PROTECTED SOURCE SCRIPT
Spike Base VP
Volume Profile Spike Base:
Key Features:
Identifies M Period: Detects the 3:30-4:00 PM ET 30-minute candle (highlighted with light blue background)
Tracks Pre-M Extremes: Monitors the highest high and lowest low before the M period begins
Validates Extensions: Only marks spike bases when the M period extends at least 1 point (configurable) beyond the pre-M extreme
Visual Markers:
Green line = Bullish spike base (low extension) - the highest low before M period
Red line = Bearish spike base (high extension) - the lowest high before M period
Lines extend to the right for easy reference
Triangle markers show when valid spike bases form
Usage Notes:
Use on a 30-minute chart for /ES
Ensure your chart time zone is set to America/New York (or adjust the time zone)
The minimum extension is set to 1.0 points but you can adjust it in the indicator settings
Works best when the M period creates a true spike beyond recent price action
The indicator will draw horizontal lines at your spike base levels that persist on the chart, making them easy to reference for potential support/resistance during your day trading. (default is 5 days, adjustable from 1-30 days)
Key Features:
Identifies M Period: Detects the 3:30-4:00 PM ET 30-minute candle (highlighted with light blue background)
Tracks Pre-M Extremes: Monitors the highest high and lowest low before the M period begins
Validates Extensions: Only marks spike bases when the M period extends at least 1 point (configurable) beyond the pre-M extreme
Visual Markers:
Green line = Bullish spike base (low extension) - the highest low before M period
Red line = Bearish spike base (high extension) - the lowest high before M period
Lines extend to the right for easy reference
Triangle markers show when valid spike bases form
Usage Notes:
Use on a 30-minute chart for /ES
Ensure your chart time zone is set to America/New York (or adjust the time zone)
The minimum extension is set to 1.0 points but you can adjust it in the indicator settings
Works best when the M period creates a true spike beyond recent price action
The indicator will draw horizontal lines at your spike base levels that persist on the chart, making them easy to reference for potential support/resistance during your day trading. (default is 5 days, adjustable from 1-30 days)
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.