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Price distribution

The Price distribution indicator is the author's implementation of the Market profile indicator. The indicator uses graphical objects to display the price distribution on the vertical axis over a certain time. The tick volume serves as the quantitative measure in calculations. The indicator is calculated on the data of the M1 timeframe. The indicator is updated when a new bar appears.

Input parameters

  1. Period - the number of the last bars of the current timeframe for the calculation;
  2. Scale - horizontal scale of display;
  3. Left side - flag to display at the left/right edge of the window;
  4. Color - color of the levels;
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