Use a profile of close, to find the MODE of a period


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Use a profile of close, to find the MODE of a period.

this will find the MODE of a collection of prices, over a time period,
the close price (range) that occurs with the greatest frequency.

use a profile of close, to find the POC, point of control, the MODE of the period.

can choose profile row type,
. automatic (85 rows)
. ticksize (usually 0.01)
. number (enter a number of a price range)

labels for,
ticksize, row type, MODE price, profile highest price, profile lowest price, profile range.

# profile_close_03

# DataProfile
#   default row qty = 85
# -------------------------------------

def t = ticksize();
addlabel(1, "ticksize " + t, color.yellow);

input pick_row_type = { default auto , tick , number };

#hint pick_row_type: Row height. \n -- auto , calculated automatically, 85 rows. \n -- tick , ticksize, 0.01 for most stocks. \n -- number , enter a price number to define the height of each row.

input row_height_number = 0.25;

def ppr;
switch (pick_row_type) {
  case auto:
    ppr = PricePerRow.AUTOMATIC;
  case tick:
    ppr = PricePerRow.TICKSIZE;
  case number:
    ppr = row_height_number;

addlabel(1, " row type " + pick_row_type , color.yellow);

# stuff from volumeprofile
input showPointOfControl = yes;
input showValueArea = no;  #hint showValueArea: "light shading around the horz lines"
input valueAreaPercent = 70;
input opacity = 20;

def cls = close;
def condition = GetYear() != GetYear()[1];

# "onExpansion" = onExpansion
# yes, place to the right.  no, place over candles
input onExpansion = no;

profile CustomProfile = DataProfile(data = cls, pricePerRow = ppr, onExpansion = onExpansion, startNewProfile = condition);

plot POC = CustomProfile.GetPointOfControl();

addlabel(1, "MODE, close price of highest reoccurance " + poc, color.yellow);

DefineGlobalColor("Profile", GetColor(1));
DefineGlobalColor("Point Of Control", GetColor(5));
DefineGlobalColor("Value Area", GetColor(8));"Profile"), if showPointOfControl then globalColor("Point Of Control") else color.current, if showValueArea then globalColor("Value Area") else color.current, opacity);

def maxp = CustomProfile.GetHighest();
def minp = CustomProfile.Getlowest();

addlabel(1, "profile highest " + maxp, color.yellow);
addlabel(1, "profile lowest " + minp, color.yellow);
def profile_range = maxp - minp;
addlabel(1, "profile range " + profile_range, color.yellow);



info on MODE
Last edited:

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