šWhat is a volume profile?
A Volume Profile is an advanced charting indicator that displays total volume traded at every price level over a user specified time period.
šVolume Profiles Uses:
š· Identify Key Support and Resistance Levels for Setups
š· Determine Logical Take Profits and Stop Losses
š· Calculate Initial R Multiplier
š· Identify Balanced vs Imbalanced Markets
š· Determine Strength of Trends
šVolume Profile Components:
š¹Point of Control (POC): Price level where the most volume traded for the session. Commonly referred to as the POC.
š¹Value Area (VA): Price range in which a user specified percentage volume was traded for a session. Volume profile traditionalist use 70% as it close to 1 standard deviation from the mean. The Point of Control is used as the mean on a volume profile.
š¹Volume Area High(VAH): This represents the price level at which the highest volume of trades occurred during the analyzed period inside VA. It indicates a significant level of trading activity and is often considered a key resistance level.
š¹Volume Area Low(VAL): Conversely, the Volume Area Low represents the price level with the lowest volume of trades during the analyzed period inside VA. It signifies a level of low trading activity and is typically considered a support level.
š¤ @AlgoBuddy
š Daily Ideas about market update, psychology & indicators
ā¤ļø If you appreciate our work, please like, comment and follow ā¤ļø
A Volume Profile is an advanced charting indicator that displays total volume traded at every price level over a user specified time period.
šVolume Profiles Uses:
š· Identify Key Support and Resistance Levels for Setups
š· Determine Logical Take Profits and Stop Losses
š· Calculate Initial R Multiplier
š· Identify Balanced vs Imbalanced Markets
š· Determine Strength of Trends
šVolume Profile Components:
š¹Point of Control (POC): Price level where the most volume traded for the session. Commonly referred to as the POC.
š¹Value Area (VA): Price range in which a user specified percentage volume was traded for a session. Volume profile traditionalist use 70% as it close to 1 standard deviation from the mean. The Point of Control is used as the mean on a volume profile.
š¹Volume Area High(VAH): This represents the price level at which the highest volume of trades occurred during the analyzed period inside VA. It indicates a significant level of trading activity and is often considered a key resistance level.
š¹Volume Area Low(VAL): Conversely, the Volume Area Low represents the price level with the lowest volume of trades during the analyzed period inside VA. It signifies a level of low trading activity and is typically considered a support level.
š¤ @AlgoBuddy
š Daily Ideas about market update, psychology & indicators
ā¤ļø If you appreciate our work, please like, comment and follow ā¤ļø
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Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.