This is Market Profile script. "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." You better search it on the net for more information, you can find a lot of articles and books about the Market Profile.
You have option to see Value Area, All Channels or only POC line, you can set the colors as you wish.
Also you can choose the Higher Time Frame from the list or the script can choose the HTF for you automatically.
Enjoy!
ملاحظات الأخبار
⋅
"Line Width" option added
ملاحظات الأخبار
⋅
Alerts added: => "Price in POC" => "Price went above POC" => "Price went below POC"
ملاحظات الأخبار
⋅
"Sizing Rate %" option added, it's for scaling the length of the bars. default value is 100%. you can set it from 30% to 500%. (User Request)
ملاحظات الأخبار
⋅
Option added to show old MPs Array used for the lines instead of variables
ملاحظات الأخبار
⋅
typo fixed
ملاحظات الأخبار
⋅
array.clear(all_lines) used to clear the line array for the memory errors (if old MPs enabled)
Hello Sir.. first and foremost, you are simply awesome! Thanks for changing my entire trading life! Just one stupid query for this script of yours please.. you specifically have mentioned that this script is mainly for intraday levels use.. can you kindly suggest which timeframe (1 min / 3 min / 5 min / 15 min / 30 min) would be best suited to use your script for intraday targets please??
MridulAgarwal
⋅
Terrific work LTB, just curious to know is there a way to tweak this for getting previous days market profile too?