OPEN-SOURCE SCRIPT

RS: Market Profile

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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:
  • 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)


syot kilat
Nota Keluaran
Removed unused text size options.
Nota Keluaran
Remove unused attribute.
Nota Keluaran
Cleanup unused code.
Nota Keluaran
Touchup
Nota Keluaran
Update chart
Nota Keluaran
Make sure the script works on free accounts.
Nota Keluaran
  • Extend VAH/VAL and POC lines (disabled by default)
  • Mark period opening price, either use case swap or '0' character (disabled by default)


syot kilat
Nota Keluaran
Fix house rules violation
Nota Keluaran
Update the chart
Nota Keluaran
Bugfix: terminate extension lines even for 24h sessions
Nota Keluaran
  • Introduce weekly and monthly profiles
  • Add value area percentage input


syot kilat
syot kilat
Nota Keluaran
  • Add option to split the profile (available only if A-Za-z rendering is selected)

syot kilat
Nota Keluaran
Introduce a "Fixed" range timeframe (arbitrary start/end date profile)

E.g. syot kilat
Nota Keluaran
Add option to show volume numbers in "Fixed" market profile mode

syot kilat
Nota Keluaran
Add background for fixed range

syot kilat
Nota Keluaran
Improve closing price marking in A-Za-z profiles
Nota Keluaran
  • Add high/low extension lines (hidden by default)
  • Simplify lower TF logic (volume)
Nota Keluaran
Use all or nothing for VP
Nota Keluaran
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)


syot kilat
Nota Keluaran
Add an option to choose the time settings in a specific timezone (defaults to exchange timezone).
Nota Keluaran
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).
marketprofileTPOVolume Profile

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