volume profile thinkorswim script

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A step by step tutorial on how to set up volume profile charting on the ThinkOrSwim (TOS) platform.If you are interested in how to set up your ThinkOrSwim platform with market profile, click on this link to watch the market profile setup tutorial video: https://youtu.be/an8Puhpp6esBe sure to help share this video to others by clicking the thumbs up.If you have any comments, questions or suggestions for future video, please post them in the comment section and I will answer them as soon as possible.--- Link to my Thinkorswim tutorial videos: ------------------------------------------------------------------------\"How To Set Up ThinkOrSwim Tutorial | Step by Step - 2020\" https://youtu.be/_wkg4aXE31o\"How To Set Up Market Profile On ThinkOrSwim (TOS) - 2020\" https://youtu.be/an8Puhpp6es---------------------------------------------------------------- Subscribe to my YouTube: https://goo.gl/AT4vhQFollow me on: Twitter: https://twitter.com/smtraderCA My blog: http://www.lastchipstanding.comDisclaimer: The contents in this video are for educational and entertainment purposes only. If the trade pushes the price down I count that as negative. This script plots Volume profile study (colored yellow) that aggregates all chart data on the right expansion. For illustrative purposes only. Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request. I test if positive>negative for the last x minutes and that seems to help a little when . The opacity parameter sets the degree of histogram opacity, in percent. Clients must consider all relevant risk factors, including their own personal financial situations, before trading. Volume Profile Visible Range in Pine Script GitHub How To Set Up Market Profile On ThinkOrSwim (TOS) - 2020 Fully adjustable to fit whatever time frame you are trading. VolumeProfile ( String symbol, double pricePerRow, IDataHolder startNewProfile, int onExpansion, int numberOfProfiles, double value area percent); Default values: symbol: getSymbol () pricePerRow: PricePerRow.AUTOMATIC onExpansion: Yes numberOfProfiles: "all" value area percent: 70.0 Description . Let's look at an example. From the Charts tab, select Studies, then Volume Profile. You signed in with another tab or window. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. The volume profile does. It defines the color of Volume Profile if you chose to complement Monkey Bars with it. Market volatility, volume and system availability may delay account access and trade executions. Professional access differs and subscription fees may apply. And changing the opacity/color transparency doesnt really help. For details, see ourProfessional Rates & Fees. On the thinkorswimplatform from TDAmeritrade, select the Charts tab and enter any symbol. By default, the volume profile will display in the expansion area to the right of your traditional price chart, but there are other ways to view this study. Trading privileges subject to review and approval. Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). Orders placed by other means will have additional transaction costs. For more information, please see our Learn more about bidirectional Unicode characters, // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/, study("Fr3d0's Volume Profile Visible Range", "VPVR", overlay=true, max_boxes_count=500), BORDER_COLOR = color.new(color.black, 80), numOfBars = input(90, 'Number of bars', minval=14, maxval=365), numOfHistograms = input(50, 'Number of histograms', minval=10, maxval=200), widestHistogramWidth = input(50, 'Width of the PoC', minval=20, maxval=100), histogramHeight = rangeHeight / numOfHistograms, histogramLowList = array.new_float(numOfHistograms, na), histogramHighList = array.new_float(numOfHistograms, na), histogramPriceList = array.new_float(numOfHistograms, 0.0), histogramBuyVolumeList = array.new_float(numOfHistograms, 0.0), histogramSellVolumeList = array.new_float(numOfHistograms, 0.0), histogramVolumePercentageList = array.new_float(numOfHistograms, 0.0), // Define lows and highs of the histograms, histogramLow = rangeLow + histogramHeight * i, histogramHigh = rangeLow + histogramHeight * (i + 1), array.set(histogramLowList, i, histogramLow), array.set(histogramHighList, i, histogramHigh), array.set(histogramPriceList, i, (histogramLow + histogramHigh) / 2), currentBuyVolume = iff((high[i] == low[i]), 0, volume[i] * (close[i] - low[i]) / currentBarHeight), currentSellVolume = iff((high[i] == low[i]), 0, volume[i] * (high[i] - close[i]) / currentBarHeight), // Define the percentages of the current volume to give to histograms, histogramLow = array.get(histogramLowList, j), histogramHigh = array.get(histogramHighList, j), target = max(histogramHigh, high[i]) - min(histogramLow, low[i]), - (max(histogramHigh, high[i]) - min(histogramHigh, high[i])), - (max(histogramLow, low[i]) - min(histogramLow, low[i])), histogramVolumePercentage = target / currentBarHeight, histogramBuyVolume = array.get(histogramBuyVolumeList, j), histogramSellVolume = array.get(histogramSellVolumeList, j), // If there is at least one histogram affected, // then divide the current volume by the number of histograms affected, array.set(histogramBuyVolumeList, j, histogramBuyVolume + currentBuyVolume * histogramVolumePercentage), array.set(histogramSellVolumeList, j, histogramSellVolume + currentSellVolume * histogramVolumePercentage), // Find the histogram with the highest volume, histogramBuyVolume = array.get(histogramBuyVolumeList, i), histogramSellVolume = array.get(histogramSellVolumeList, i), histogramVolume = histogramBuyVolume + histogramSellVolume, highestHistogramVolume := max(highestHistogramVolume, histogramVolume), // Draw top and bottom of the range considered, line.new(time[numOfBars], rangeHigh, time_close, rangeHigh, xloc=xloc.bar_time, color=DEFAULT_COLOR, width = 2), line.new(time[numOfBars], rangeLow, time_close, rangeLow, xloc=xloc.bar_time, color=DEFAULT_COLOR, width = 2), // Draw histograms and highlight the Point of Control, histogramLow = array.get(histogramLowList, i), histogramHigh = array.get(histogramHighList, i), histogramWidth = widestHistogramWidth * histogramVolume / highestHistogramVolume, histogramBuyWidth = floor(histogramWidth * histogramBuyVolume / histogramVolume), histogramSellWidth = floor(histogramWidth * histogramSellVolume / histogramVolume), box.new(left=bar_index + 1, top=histogramHigh, right=bar_index + 1 + histogramBuyWidth, bottom=histogramLow, bgcolor=BUY_COLOR, border_color=BORDER_COLOR), box.new(left=bar_index + 1 + histogramBuyWidth, top=histogramHigh, right=bar_index + 1 + histogramBuyWidth + histogramSellWidth, bottom=histogramLow, bgcolor=SELL_COLOR, border_color=BORDER_COLOR).

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volume profile thinkorswim script