Volume Profile
- This topic has 11 replies, 4 voices, and was last updated 3 years ago by
.
-
Hallo Nicolas,
thanks for the information. Considering the Volume Profile, I found your code/post: https://www.prorealcode.com/topic/bull-bear-volume-by-price-levels-2/. That’s exactly what I’m looking for. I also pasted the code below and in the attachment is the hourly chart with the VPOC (Yesterday) lines. I tried to add some additional functions, but it didn’t work. It would be great if you could add the following functions. Since the VPOC in the code and picture is for “yesterday”, also the following functions should be for “yesterday”. Every additional function can be a line/text like the VPOC below.
– Range: This is the previous Day range (yesterday), which is High/Low (Dhigh/Dlow PRT function)
– Volume Area: The Volume Area consists of the VPOC, Volume Area High and Volume Area Low. The Volume Area corresponds to 70 % (Input factor to change the percentage would be good) of the traded Volume for that day. Now, the Value Area High is calculated in relation to VPOC and 35 % of Volume above the VPOC. The Volume Area Low is also calculated in relation to VPOC and 35 % of Volume below the VPOC. TradingView provides these information about the Volume Profile – especially the information below the title “Calculation” could be useful: https://www.tradingview.com/wiki/Volume_Profile
– Summary of lines which are of interest (yesterday): Daily High/Low, VPOC, Volume Area high and Volume Area Low
– Also a developing VPOC for Today would be useful – The VPOC for Today starts to develop with the Exchange-Open.
– Finally, a function to plot the lines for Yesterday during a specific time period (x-axis) – e.g. Lines for Yesterday are plotted yesterday or today during 1 am to 8 am (Input factor to change the time period for the lines). The Line for todays developing VPOC could start wit the Exchange Open or also a Time range.
These function extensions would be very helpful and certainly a good new indicator for PRT, because this is used in a lot of other software platforms.
Best regards
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051defparam calculateonlastbars=200//InputScaleFactor = 3NbrBars=21lookback=max(1, intradaybarindex)//hh=highest[lookback](high)ll=lowest[lookback](low)div = (hh-ll)/NbrBarsi=0volsum=summation[lookback](volume)maxbar = 0while i<NbrBars dolrange=ll+div*ihrange=lrange+divvolbull=0volbear=0for j = 1 to lookback doif close[j]>=lrange and close[j]<=hrange thenif close[j]>open[j] thenvolbull=volbull+volume[j]elsevolbear=volbear+volume[j]endifendifnextbullbar = round((volbull*lookback)/volsum)*scalefactorbearbar = round((volbear*lookback)/volsum)*scalefactor//VPOCif(bullbar>maxbar) thenvpoclevel = (lrange+hrange)/2maxbar=bullbarendifif(bearbar>maxbar) thenvpoclevel = (lrange+hrange)/2maxbar=bearbarendifi=i+1wendif intradaybarindex=1 thenyesterdayVPOC=vpoclevel[2]drawtext(" -----------------------------------------------",barindex[2],yesterdayVPOC,dialog,bold,15) coloured(0,0,0)endifreturn1 user thanked author for this post.
Hallo Jose,
I tried to code value area high/low, but it was to much effort. If you have an Interactive Brokers Account you can use the Market Profile. The Market Profile contains TPOs and Volume.
Maybe PRT could extend the functionallity of the “Volume at Price” Indicator. This indicator does exactly what we need, but without VPoc and value area high/low. I will write this to PRT and maybe you can do that also, so we are at least two ;-).
1 user thanked author for this post.
Find exclusive trading pro-tools on 
