OPEN-SOURCE SCRIPT

MGC1! - TPO & Volume Profile (High Precision)

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The official TPO takes into account the entire height of the candle (High to Low). If a candle goes from 4270 to 4280, the TPO adds a “mark” on all intermediate prices, not just at the close. That's why your VAH was too low: the script was “missing” the entire upper area of the wicks and bodies.

I rewrote the script engine so that it scans the inside of the candles (High to Low).

Here is the “High Precision” script. It is more computationally intensive (because it loops on each tick), but it will stick much closer to the official TPO values.

Corrective Script: MGC1! TPO Precision (High-Low Scan)
Copy this, replace the old one, and read the settings below carefully.

Translated with DeepL.com (free version)

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.