Volume Profile + Pivot Levels [ChartPrime]

Category: volume, market_structure

Combines a fixed-period Volume Profile with pivot-point discovery to identify high-interest price levels and Point of Control (PoC).

Formula

\text{Bin Value} = \sum \text{Volume if } \text{Price} \in [L + (i \times \text{size}), L + (i+1 \times \text{size})] \\ \text{PoC} = \max(\text{Bins}) \\ \text{Pivot Filter} = \text{Pivot valid if Bin Volume} \ge \text{Max Volume} \times \text{Filter \%}

Inputs

• Period (default: 200)
• Volume Profile Resolution (default: 50)
• PoC (default: true)
• Display Pivots (default: true)
• Pivot Length (default: 10)
• Filter % 0-100 (default: 20)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.