A Market Profile (time price opportunity) implementation with an option to mark a point of control (POC) based on volume.
Config: Hide default candles. Select a session time using exchange timezone. Experiment with tick multiplier value to achieve desired level of detail. Choose the symbols of your choice, e.g. squares or A-Z chars. For multiple sessions you will have to add additional instances of this script with a different time configuration.
Limitations: TradingView has a hard limit for the number of characters (500), if it's reached, label rendering stops. Try increasing tick multiplier value to reduce the number of labels rendered or reduce the window size.
Features:
Use symbols or A-Z chars for TPOs
Mark POC
Calculate Value Area (volume or time based)
Highlight single prints (SP)
Highlight VWAP
Show daily bar
Highlight Open and Close
Highlight current price row (during live market)
Highlight initial balance (IB)
Catatan Rilis
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Removed unused text size options.
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Remove unused attribute.
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Cleanup unused code.
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Touchup
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Update chart
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Make sure the script works on free accounts.
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Extend VAH/VAL and POC lines (disabled by default)
Mark period opening price, either use case swap or '0' character (disabled by default)
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Fix house rules violation
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Update the chart
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Bugfix: terminate extension lines even for 24h sessions
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Introduce weekly and monthly profiles
Add value area percentage input
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Add option to split the profile (available only if A-Za-z rendering is selected)
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Introduce a "Fixed" range timeframe (arbitrary start/end date profile)
E.g.
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Add option to show volume numbers in "Fixed" market profile mode
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Add background for fixed range
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Improve closing price marking in A-Za-z profiles
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Add high/low extension lines (hidden by default)
Simplify lower TF logic (volume)
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Use all or nothing for VP
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Allow to show midpoint extension line (hidden by default).
Midpoint calculation algorithm can be either:
High/Low based (midpoint)
TPOs count based (similar count on both sides)
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Add an option to choose the time settings in a specific timezone (defaults to exchange timezone).
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Add possibility to render intraday profiles. To use this feature, select Timeframe -> Intraday. Set desired Profile length in minutes value, the default is 60 (1 hour).
Absolutely fire update! Thank you thank you. What are the chances of getting the split profile view? (I'm not sure if that's even possible?)
inversionflow
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@Blackthorn, thank you! Answering here for the second time, it seems that my first answer got moderated for some reason. The short version - it's kind of possible, but not in a natural/optimal way. I may try it in the future.
Blackthorn
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@RunStrat, completely understand. There are a couple of TPO indicators that do allow splitting profiles on here, but... most TPO indictors don't really work or kick back a zillion errors. Maybe rather than being able to split the profile, maybe it's just a separate indicator that can also be added to the chart that shows the profile split out? I guess the only other thing would be the option to construct profiles for longer timeframes - like weekly and monthly. But again, all around, awesome job and thank you.
akutsusho
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It's better than Trading View Official TPO indicator... Single print feature is great.
DanielLeung
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Great indicator. I can now use it to analyze any market since the indicator can manually adjust the trading hour to fix all markets.
Blackthorn
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These updates are unreal! Really appreciate the work.
inversionflow
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🙏
Blackthorn
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Incredible work. Are there any plans to have options for drawing VAH, VAL and POC lines on the chart (extended until intercepted by price)?
inversionflow
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@Blackthorn, thank you! Yes, I had plans to add extension lines in the future.