Uniform Volume Profile
Uniform Volume Profile
The volume of a single candlestick is uniformly distributed by its range (high - low) along all the colliding volume profile bars.
For example, if a 10% of a candlestick intersects some volume bar (horizontal line) only the 10% of that candlestick volume will contribute to that profile.
The volume of a single candlestick is uniformly distributed by its range (high - low) along all the colliding volume profile bars.
For example, if a 10% of a candlestick intersects some volume bar (horizontal line) only the 10% of that candlestick volume will contribute to that profile.
Versionsinformation:
V2. The lookback line is updated at every new candlestick. Updated Tags.
Versionsinformation:
V3.
Requested by: ko_dori
Added input: color picker. Choose the color the volume bar.
Added input: max transparency. If higher value -> less important bars are more transparent.
Requested by: ko_dori
Added input: color picker. Choose the color the volume bar.
Added input: max transparency. If higher value -> less important bars are more transparent.
Versionsinformation:
V4.
Requested by @TraderX_Unkown
Requested by @TraderX_Unkown
- Added Input: Low color . Pick the color profile of the tightest profiles.
- Remove Input: Max transparency. Obsolete by the previous input. You are free to select the transparency of the Lower profile.
- Added Input: Gradient change. With this you can select different algorithms to control the gradient change between High-Low volume colors. Can be used to highlight the wider profiles.