Volume Profile + Pivot Levels [ChartPrime]

Category: volume, market_structure

Merges a fixed-period Volume Profile with dynamic pivot level detection, highlighting Point of Control (POC) and supply/demand zones based on volume distribution.

Formula

\text{Bin Value} = \sum (\text{Volume} \mid \text{Price} \in [\text{Bin}_{Low}, \text{Bin}_{High}]) \\ \text{POC} = \max(\text{Bins}) \\ \text{Delta} = \sum (\text{sgn}(\text{Close} - \text{Open}) \times \text{Volume}) \\ \text{Pivot Filter} = (\frac{\text{Bin Volume}}{\max(\text{Bin Volume})} \times 100) \ge \text{Threshold}

Inputs

• Period (default: 200)
• Volume Profile Resolution (default: 50)
• PoC Display (default: true)
• Pivot Length (Lookback/ahead) (default: 10)
• Pivot Filter % (default: 20)

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