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volprofile

version 1.0

Creates a histogram of volume at price points using an additive 1 tick data series. The histogram can be drawn on the left hand or right hand side of the chart. The color and opacity of the bars can be defined. A scale factor is available to control the amplitude of the peaks and valleys. The volume summation can use all bars of the chart, bars starting at the left hand side of the chart or bars since the last session start as defined by the charts session setting. The summation of volume starts at the designated start bar and continues to summate until a refresh, at which point the starting bar location is redefined based on your settings (beginning of chart, left side of chart, session start). It uses the 1 tick data series volume which can differ slightly from the main bars volume, but it is very close, close enough for a volume profile. The advantage of being based on the 1 tick data series is this indicator will redraw/refresh and does not need an external file for data storage.

Category The Elite Circle

Details: volprofile
Category: The Elite Circle

January 16th, 2013
Size: 4.12 KB

Keywords: change simple word

Comments/ratings

Houston Jr January 19th, 2013 10:35 AM

Thanks for good work Tulanch, can you explain the value of a volume chart, Ive looked at several profiles such as this in past, I don't really know the value of it to indicated futures trading. thanks