Overnight inventory

The indicator is dedicated for market / volume profile traders. It presents overnight inventory as a yellow number next to the indicator name on your charts. It does not plot anything.
If the number is positive then the inventory is net long and vice versa.
It is calibrated for US indicies, so it makes sense to use it only on US futures.

릴리즈 노트

Update:
- added an option to switch between:
1) just "ON inventory net long / short"; AND
2) "ON inventory long" (as a positive green color label) + "On inventory short" (as a negative red color label)
- improved how close is calculated

릴리즈 노트

just code cleaning

릴리즈 노트

changed how data are presented - it is table now instead of just numbers next to indicator name.
added information about overnight range in a relation to previous period. It is 20 days by default. You can increase it, but watch out as Tradingview might not load the needed data if you go too far in the past and you end up with incorrect results. The lower the TF, the less in the past you can go. Anyway, the number presents standard devations (sigma) from the mode.

릴리즈 노트

I decided to change how overnight inventory is calculated. Instead on calculating a range above & below a previous close, now the script calculates volume traded above & below a close.

릴리즈 노트

some bug fixing
added information about contracts traded during overnight session - expressed as absolute value and as a standard deviation from a mean

릴리즈 노트

Small refinements

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.