PROTECTED SOURCE SCRIPT
Dynamic Rolling Volume Profile [DK]
This indicator transforms the traditional static Volume Profile into dynamic, flowing lines that react to price action in real-time. Designed for Futures day traders and algorithmic analysis, it visualizes the Point of Control (POC) and Value Area (VAH/VAL) as continuous moving averages rather than fixed histograms.
Unlike a Fixed Range Volume Profile, this script utilizes a Rolling Window algorithm. For each bar, it recalculates the volume distribution based on a user-defined lookback period (e.g., the last 100 bars), identifying where the most volume was traded relative to the current price action.
Key Features:
Dynamic POC (Yellow): Represents the price level with the highest traded volume within the rolling window. Acts as a dynamic center of gravity for price.
Dynamic Value Area (Blue/Red): Displays the Value Area High (VAH) and Value Area Low (VAL), representing the specified percentage (default 70%) of total volume.
EMA Smoothing: Applies an Exponential Moving Average smoothing to the raw profile levels to filter out noise and create clean, actionable lines similar to Bollinger Bands or Keltner Channels.
High Performance: Optimized loop calculations to prevent script timeouts while maintaining accuracy.
How to Use (Trading Strategy):
Trend Filter: Use the POC (Yellow line) as a dynamic trend baseline. Price holding above the POC suggests bullish sentiment; below suggests bearish control.
Mean Reversion: In ranging markets, price excursions outside the VAH (Blue) or VAL (Red) often result in a mean reversion rotation back towards the POC.
Volatility Compression: When the VAH and VAL lines contract (squeeze), it indicates a consolidation phase and potential energy buildup for a breakout.
Settings:
Lookback Period: Defines the sliding window size for the volume calculation.
Recommend: 50
Row Size: Adjusts the resolution of the price buckets (higher = more precision).
Value Area %: Standard is 70%, but can be adjusted (e.g., to 68% for 1 Standard Deviation).
Smoothing: Adjusts the EMA length applied to the final lines.
Recommend: 50
Color Legend:
🟡 POC: Yellow
🔵 VAH: Blue
🔴 VAL: Red
Credits: Script developed by David Kahlon – Specializing in Pine Script development for Futures & Algorithmic Trading systems.
Unlike a Fixed Range Volume Profile, this script utilizes a Rolling Window algorithm. For each bar, it recalculates the volume distribution based on a user-defined lookback period (e.g., the last 100 bars), identifying where the most volume was traded relative to the current price action.
Key Features:
Dynamic POC (Yellow): Represents the price level with the highest traded volume within the rolling window. Acts as a dynamic center of gravity for price.
Dynamic Value Area (Blue/Red): Displays the Value Area High (VAH) and Value Area Low (VAL), representing the specified percentage (default 70%) of total volume.
EMA Smoothing: Applies an Exponential Moving Average smoothing to the raw profile levels to filter out noise and create clean, actionable lines similar to Bollinger Bands or Keltner Channels.
High Performance: Optimized loop calculations to prevent script timeouts while maintaining accuracy.
How to Use (Trading Strategy):
Trend Filter: Use the POC (Yellow line) as a dynamic trend baseline. Price holding above the POC suggests bullish sentiment; below suggests bearish control.
Mean Reversion: In ranging markets, price excursions outside the VAH (Blue) or VAL (Red) often result in a mean reversion rotation back towards the POC.
Volatility Compression: When the VAH and VAL lines contract (squeeze), it indicates a consolidation phase and potential energy buildup for a breakout.
Settings:
Lookback Period: Defines the sliding window size for the volume calculation.
Recommend: 50
Row Size: Adjusts the resolution of the price buckets (higher = more precision).
Value Area %: Standard is 70%, but can be adjusted (e.g., to 68% for 1 Standard Deviation).
Smoothing: Adjusts the EMA length applied to the final lines.
Recommend: 50
Color Legend:
🟡 POC: Yellow
🔵 VAH: Blue
🔴 VAL: Red
Credits: Script developed by David Kahlon – Specializing in Pine Script development for Futures & Algorithmic Trading systems.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.