Editors' picksOPEN-SOURCE SCRIPT
Volume Scale by Price (VSP)
Updated
Volume Scale by Price (VSP) show volume of bar in y-axis (price-axis) with options below:
1. Number of histogram
* Number of histogram = 0 => do not plot volume histogram
* Number of histogram = 1 => plot volume of 21 lasted bar (bar [0] to bar [20])
* Number of histogram = 2 => plot volume of 21 bar next histogram 1 (bar [20] to bar [40])
2. Line width
* Columns width of histogram
3. Volume scale ratio
* Scaling histogram with justifiable ratio depend on time frame and symbol
4. Histogram color
* Color of histogram
1. Number of histogram
* Number of histogram = 0 => do not plot volume histogram
* Number of histogram = 1 => plot volume of 21 lasted bar (bar [0] to bar [20])
* Number of histogram = 2 => plot volume of 21 bar next histogram 1 (bar [20] to bar [40])
2. Line width
* Columns width of histogram
3. Volume scale ratio
* Scaling histogram with justifiable ratio depend on time frame and symbol
4. Histogram color
* Color of histogram
Release Notes
* Base on idea of sam_m400 about Multi Time Frame mode, the script has updated with following details:1. Adding Muti Time Frame Mode: M5, M15, M30, H1, H4
2. Update Notes:
* Due to limited of drawing data, to enable MTF Mode, pls adjust No. histograms <= 1.
* Due to limited of function "security", the MTF Mode show only volume of lasted 18 bars.
3. Thank sam_m400 for your idea.
Release Notes
Add Buy & Sell color to Histogram.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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