Volume Distribution Before/After Top

5 Ara 2024

Description
This script visualizes the distribution of volume before and after a price peak within a specified time interval. The green area represents the volume accumulated before the peak, and the red area represents the volume accumulated after the peak. The script also calculates and displays the volume-weighted average price (VWAP) on each side of the peak with a dotted line and a label.

The key features include:

• Volume Visualization: Transparent green and red bars indicate volume fractions before and after the peak.
  
• VWAP Markers: Centered labels with VWAP values are plotted above the corresponding levels.
  
• Interactive Inputs: Define the start and end points of the analysis interval using customizable anchor times.
  
• This tool is ideal for traders who want to analyze how volume dynamics are distributed around key price levels. It can help identify potential zones of support and resistance and improve the understanding of market behavior in response to volume accumulation.
  

Instructions

• Select the start and end anchor times using the input fields.
  
• Observe the volume distribution and VWAP levels on the chart.
  
• Use the visual data to make more informed trading decisions.