Intrabar Volume-at-Price Scatter Plots with Distribution Overlays
Summary
This indicator builds a volume-at-price distribution from lower-timeframe data inside each chart bar. It groups intrabar volume by closing price, then plots the resulting price-volume observations as a scatter display whose orientation can be changed. Point appearance can reflect volume or price intensity, while a fitted regression-style guide, center cross, and median help summarize the distribution. Optional percentile and interquartile-range boxes show central spread and broader dispersion.
The script also keeps a small history of the highest intrabar volume readings and can show these in a dashboard. The display depends on lower-timeframe data availability and configurable sampling resolution; the script notes that some resolution choices require a premium plan. These plots describe within-bar volume distribution, but the document gives no trading rules or evidence that the visual patterns predict future returns.
Key ideas
- Lower-timeframe observations are grouped by closing price to estimate volume at each price within a chart bar.
- The plot supports multiple orientations and visual encodings for examining price-volume relationships.
- Median, best-fit, percentile, and interquartile-range overlays summarize the distribution's center and spread.
- A dashboard can retain recent peak intrabar volume readings.
- Lower-timeframe access and sampling choices constrain the data, and no predictive performance is reported.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.