Multiple Popular Prices (x16)

18 Eyl 2022

Up to 16 popular prices in 16 periods.
Lookback Period: Up to 5,000.
Support 01 volume profile (histogram) on price axis for the last period with up to 100 price ranges.
Histogram of 3 colors (up/down/sideways).

Markets: All.
Timeframes: All from 10s.
Usage: Price moves slowly in the popular price area (PPA) and moves fastly in the unpopular price area (UPA). When price breakouts a PPA, it could be forming an entry to a new PPA or an existing PPA. PPA of a period will move up if price continuously increases or is in an uptrend, and vice versa. It means that this indicator is led by price. Note that, when short-term PPA is higher/lower than long-term PPA, price did move and it is not a buy/sell entry.
Note: If calculation is timeout (“Loop takes too long to execute (> 500 ms)”), try to remove the indicator and reapply it, or try to increase the timeframe, or try to reduce the number of periods used to calculate popular prices.

18 Eyl 2022

Sürüm Notları

• Set default number of periods to 10.

19 Eyl 2022

Sürüm Notları

• Set default number of periods to 8.

5 Eki 2022

Sürüm Notları

• Add Extend Left Side and Extend Right Side of PPAs/PPLs.

29 Eki 2022

Sürüm Notları

• Minor changes to reduce execution time.