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 with Node Detection [LuxAlgo]
This indicator draws a volume profile on the price chart over a configurable lookback.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code615
Settings35inputs
LicenceNone stated
Last update1 year ago19 Jun 2025
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 with Node Detection [LuxAlgo] splits price into rows, colors up and down volume, and can mark the point of control, value area, value area high, and value area low. Peak and trough volume nodes are found by comparing neighboring rows using a detection percentage and a volume threshold. Users can highlight a chosen number of highest and lowest nodes, switch gradient or classic colors, and set profile width, placement, and price labels. It does not generate trade entries or exits.
- Volume peak and trough node detection
- Point of control and value area levels
- Highest and lowest volume node highlights
- Gradient or classic profile colors
- Configurable lookback, rows, width, and placement
Details
Published by
etabebe1 on GitHub
Code credit
LuxAlgo, as written in the script's header
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 |
|---|---|---|---|
| Volume Peaks | string | Peaks | vn_peaksShow |
| vn_peakVolumeColor | color | color.new(color.blue, 50) | vn_peakVolumeColor |
| Node Detection Percent % | int | 9 | vn_peaksNumberOfNodes |
| Volume Troughs | string | None | vn_troughsShow |
| vn_troughVolumeColor | color | color.new(color.gray, 50) | vn_troughVolumeColor |
| Node Detection Percent % | int | 7 | vn_troughsNumberOfNodes |
| Volume Node Threshold % | int | 1 | vn_VolumeNodeThreshold |
| Highest Volume Nodes | int | 0 | vn_highestNVolumeNodes |
| vn_highestVolumeColor | color | color.new(color.orange, 25) | vn_highestVolumeColor |
| Lowest Volume Nodes | int | 0 | vn_lowestNVolumeNodes |
| vn_lowestVolumeColor | color | color.new(color.navy, 25) | vn_lowestVolumeColor |
| Volume Profile | bool | true | vp_profileShow |
Show all 35 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| vp_profileGradientColors | string | Gradient Colors | vp_profileGradientColors |
| Value Area Up / Down | color | color.new(#2962ff, 30) | vp_valueAreaUpColor |
| / | color | color.new(#fbc02d, 30) | vp_valueAreaDwonColor |
| Profile Up / Down Volume | color | color.new(#5d606b, 50) | vp_profileUpVolumeColor |
| / | color | color.new(#d1d4dc, 50) | vp_profileDownVolumeColor |
| Point of Control | string | None | vp_pocShow |
| vp_pocColor | color | #fbc02d | vp_pocColor |
| Width | int | 2 | vp_pocWidth |
| Value Area High (VAH) | bool | false | vp_vahShow |
| vp_vahColor | color | #2962ff | vp_vahColor |
| Value Area Low (VAL) | bool | false | vp_valShow |
| vp_valColor | color | #2962ff | vp_valColor |
| Profile Price Labels | string | Small | vp_profileLevels |
| Profile Lookback Length | int | 360 | vp_profileLength |
| Value Area (%) | float | 70 | vp_valueAreaThreshold |
| Profile Placement | string | Right | vp_profilePlracment |
| Profile Number of Rows | int | 100 | vp_profileNumberOfRows |
| Profile Width | float | 31 | vp_profileWidth |
| Profile Horizontal Offset | int | 13 | vp_profileHorizontalOffset |
| Value Area Background | bool | false | vp_valueAreaBackground |
| vp_valueAreaBackgroundColor | color | color.new(#2962ff, 89) | vp_valueAreaBackgroundColor |
| Profile Range Background | bool | false | vp_profileBackground |
| vp_profileBackgroundColor | color | color.new(#2962ff, 95) | vp_profileBackgroundColor |
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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