The indicator displays volume profiles based on the nesting principle.
The profile periods are preset so that each subsequent profile has a length twice as long as the length of the previous profile.
In addition to the profiles, the indicator displays volume clusters sorted by color, depending on the volume contained in them.
The indicator works on typical timeframes from M5 to MN, but uses historical data from smaller timeframes for calculations.:
- M1 – for timeframes from M5 to H1,
- M5 – for the H4 timeframe,
- M30 – for the D1 timeframe,
- H4 – for the W1 timeframe,
- D1 – for the MN timeframe.
The indicator performs a full recalculation: when you change the scale of the chart, when you scroll the chart, when you switch the timeframe, as well as when a new candle appears.
- ProfileStepPoint – a fixed clustering step along the price axis, set in “old” points, that is, the value 0.1 corresponds to one ” new ” point.
- ProfileStepPointPix–dynamic clustering step along the price axis,expressed in monitor pixels.
- ProfilePriceArea – the size of the cost zone.
- ProfileAreaMode – method for calculating the cost zone:
- OfPocND-distribution relative to the POC level.
- OfTotalVolume-distribution of the volume traded in the profile.
- BoxStepPoint-similar to ProfileStepPoint, but for volume clusters.
- BoxStepPointPix–similar to ProfileStepPointPix, but for volume clusters.
- BoxExcessRemove-the function hides unnecessary clusters, leaving only the most important ones to display.
- BoxDensity-the function enables the cluster calculation mode, as the volume concentration per unit of time.
- VolumesType – the type of volumes used in calculations:
- Tick – tick boxes.
- Real – real, if transmitted from the broker.
- Without – without volumes (volumes are emulated according to the TPO principle).
- LowestBoxColor, LowBoxColor, MiddleBoxColor, MediumBoxColor, HighBoxColor, HighestBoxColor – a group of variables that determine the color of clusters, depending on the volume value.
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- OfPocND-distribution relative to the POC level.
- OfTotalVolume-distribution of the volume traded in the profile.
- Tick – tick boxes.
- Real – real, if transmitted from the broker.
- Without – without volumes (volumes are emulated according to the TPO principle).
The other input variables refer to other settings, and their purpose is clear from their name.
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