AlgoAlpha

Activity and Volume Orderflow Profile [AlgoAlpha]

AlgoAlpha Diupdate   
πŸ” Activity and Volume Orderflow Profile πŸ“Š

πŸš€ Unlock the power of market order flow analysis with the Activity and Volume Orderflow Profile indicator by AlgoAlpha. This versatile tool helps you visualize and understand the dynamics of buying and selling pressure within a specified lookback period. Perfect for traders who want to dig deeper into volume-based market insights!

Key Features:
  • πŸ“Š Profile Type Options: Choose between "Comparison" and "Net Order Flow" to analyze market activity based on your preferred method.
  • πŸ”Ž Adjustable Lookback Period: Customize the lookback period to fit your trading strategy.
  • 🎨 Flexible Appearance Settings: Toggle the display of the profile, lookback period visualization, and heatmap to suit your preferences.
  • πŸ– Color Customization: Set your preferred colors for up and down volumes.
  • πŸ•Ή High Activity Highlight: Use the minimum transparency setting to highlight areas of significant activity.

Quick Guide to Using the Activity and Volume Orderflow Profile

πŸ›  Add the Indicator: Add the indicator to your favorites. Customize settings like profile type, lookback period, and resolution to fit your trading style.

πŸ“Š Market Analysis: Use the profile to identify areas of high buying or selling pressure. In "Comparison" mode, look for significant volume differences; in "Net Order Flow" mode, focus on net volume changes. Additionally, you can use the activity heatmap to find key levels that can act as support and resistance as price is likely to react to the zones as indicated by the heatmap.

How it Works:
The indicator operates by first gathering data on high and low prices, as well as buy and sell volumes, over a user-defined lookback period. It then calculates the maximum and minimum prices during this period and divides this range into bins based on the chosen resolution. For each bin, it computes the total volume of buy and sell orders. In "Comparison" mode, it displays side-by-side boxes representing buy and sell volumes, while in "Net Order Flow" mode, it shows the net volume difference. The indicator visually presents these profiles on the chart with customizable colors, transparency levels, and the option to display a heatmap for enhanced volume activity insights.

Maximize your trading with the Activity and Volume Orderflow Profile from AlgoAlpha! πŸš€βœ¨
Catatan Rilis:
fixed "net order flow mode" display features and text to be accurate

🚨Get premium: algoalpha.io

πŸ“Ά Track Live Scalping Profits in Bio

πŸ›œGet FREE signals: discord.gg/xCmqTVRexz

❓Do you have feedback or indicator ideas? Join our server to tell us about it: discord.gg/xCmqTVRexz
Skrip open-source

Dalam semangat TradingView, penulis dari skrip ini telah mempublikasikannya ke sumber-terbuka, maka trader dapat mengerti dan memverifikasinya. Semangat untuk penulis! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.

Inggin menggunakan skrip ini pada chart?