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Trader Dale Volume Profile Study for TOS - futures io By making a contribution you understand you are not entitled to receive anything other than what is already available for free to any visitor of this site. Options: "Number of Bars" : Number of the bars that volume profile will be calculated/shown Note that profiles calculated by the corresponding functions will only be visible if the Show function is applied to them. Not all clients will qualify. There are different ways to display the curve. I want the profile bars to be facing to the LEFT. You can try out different settings by selecting Studies> Edit Studies, then the settings icon. Trading: 6E, 6A, ES, NG, CL, and Stock Options, You can start a new profile on any bar(s) that you want. Futures and futures options trading services provided by Charles Schwab Futures and Forex LLC. You are using an out of date browser. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. The typical vertical volume bar displays the cumulative volume traded at a certain time. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. How to Invest in Mutual Funds for Diversification, Futures Margin Calls: Before You Lever up, Know the Initial & Maintenance Margin Requirements, To Withdraw or Not to Withdraw: IRA & 401(k) Required Minimum Distribution (RMD) Rules & FAQs, Estate Planning Checklist and Tips That Aren't Just for the Wealthy, Think Ahead by Looking Back: Using the thinkBack Tool for Backtesting Options Strategies, Credit vs. Debit Spreads: Let Volatility Guide You, Portfolio Hedging Strategy with Index Options, Characteristics and Risks of Standardized Options, Learn how to trade with the volume profile charting tool, Identify the price at which most trading took place, Use the volume profile tool to help identify trading entry and exit points. The volume va color parameter only affects volume poc color parameter only affects Color.CURRENT is used for any of the elements (profile itself, point of control, value area), that element is not displayed. So, you could consider the value area highs and lows as possible entry and exit points for your trades. If onExpansion is set to yes then this parameter is ignored and only one profile is shown. Chart Source: the thinkorswim platform from TD Ameritrade. It defines the color of Volume Profile if you chose to complement Monkey Bars with it. It won't scan at any other aggregation period and match unless it just happens to be the same level between those aggregations. Prior to a name change in September 2021, Charles Schwab Futures and Forex LLC was known as TDAmeritrade Futures & Forex LLC. To review, open the file in an editor that reveals hidden Unicode characters. #marketprofile #thinkorswim #TOSA step by step tutorial on how to set up market profile charting on the ThinkOrSwim (TOS) platform. Subscribe to my YouTube:. ToS's built in Volume Profile is correct according to Professor Jeff Bierman, CTA. As with any price chart, you can also analyze the data in different time framesintraday, daily, weekly, monthly, and so on. By making a contribution you understand you are not entitled to receive anything other than what is already available for free to any visitor of this site. ), Scan this QR code to download the app now. However, Thinkscript does not have access to the mouse so it's not possible to have the type of control control seen in the video. Charles Schwab Futures and Forex LLC, a CFTC-registered Futures Commission Merchant and NFA Forex Dealer Member. Access more than 70 futures products nearly 24 hours a day, six days a week through Charles Schwab Futures and Forex LLC. Learn more about bidirectional Unicode characters, // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/, study("Fr3d0's Volume Profile Visible Range", "VPVR", overlay=true, max_boxes_count=500), BORDER_COLOR = color.new(color.black, 80), numOfBars = input(90, 'Number of bars', minval=14, maxval=365), numOfHistograms = input(50, 'Number of histograms', minval=10, maxval=200), widestHistogramWidth = input(50, 'Width of the PoC', minval=20, maxval=100), histogramHeight = rangeHeight / numOfHistograms, histogramLowList = array.new_float(numOfHistograms, na), histogramHighList = array.new_float(numOfHistograms, na), histogramPriceList = array.new_float(numOfHistograms, 0.0), histogramBuyVolumeList = array.new_float(numOfHistograms, 0.0), histogramSellVolumeList = array.new_float(numOfHistograms, 0.0), histogramVolumePercentageList = array.new_float(numOfHistograms, 0.0), // Define lows and highs of the histograms, histogramLow = rangeLow + histogramHeight * i, histogramHigh = rangeLow + histogramHeight * (i + 1), array.set(histogramLowList, i, histogramLow), array.set(histogramHighList, i, histogramHigh), array.set(histogramPriceList, i, (histogramLow + histogramHigh) / 2), currentBuyVolume = iff((high[i] == low[i]), 0, volume[i] * (close[i] - low[i]) / currentBarHeight), currentSellVolume = iff((high[i] == low[i]), 0, volume[i] * (high[i] - close[i]) / currentBarHeight), // Define the percentages of the current volume to give to histograms, histogramLow = array.get(histogramLowList, j), histogramHigh = array.get(histogramHighList, j), target = max(histogramHigh, high[i]) - min(histogramLow, low[i]), - (max(histogramHigh, high[i]) - min(histogramHigh, high[i])), - (max(histogramLow, low[i]) - min(histogramLow, low[i])), histogramVolumePercentage = target / currentBarHeight, histogramBuyVolume = array.get(histogramBuyVolumeList, j), histogramSellVolume = array.get(histogramSellVolumeList, j), // If there is at least one histogram affected, // then divide the current volume by the number of histograms affected, array.set(histogramBuyVolumeList, j, histogramBuyVolume + currentBuyVolume * histogramVolumePercentage), array.set(histogramSellVolumeList, j, histogramSellVolume + currentSellVolume * histogramVolumePercentage), // Find the histogram with the highest volume, histogramBuyVolume = array.get(histogramBuyVolumeList, i), histogramSellVolume = array.get(histogramSellVolumeList, i), histogramVolume = histogramBuyVolume + histogramSellVolume, highestHistogramVolume := max(highestHistogramVolume, histogramVolume), // Draw top and bottom of the range considered, line.new(time[numOfBars], rangeHigh, time_close, rangeHigh, xloc=xloc.bar_time, color=DEFAULT_COLOR, width = 2), line.new(time[numOfBars], rangeLow, time_close, rangeLow, xloc=xloc.bar_time, color=DEFAULT_COLOR, width = 2), // Draw histograms and highlight the Point of Control, histogramLow = array.get(histogramLowList, i), histogramHigh = array.get(histogramHighList, i), histogramWidth = widestHistogramWidth * histogramVolume / highestHistogramVolume, histogramBuyWidth = floor(histogramWidth * histogramBuyVolume / histogramVolume), histogramSellWidth = floor(histogramWidth * histogramSellVolume / histogramVolume), box.new(left=bar_index + 1, top=histogramHigh, right=bar_index + 1 + histogramBuyWidth, bottom=histogramLow, bgcolor=BUY_COLOR, border_color=BORDER_COLOR), box.new(left=bar_index + 1 + histogramBuyWidth, top=histogramHigh, right=bar_index + 1 + histogramBuyWidth + histogramSellWidth, bottom=histogramLow, bgcolor=SELL_COLOR, border_color=BORDER_COLOR).