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