes
Cleanup unused code.Release Notes
TouchupRelease Notes
Update chartRelease Notes
Make sure the script works on free accounts.Release Notes
- Extend VAH/VAL and POC lines (disabled by default)
- Mark period opening price, either use case swap or '0' character (disabled by default)
Release Notes
Fix house rules violationRelease Notes
Update the chartRelease Notes
Bugfix: terminate extension lines even for 24h sessionsRelease Notes
- Introduce weekly and monthly profiles
- Add value area percentage input
Release Notes
- Add option to split the profile (available only if A-Za-z rendering is selected)
Release Notes
Introduce a "Fixed" range timeframe (arbitrary start/end date profile)E.g.
Release Notes
Add option to show volume numbers in "Fixed" market profile modeRelease Notes
Add background for fixed rangeRelease Notes
Improve closing price marking in A-Za-z profilesRelease Notes
- Add high/low extension lines (hidden by default)
- Simplify lower TF logic (volume)
Release Notes
Use all or nothing for VPRelease Notes
Allow to show midpoint extension line (hidden by default). Midpoint calculation algorithm can be either:
- High/Low based (midpoint)
- TPOs count based (similar count on both sides)
Release Notes
Add an option to choose the time settings in a specific timezone (defaults to exchange timezone).Release Notes
Add possibility to render intraday profiles. To use this feature, select Timeframe -> Intraday. Set desired Profile length in minutes value, the default is 60 (1 hour).
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.