Volume Profile (also known as Price by Volume ) is an charting study that displays trading activity over a specified time period at specific price levels. It is plotted as a horizontal histogram on the finacial isntrumnet's chart that highlights the trader's interest at specific price levels. Specified time period with Pivots Anchored Volume Profile is determined by the Pivot Levels, where the Pivot Points High Low indicator is used and presented with this Custom indicator
Finally, Volume Weighted Colored Bars indicator is presneted with the study
Different perspective of Volume Profile applications;
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
הערות שחרור
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* Alerts addition, -crossing/touching PoC, VAH and VAL alerts -high volume alert
* Improved labels, - cumulative volume display added - price percentage change display added - tooltips includes many statistical information, such as VA width, high/low values and percentage changes, cumulative volume and average volume per bar, number of bars etc
* Naked PoC option, - Extend until Bar Touch option added
* Bug correction - a bug corrected in the developing profile
thanks to everyone who presented their valuable suggestions
no, have not done anythng with CVD, TV account published recently one, have you checked that one
Misconception
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@dgtrd, You're welcome. My pleasure your scrips are amazing.
I have played with it and adjusted the script to use line instead of bars but it''s not accurate compare to more advance apps like exocharts or Atas.
dgtrd
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hello @Misconception, they are differnet platforms and the data provided to the platform could be differnet than the one TV has (I have tried to compare but was not able to compare the same symbols ether it is future market or different exchange). you may even experience differences for the same instrument on different exchanges, where the traded volume is different from exchange to exchange even if the prices are much closer.
BTW, I have been testing and comparing this one with the TV's build-in Volume Profiles
Misconception
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Hello @dgtrd, Yes I've been looking trying to get/read Bybit CVD on TV as its mainly what I use.
I have compared/tested your volume profile and it's more accurate then the TV one again (btcusd on bybit.) It also match the profiles from exochart on HTF and that pure love. Thank you.
I've been comparing/using a few of your scripts along side ATAS especially auto fibs with volume profile to time entries and it's rarely failed.
dgtrd
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hello @Misconception, a bit confused now :-), under what conditions you have experienced the difference, was it on lower time frame.
Misconception
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@dgtrd, Yes on lower TF (below 1H) I still rely on Exochart/Atas. vWap for example can be off $100-200 - when scaping or day trading it can have a impact on entry.
This is why I was asking about CVD. which would add a extra layer of "confidence" as to where the price is likely to move when in between VA/PoC levels.
dgtrd
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@Misconception, ok, let me perfome some further test and have not experienced Exochart/Atas earlier, let me try to check them. Thnaks
Misconception
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@dgtrd, You will really like them. Exochart has a 15 day trial and ATAS is free for Crypto.
The Realtime data for bybit is really accurate.
truthfulPie1984
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@Misconception, ATAS seems like its not a thing any more?
Have you done anything with CVD or CVD divergences?