Logarithmic version of volume profile. Work in progress at the moment.
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Some lines were not printing, now all are
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Release 1
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Volume 1.1
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Volume 1.2 - Input box now tidied up. Option for tapering off the importance of volume in the past added. Some moving average options also added, which don't influence the volume calculations.
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Release Notes: Volume 1.3: - Fixed an issue where newer stocks weren't showing a volume profile. - Colours revised on optional moving averages for clarity.
@TarrotTrader, I did link an article here but I don't think links are allowed as the comments disappeared. Just search volume profile in Google and lot's of examples will come up. Reduce number of rows or VP Line Width if the lines overlap (on smaller screen sizes). The primary and secondary periods can be adjusted to points when the stock gapped or its range clearly changed. Hover over the information symbols for more info on each setting.
how are vah and val calculated ? and they could be added please?
SwingSystems
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@NikhilMamu, Do you mean the 'value area low' and 'value area high'? The script does not seek to identify value areas. The user sets a primary look back period, with all volume in this period carrying a maximum weight towards the totals displayed by the indicator. They can also set a secondary look back period, with volume in this period gradually (linearly) having a smaller and smaller impact on the volume indicator the further back in time it looks. The maximum and minimum price the indicator displays volume profiles for, is the maximum and minimum price found anywhere in the primary and secondary look back periods.