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 v5 · On the chart
Volume Profile, Pivot Anchored by DGT
This script is an indicator that plots a volume profile anchored to pivot points on the trading chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code387
Settings27inputs
LicenceNone stated
Last update3 years ago20 Jun 2023
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
Volume Profile, Pivot Anchored by DGT calculates the point of control (PoC), value area high (VAH), value area low (VAL), and displays them as horizontal lines and backgrounds. The volume profile histogram is shown on the left or right side of the chart. Additional features include pivot point levels with price labels, volume weighted colored bars, and customizable settings for profile length, row count, colors, and background fills. The profile is based on historical price and volume data and does not provide trading signals or stop loss rules.
- Volume Profile
- Pivot Points
- Point of Control
- Value Area
- Volume Weighted Bars
Details
Published by
WISEPLAT on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volume, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Points Left/Right Length | int | 20 | pvtLength |
| Volume Profile (Common Interest) | bool | true | volumeProfile |
| totalVolumeColor | color | color.new(#fbc02d, 35) | totalVolumeColor |
| vaVolumeColor | color | color.new(#434651, 35) | vaVolumeColor |
| Value Area Volume % | float | 68 | isValueArea |
| Point of Control (PoC) | bool | true | pointOfControl |
| pocColor | color | color.new(#ff0000, 0) | pocColor |
| Extend Point of Control (PoC) | string | None | pocExtend |
| Value Area High (VAH) | bool | true | valueAreaHigh |
| vahColor | color | color.new(#2962ff, 0) | vahColor |
| Value Area Low (VAL) | bool | true | valueAreaLow |
| valColor | color | color.new(#2962ff, 0) | valColor |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Background Fill of Value Area (VA) | bool | true | vaBackground |
| vaBackgroundColor | color | color.new(#2962ff, 89) | vaBackgroundColor |
| Level Labels | string | Pivot Points | levels |
| Price | bool | true | pvtPrice |
| Price Change | bool | true | pvtChange |
| Cumulative Volume | bool | true | pvtVolume |
| Number of Rows | int | 25 | profileLevels |
| Placment | string | Left | profilePlacement |
| Profile Width % | int | 30 | profileWidth |
| Background Fill of Profile Range | bool | true | backgroundFill |
| backgroundColor | color | color.new(#2962ff, 95) | backgroundColor |
| Volume Weighted Colored Bars | bool | true | vwcb |
| Volume Moving Average Length | int | 89 | Volume Moving Average Length |
| Bold Bars avbove Volume Average * | float | 1.618 | upThesh |
| Light Bars below Volume Average * | float | 0.618 | Light Bars below Volume Average * |
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.
Similar Pine Scripts
The MGIC-tracker is a TradingView indicator that overlays ARK Invest trade records onto stock price charts. It plots buy and sell labels at the exact timestamp of each transaction, showing share volume and ETF weight. Users select a specific ETF type via setti
This overlay indicator marks call and put setups from EMAs, RSI, MACD, and a SPY volume ratio. A call needs higher highs, RSI above its minimum, rising MACD, above-average proxy volume, and a rising trend EMA; a put reverses those tests. Early markers use an E
Comprehensive Volume Profile is an overlay indicator that calculates and plots volume distribution across specified time ranges such as daily sessions, weekly, monthly, or custom bar lengths. It identifies key structural price levels including the Point of Con
This indicator plots two Hull moving averages on the price chart, one of the selected price and one of close, and optionally smooths both with a Kahlman filter. It fills the space between them and marks buy and sell labels when they cross, provided scaled volu
This overlay indicator plots option strike walls and an optional session VWAP on the price chart for SPY or ES. It spaces major strikes by the selected instrument, draws a set number of strikes on each side, and marks wall-trap and sweep events after a cooldow
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers