OPEN-SOURCE SCRIPT
Impulse Profile Zones [BigBeluga] - with Alerts
📌 Indicator Description
This indicator highlights impulse price zones that occur when a large-bodied candle (high momentum candle) appears. Within these zones, the indicator performs the following:
Calculates vertical volume distribution (Volume Profile) using lower timeframe data.
Draws a histogram bar across 10 price levels within the zone to show volume concentration.
Identifies the POC (Point of Control) — the price level with the highest volume.
Provides automatic BUY/SELL alerts based on the direction of the impulse candle:
📈 Buy alert is triggered when a large bullish candle forms.
📉 Sell alert is triggered when a large bearish candle forms.
🚀 Future Development Potential
🧠 AI sentiment integration for enhanced signal validation
📤 Webhook alerts to external systems like Telegram or Discord
📉 BUY/SELL arrow visualization directly on the chart
🔄 Auto-drawn support/resistance levels derived from volume profile zones
This indicator highlights impulse price zones that occur when a large-bodied candle (high momentum candle) appears. Within these zones, the indicator performs the following:
Calculates vertical volume distribution (Volume Profile) using lower timeframe data.
Draws a histogram bar across 10 price levels within the zone to show volume concentration.
Identifies the POC (Point of Control) — the price level with the highest volume.
Provides automatic BUY/SELL alerts based on the direction of the impulse candle:
📈 Buy alert is triggered when a large bullish candle forms.
📉 Sell alert is triggered when a large bearish candle forms.
🚀 Future Development Potential
🧠 AI sentiment integration for enhanced signal validation
📤 Webhook alerts to external systems like Telegram or Discord
📉 BUY/SELL arrow visualization directly on the chart
🔄 Auto-drawn support/resistance levels derived from volume profile zones
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.