PROTECTED SOURCE SCRIPT
Volume Profile - Custom Range, Interactive by DGT
Updated
Volume Profile - Custom Range aims to display trading activity at specific price levels over user defined Custom Range of trading. Start and End Time is Interactive, they can be adjusted simply by clicking on the chart and drag the lines to specify the desired custom range. Same as is with the drawing tools available in TV
Please note, while switching between timeframes or switching to different instruments with different exchange timezones you may need to adjust the locations in case the plotting is not displied
Volume Profile - Custom Range is plotted as two horizontal histograms on the finacial isntrumnet's chart that highlights the trader's common interest at specific price levels as well as aims to reveal dominant party of who is in control, bulls or bears
You are also invated to galnce at Volume-Profile-and-Volume-Indicator, Anchored-Volume-Profile, and Price Action-Support-Resistance for different perspective of Volume Profiles
Special thanks to everyone who commented and presented their valuable suggestions
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Please note, while switching between timeframes or switching to different instruments with different exchange timezones you may need to adjust the locations in case the plotting is not displied
Volume Profile - Custom Range is plotted as two horizontal histograms on the finacial isntrumnet's chart that highlights the trader's common interest at specific price levels as well as aims to reveal dominant party of who is in control, bulls or bears
You are also invated to galnce at Volume-Profile-and-Volume-Indicator, Anchored-Volume-Profile, and Price Action-Support-Resistance for different perspective of Volume Profiles
Special thanks to everyone who commented and presented their valuable suggestions
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Release Notes
Volume data is not provided or not available for some instruments such as Indices, as it is the case for NIFTY 50 - Indian stock market index In case of any custom index volume indicator presence, than their output can be integrated to other volume related indicators as in this example.
How to use a custom indicator as a volume source with the Volume Profile
* First it is required to have the custom indicator enabled
* Then, enable "Use External Volume Indicator" option of the Volume Profile and select as a Source the custom indicator.
Disclaimer: Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of choosing the external source and evaluating the script output and risks associated with the use of the script
Release Notes
major update* added supply and demand zones, for further details please refer to Supply-Demand-and-Equilibrium-Zones
* removed lowest volume node Nth display
Release Notes
major update - added Value Area (VA) optionthanks to everyone who presented their valuable suggestions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.