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Price Map Profile [BigBeluga]

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An advanced volume-based tool designed to map out how trading activity is distributed across price levels. It combines dynamic volume profiling with structural pivot detection to highlight key levels of interest in the market — including hidden support/resistance zones and dominant liquidity areas.

Unlike traditional volume profiles locked to fixed sessions, this indicator continuously processes historical bars to build a real-time "map" of volume distribution. It intelligently reveals where buyers and sellers were most active, helping traders pinpoint high-impact zones with clarity.

🔵 KEY FEATURES
  • Creates a volume map profile by scanning price action over a defined lookback window (`length`).
  • Divides price vertically into volume bins (default: 100) and aggregates either total volume or bar count per bin.
  • Bins are plotted as horizontal zones extending to the right of the chart — wider offset means more volume at that price.
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  • Each zone is color-coded using gradients to represent volume magnitude:
    - Below average volume = cool tones (blue/teal)
    - Above average volume = warm tones (red/orange)
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  • The highest volume bin is highlighted with a red label showing the exact volume, helping to identify strong price agreement.
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  • Detects pivot highs and lows using a 15-bar swing method, marking them as potential S/R levels.
  • If a pivot level is located inside a low-volume zone (volume < average), it is emphasized with a dashed line and label.
  • Pivot line color matches direction:
    - High pivots = [color=yellow]yellow[/color]
    - Low pivots = [color=aqua]aqua
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  • The volume of the bin containing the pivot is shown alongside the pivot, providing volume context for the structural level.
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  • Filters out nearby duplicate pivots using ATR-based distance checks to ensure clean and non-redundant signals.


🔵 HOW TO USE
  • Use the wide red zones as liquidity and consolidation areas where price may stall, reverse, or absorb volume.
  • Pivot-based dashed lines within low-volume zones highlight hidden support/resistance levels where price may react sharply.
  • Combine this indicator with trend or order flow tools to validate reversal or breakout setups.
  • Switch between Volume and Frequency modes to adapt to the type of data your asset provides.



🔵 CONCLUSION
The Price Map Profile transforms raw volume into an actionable visual map. By aligning volume depth with key market structure levels, it helps traders identify where market participants are most active — and where hidden inefficiencies lie. Ideal for traders seeking precision entries, dynamic S/R zones, and deeper volume structure insight.

Penafian

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