This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
Indicator · Pine Script v4 · On the chart
Daily Weekly Monthly Level
A Pine Script v4 indicator that draws daily and weekly levels on the price chart, built from a volume-profile style calculation.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code2,334
Settings35inputs
LicenceNone stated
Last update6 months ago15 Apr 2026
Add It to Your TradingView Chart
- 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
Daily Weekly Monthly Level works out the point of control and value area (default share 68.3 percent for the first timeframe, 86.6 percent for the second) and projects target lines using adjustable multipliers and an imbalance target. Settings choose the two timeframes, the lookback length, resolution and whether to use the current or previous value area. It reads higher-timeframe data with lookahead.
- Value area and point of control levels
- Two selectable higher timeframes
- Multiplier-based target lines
- Current or previous value area option
Details
Published by
mikeyhu70 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Support & resistance, Volume
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Time Frame | timeframe | D | tf |
| Time Frame | timeframe | W | tf2 |
| Length to Lookback for Previous Value | int | 2000 | plen |
| Resolution | float | 0.000000001 | resolution |
| TF Value Area | float | 0.683 | va_percent |
| TF2 Value Area | float | 0.866 | va_percent2 |
| 1=TPO, 2=BAL, 3=OPEN | int | 2 | bal_type |
| Use Current BAL/POC as midpoint (false use Previous VAL/VAH) | bool | false | use_tpo |
| Use Previous VA (false use current VA) | bool | false | use_prev_va |
| Imbalance Target | float | 1.000 | target_imbal |
| TF Target 1 Multiplier 1 | float | 0.500 | tf_ratio1 |
| TF Target 1 Multiplier 2 | float | 1.000 | tf_ratio2 |
Show all 35 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| TF Target 1 Multiplier 3 | float | 2.000 | tf_ratio3 |
| TF Target 1 Multiplier 1 | float | 0.500 | tf_ratio1b |
| TF Target 1 Multiplier 2 | float | 0.768 | tf_ratio2b |
| TF Target 1 Multiplier 3 | float | 1.000 | tf_ratio3b |
| TF2 Target 1 Multiplier 1 | float | 0.500 | tf2_ratio1 |
| TF2 Target 1 Multiplier 2 | float | 1.000 | tf2_ratio2 |
| TF2 Target 1 Multiplier 3 | float | 2.000 | tf2_ratio3 |
| TF2 Target 1 Multiplier 1 | float | 0.500 | tf2_ratio1b |
| TF2 Target 1 Multiplier 2 | float | 0.768 | tf2_ratio2b |
| TF2 Target 1 Multiplier 3 | float | 1.000 | tf2_ratio3b |
| MA Type | string | SMA | typeMA |
| ========= Source ========= | source | close | source |
| MA 0 Period | int | 20 | len0 |
| MA 1 Period | int | 55 | len1 |
| MA 2 Period | int | 100 | len2 |
| MA 3 Period | int | 200 | len3 |
| Daily Open | bool | true | is_daily_enabled |
| Weeky Open | bool | true | is_weekly_enabled |
| Monthly Open | bool | true | is_monthly_enabled |
| Show Tails | bool | false | show_tails |
| Color | string | Gray | color_input |
| Color POC | string | Aqua | color_poc |
| Color Balance | string | Yellow | color_bal |
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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