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Pso VP 2.0

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This indicator provides an advanced volume analysis tool that visualizes trading activity across different price levels and automatically identifies key support and resistance zones.

How It Works:

The Volume Profile analyzes historical price and volume data within a specified lookback period, distributing volume across horizontal price levels. Unlike traditional volume indicators that show volume over time, this tool displays volume at price, revealing where the most significant trading activity has occurred.

The algorithm:

Divides the price range into customizable horizontal bars (bins)
Calculates and accumulates volume for each price level
Identifies high-volume nodes that often act as support or resistance levels
Uses percentile filtering to highlight the most significant trading areas

Key Features:

Automatic S/R Detection: Uses volume percentile filtering to identify the most significant price levels

Dynamic Support/Resistance Lines: Automatically draws horizontal black lines at high-volume areas that typically act as price magnets or barriers

Customizable Parameters: Full control over lookback period, number of price bars, percentile thresholds, profile width, opacity, and line projections

Clean Aesthetic: Monochrome design for professional chart presentation

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.