The_Silen

Silen's Pseudo VPVR / Pseudo Volume Profile Custom Range

Disclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.

Core facts:
  • Creates a pseudo Volume Profile by counting values of candles and sorting them into a Profile.
  • Works for charts that don't provide any Volume Information.
  • Can display up to 5 different Value Levels.
  • Value level colors are (from largest to smallest level): Red, Orange, Yellow, Green, Blue.
  • The Value levels can be used as Support and Resistance indicators.
  • The Custom Range of the Volume Profile can be adjusted from 10 to 1500 bars.
  • Much faster than the other custom pseudo VPVRs out there.

Shortcomings:
  • As the chart progresses with bars the line positions will distort to the left side. Refreshing the tradingview page or switching to another time interval fixes this. I might fix this issue in the future.
  • Does not use actual Volume nor display actual Volume .

Note: For those who wondered what happened to my first version of this indicator: It got taken down by Tradingview because it was misleading as to using the words "Volume Profile" and "Visible Range". I fully support their decision and I hope I could clear any misunderstandings! Give their team a heads up for the hard work they're doing in keeping this place clean and well organized!

Enjoy! :)
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?