Frequency and Volume Profile

2024년 7월 3일

FREQUENCY & VOLUME PROFILE

⚪ OVERVIEW
The Frequency and Volume Profile indicator plots a frequency or volume profile based on the visible bars on the chart, providing insights into price levels with significant trading activity.


⚪ USAGE

● Market Structure Analysis:
Identify key price levels where significant trading activity occurred, which can act as support and resistance zones.


● Volume Analysis:
Use the volume mode to understand where the highest trading volumes have occurred, helping to confirm strong price levels.


● Trend Confirmation:
Analyze the distribution of trading activity to confirm or refute trends, mark important levels as support and resistance, aiding in making more informed trading decisions.



● Frequency Distribution:
In statistics, a frequency distribution is a list of the values that a variable takes in a sample. It is usually a list. Displayed as a histogram.




⚪ SETTINGS

• Source: Select the price data to use for the profile calculation (default: hl2).
  
• Move Profile: Set the number of bars to offset the profile from the current bar (default: 100).
  
• Mode: Choose between "Frequency" and "Volume" for the profile calculation.
  
• Profile Color: Customize the color of the profile lines.
  
• Lookback Period: Uses 5000 bars for daily and higher timeframes, otherwise 10000 bars.
  

The Frequency Profile indicator is a powerful tool for visualizing price levels with significant trading activity, whether in terms of frequency or volume. Its dynamic calculation and customizable settings make it a versatile addition to any trading strategy.

2024년 7월 3일

릴리즈 노트

- Highest and Lowest period Calculations

2024년 7월 4일

릴리즈 노트

- Description update

● Market Structure Analysis:
Identify key price levels where significant trading activity occurred, which can act as support and resistance zones, due to high price activity.
The more often price cross certain levels, the bigger value will profile show at that level, which is Frequency mesurment of price activity.

2024년 7월 4일

릴리즈 노트

- Description update

Visual Warning
if there are not enough bars on higher timeframes to calculate highs and lows to calculate bins, a warning will appear. Use lower timeframe then.

2024년 7월 4일

릴리즈 노트

Thumbnail Update

2024년 7월 5일

릴리즈 노트

- Added Feature

EXTEND PROFILE
Enabling this feature allows you to highlight levels of high interest. Also, with the help of color intensity settings of high and low values, the user is able to adjust and filter the levels

2024년 12월 12일

릴리즈 노트

-Updated HeatMap
-Max high and Min Low of Profiles

2024년 12월 12일

릴리즈 노트

2024년 12월 12일

릴리즈 노트

2024년 12월 12일

릴리즈 노트