This indicator calculates volume distribution across price slices over a lookback period and plots boxes on the price chart to represent high volume nodes.
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
High Volume Nodes (HVN) measures volume in each slice and draws horizontal boxes whose width corresponds to volume intensity, with the highest volume nodes highlighted. The showOnlyMax setting limits display to the longest node only. numSlices and lookbackBars control slice count and historical range. It draws directly on the price chart as visual levels. It repaints on the live bar when new data arrives.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show longest HVN
bool
true
showOnlyMax
Slices
int
100
numSlices
Bars
int
200
lookbackBars
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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