divergence software, inc.
Development & Consulting Services
Product Detail
Auto Profile Indicator
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
AutoProfile is a continuous volume profile indicator based on a sliding window of the recent price action. There are two modes of operation that can be selected:
Swing Based - In this mode the profile is only updated when a significant change in direction occurs. The logic used to determine the current swing status is fully automatic and will operate with all securities and prices, no matter how small or large. In Swing Based Mode, each profile is calculated on all bars since the last profile update.
Strength Based - In this mode the profile is only updated when a significant change in volume at the Point of Control (POC) occurs. In this mode the profile is based on a sliding window of price bars that is internally calculated based on the price action.
You can also customize the logic used in the Value Area calculation by selecting between "Percent Method" and "StdDev Method" and then specifying the percentage/standard deviations value to use. Requires eSignal Username upon purchase.
Specifications
- Product ID: SES02
- Study only, no source code provided
- Requires eSignal 12.x or newer