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VolumeProfile script

Posted: Thu Jan 07, 2021 2:42 pm
by dazzerman
Hi all,

Just wanted to let people know that I have created a new VolumeProfile script and uploaded it to the Library here :

http://www.wave59.com/library/scriptdetail.asp?id=198

Feel free to download and use it.

Example of it in use in the screenshot below.

There are notes on how to use the parameters in the script if you feel like changing any of them, but it is not necessary to make any changes to the parameters for normal use. The script will automatically re-draw every time a new bar begins, and the profile is drawn for all visible bars on the screen. So if you want to see the profile for more or fewer bars, just shrink or stretch the number of bars you can see on the chart.

If you don't want to wait for the profile to update automatically, just press CTRL-K.

Cheers,

Daz
VolumeProfile_ES_5min2.jpg
VolumeProfile_ES_5min2.jpg (131.34 KiB) Viewed 10718 times

Re: VolumeProfile script

Posted: Mon Jan 11, 2021 3:06 am
by Hermes
Hey Dazzerman,

Thanks for taking the time to create this script and share it!

Much appreciated:-)

Re: VolumeProfile script

Posted: Sun Jan 17, 2021 12:10 pm
by dazzerman
You're very welcome!
:-)

Re: VolumeProfile script

Posted: Tue Mar 16, 2021 10:35 am
by dazzerman
Hi folks!

Following feedback from a friend and longstanding contributor to this forum, Joseph Feinberg, I have created a second version of my Volume Profile script, which can be found here :

http://www.wave59.com/library/scriptdetail.asp?id=202

Just use the 2 hotspots to mark out the range that you want the volume profile to be calculated for, and this is shown on the chart alongside any other similar regions selected. As you can see from the screenshot on the script download page, the profile can be shown to the left or right of the range, and the range is highlighted at the price level represented by the first hotspot selected.

I hope you find this script useful.

Cheers,

Daz

Re: VolumeProfile script

Posted: Wed Mar 17, 2021 3:17 am
by sbank
Are the two hotspots time or price? (I can see value in both...)

Re: VolumeProfile script

Posted: Wed Mar 17, 2021 12:05 pm
by dazzerman
The hotspots are to mark the time range to calculate the volume profile for.