Multi Ranges Volume Distribution [LuxAlgo]

16 Jul

The Multi Ranges Volume Distribution tool allows traders to see the volume distribution by price for three different timeframes simultaneously. Each distribution can report the total amount of accumulated volume or the accumulated buy/sell volume separately.

Levels are displayed at the top and bottom of each timeframe's range, as well as the POC or level with the most volume.

🔶 USAGE



By default, the tool displays daily, weekly, and monthly volume distributions, highlighting the accumulated volume within each row.

Each distribution shows the volume at each price, as well as three lines: the top and bottom prices, and the price at which the most volume was traded.

The reported accumulated volume can be useful for highlighting which price areas are of the most interest to traders, with the specific timeframe specifying whether this interest is long-term or short-term.

🔹 Timeframes & Rows



Traders can adjust the timeframe and the number of rows for each volume distribution.

This is useful for multi-timeframe analysis of volume at the same price levels, or for obtaining detailed data within the same timeframe.

The chart above shows three volume distributions with the same monthly timeframe but a different number of rows; each is more detailed than the previous one.

🔹 Total vs Buy & Sell Volume



Traders can choose to display either the total volume or the buy and sell volumes.

As we can see on the above chart, the background of each row uses a gradient that is a function of the delta between the buy and sell volumes.

This is useful to determine which areas attract buyers and sellers.

🔶 SETTINGS

• Volume Display: Select between total volume and buy and sell volume.
  
• Distance between each box: Adjust the spacing of the volume distributions.
  
• Period A: Select a timeframe and the number of rows.
  
• Period B: Select a timeframe and the number of rows.
  
• Period C: Select a timeframe and the number of rows.
  

16 Jul

Catatan Rilis

- Edited short title