Activity and Volume Orderflow Profile

The Activity and Volume Orderflow Profile indicator visualizes buying and selling pressure within a specified lookback period to help traders identify key levels of market activity.

Usage

The Usage section describes how the script can be used to interpret market dynamics. Traders can utilize the profile to identify areas of significant buying or selling pressure.

• Comparison Mode: Displays buy and sell volumes side-by-side as separate boxes. This allows for a direct visual comparison of which side is dominant at specific price levels.
• Net Order Flow Mode: Displays the difference between buying and selling volume. This is useful for spotting net imbalances in the market.
• Activity Heatmap: Highlights zones of high activity directly on the chart over the lookback period. These zones often act as support or resistance levels where price is likely to react.
• Point of Control (POC): The indicator identifies the price level with the highest total volume, serving as a significant reference point for current market value.

Details

The indicator operates by gathering high, low, and volume data over a user-defined lookback period. It segments the price range between the period's maximum and minimum into "bins" or buckets based on the selected resolution. For each bin, the script calculates the volume associated with "up" candles (buy volume) and "down" candles (sell volume).

The heatmap functionality uses the relative volume of each bin to determine transparency; bins with higher relative volume are more opaque, making high-activity zones visually distinct.

Settings

Main Settings

• Profile Type: Switches between "Comparison" and "Net Order Flow" visualization modes.
• Profile Lookback: Sets the number of bars to include in the volume calculation.
• Profile Resolution: Determines how many vertical price bins the profile is divided into.
• Profile Horizontal Scale: Adjusts the width of the volume profile boxes.
• Profile Horizontal Offset: Moves the profile display horizontally to avoid overlapping with price action.

Appearance

• Show Profile: Toggles the visibility of the volume profile boxes.
• Show Visualisation of Lookback Period: Displays a box on the chart indicating the range of bars used for data.
• Show Heatmap: Toggles the background activity heatmap.
• Minimum Transparency: Adjusts the baseline transparency for the heatmap to emphasize only the most active zones.
• Up Color / Down Color: Customizes the colors used for buying and selling volume.

FAQ

How do I use the Activity and Volume Orderflow Profile?

You can use it to identify price levels with high volume concentration (Point of Control) and determine if the market is being driven by net buying or selling pressure.

What is the difference between Comparison and Net Order Flow?

Comparison mode shows both buy and sell volumes separately at each price level, while Net Order Flow shows only the delta (difference) between them.

How can I access this indicator?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.