Volume Profile

From English Manual

   

Introduction

The Volume/Delta profile is used to detect High Volume Nodes HVN and Low Volume Nodes LVN. It records an historical gradient per tick of the trades and deltas executed since the start of the chart. Therefore is a composite Volume. This zones can be important to determine possible reversals, to put the stop loss and take profit orders, etc. For instance if the price enters an LVN you can expect it to go up or down quickly to a more consolidated zone.

In the following pictures you can see some example views of the Delta/Volume profile.

This volume profile was designed to occupy small space in order to permit display of more data in the chart at any given time.

   

Configuration

Font

The font for texts in the profile

Volume Divisor

All values displayed in the profile will be divided by this number and then rounded to the nearest integer. It will help you in large volume markets to give you more human readable numbers.

Position

This setting can be Left or Right and sets the position of the chart where the profile will be attached.

Text Width

Volume border color

The border color for the volume bars. If you don’t want them to be shown you can select a transparent color here or select a very large Minimal height to show border.

POC text color

The color for the text of the maximum volume bar.

Positive Delta Color

Color of the bars for positive delta values.

Negative delta color

Color of the bars for negative delta values.

Delta Border Color

The color for the border of the delta bars. If you don’t want them to be shown you can select a transparent color here or select a very large Minimal height to show border.

Minimal text size

This is the smallest size of the font when the profile is contracted. Beyond this point text will be hidden.

Maximal text size

This is the maximum size the text will have when the profile is expanded. It will not grow beyond this number. This is usefull to avoid to from occluding other parts of the chart when too detailed view is expanded.

Minimal height to show border

This is the height in pixels to show a border around the bars. If you don’t want this border to be visible you can set a considerably large value here so it is never displayed. For instance a value of 1000.

Negative Delta text color

Color of text for the delta bars when the delta is positive. If you don’t want this text to be shown you can select a transparent color here.

Positive delta text color

Color of text for the delta bars when the delta is negative. If you don’t want this text to be shown you can select a transparent color here.

POC Color

Color for largest volume bar.

Volume text color

Color for the text of the volume bars. If you don’t want this text to be visible you can select a transparent color here.

Volume color

The color for the volume bars.

Separation of text from center

This is the distance in pixels from the center line to the start of rendering text. It can be used to create a margin for better visual effect or to avoid the text from rendering on top of the bars if it is declared larger than Profile Width.

In the following image you can see the effect when this value is increased:

Profile width

This is the width in pixels of the profile. Only largest bar will have this quantity of pixels.

Distance of center from end of chart

The profile is drawn from an imaginary center line. This setting defines the distance from the edge of the chart to this line.

Order Filter

Minimum order size

This is a filter to remove market noise. It causes the indicator to ignore any order of size below the specified size.

Maximum order size

This setting is similar to Minimum order size but should rarely be used. Was included for completeness but it can be potentially be removed in later versions.