The result of standard volume profile is fix for a specified period of time. However, in this script the result is dynamic, because its calculated for every bar. In this script you can see the change of Point of Control, Value Area High and Value Area Low in real time.
Point of Control is the price level for the time period with the highest traded volume. The area between value area low and value area high (green background) is the area where 70% of traded volume happen. You can customize this percentage value in input section.
Will be good if you can explain what should be the standard settings and the indicator works better on which time frame?
Also would appreciate if you can explain how to use it.
May I pester you for the source code? I’m a budding Pine script developer and I’d love to manipulate the code for this and work it into other scripts.
jjmfxxx
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HI
"Frequently, I am getting following error and because of which this indicator is not getting loaded. Can you please fix this?
Loop is too long (>100ms)" me too. May I pester you for the source code? thanks for you time and publish it
boreddude001
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looks like ichimoku. how is it different?
sufianlau
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@flintlockwood I like your related post: Thank you very much
charusingh1982
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Frequently, I am getting following error and because of which this indicator is not getting loaded. Can you please fix this?
Loop is too long (>100ms) - Using it for 15 minutes time frame
Pin-Head
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Thank you for your contributions. I would love to do some creative strategy integrations with your profile code. Would you care to share the source with me?
sufianlau
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@flintlockwood Thank you for posting. May I try this? Thank you very much.
Will be good if you can explain what should be the standard settings and the indicator works better on which time frame?
Also would appreciate if you can explain how to use it.