OPEN-SOURCE SCRIPT
Market Profile Fixed View
Updated
Some instruments does not provide any volume information, therefore, as a fixed volume profile user, I needed a fixed market profile indicator to use the same principles, regardless of whether the volumes are available or not.
This script draws a market profile histogram corresponding to price variations within a specific duration, you only need to specify Start and End date/time values to see the histogram on your chart.
Details
Options
* Start calculation
* End calculation
* Bars number (histogram resolution, currently locked to a max value of 50 bars)
* Display side/Width (allows to modify size of bars, to the left or to the right)
* Bars/Borders/POC Color customization
Notes
This script draws a market profile histogram corresponding to price variations within a specific duration, you only need to specify Start and End date/time values to see the histogram on your chart.
Details
- Two lines corresponding to highest/lowest prices are displayed around the histogram
- The redline corresponds to the POC (point of control)
Options
* Start calculation
* End calculation
* Bars number (histogram resolution, currently locked to a max value of 50 bars)
* Display side/Width (allows to modify size of bars, to the left or to the right)
* Bars/Borders/POC Color customization
Notes
- This script will probably be updated (to add VAH/VAL zones, and maybe other options). However, some common market profile attributes have not been implemented yet since I don't really use them)
Release Notes
New update with some new options- You can now use 200 bars within a market profile area
- A Heat color feature has been added with customization params
- A background color can be added to the MP area (enabled by default)
Release Notes
Update:the POC line can be extended to the right (disabled by default)
Release Notes
Update:Lowest price line fixed
Release Notes
Updates:- You can now enable/disable histogram, POC, high/low lines and background
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.