1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
On the last bar it bins volume from bars currently shown into user-defined price rows, splitting up volume and down volume by candle direction. It highlights the value area around the heaviest rows, plots a point of control line, and can label the POC price. Settings change row count, profile width, value-area percentage, left or right placement, and neon colors. The drawing updates with the visible window and does not issue trade signals.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Rows (Resolution)
int
100
rows
Width (%)
int
40
vp_width
Value Area (%)
int
70
val_area_pct
Placement
string
Left
placement
Up Volume (Inside VA)
color
color.new(colorNeonCyan, 30)
up_color
Down Volume (Inside VA)
color
color.new(colorNeonMagenta, 30)
down_color
Up Volume (Outside VA)
color
color.new(colorNeonCyan, 75)
up_color_out
Down Volume (Outside VA)
color
color.new(colorNeonMagenta, 75)
down_color_out
POC (Point of Control)
color
color.new(colorNeonYellow, 20)
poc_color
POC Line Width
int
2
poc_line_width
Show POC Price Label
bool
true
show_poc_label
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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