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Volume profile thread.
The volume profile is an incredibly powerful tool.
It simply shows you how much was transacted at any given horizontal level.
On TradingView (only if you have a subscription) you can use the “fixed range”, “VPSV” or “VPVR”.
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The volume profile is an incredibly powerful tool.
It simply shows you how much was transacted at any given horizontal level.
On TradingView (only if you have a subscription) you can use the “fixed range”, “VPSV” or “VPVR”.
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Since a lot of you have asked: here are my settings for the VPVR.
If you increase the row size a lot it becomes more smooth.
Now let’s get to it.
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If you increase the row size a lot it becomes more smooth.
Now let’s get to it.
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What you see here is the anatomy of the VPVR.
It shows the volume traded at all the price levels you’re currently looking at.
It’s dynamic so it will change when you zoom in or out.
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It shows the volume traded at all the price levels you’re currently looking at.
It’s dynamic so it will change when you zoom in or out.
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This is the fixed range.
It’s the same concept as the VPVR, but this one is static. Zooming in or out won’t change it.
The advantage of the fixed range is that you can select exactly from which point you want it to show the volume profile.
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It’s the same concept as the VPVR, but this one is static. Zooming in or out won’t change it.
The advantage of the fixed range is that you can select exactly from which point you want it to show the volume profile.
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Finally we have the VPSV.
Each box is a session. A session is a day.
So it automatically shows the fixed range for each day.
The current day is dynamic; it updates as time passes.
The VPSV is ideal for lower time frames.
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Each box is a session. A session is a day.
So it automatically shows the fixed range for each day.
The current day is dynamic; it updates as time passes.
The VPSV is ideal for lower time frames.
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How to use the volume profile for trading?
I wrote down some tips on the chart.
It can be used for s/r levels, validating ranges, forming a bias and spotting breakouts.
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I wrote down some tips on the chart.
It can be used for s/r levels, validating ranges, forming a bias and spotting breakouts.
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Spotting breakouts.
The VAH & VAL often act as the outer edges of a range.
When price gets there you can expect it to bounce off of it and gravitate back to the POC.
But when one of these levels breaks, you usually get continuation at a high pace.
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The VAH & VAL often act as the outer edges of a range.
When price gets there you can expect it to bounce off of it and gravitate back to the POC.
But when one of these levels breaks, you usually get continuation at a high pace.
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Gaps.
Gaps are areas with a lot of low volume nodes.
These LVNs don’t offer much resistance.
Thus you can expect price to slice through it once it gets there.
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Gaps are areas with a lot of low volume nodes.
These LVNs don’t offer much resistance.
Thus you can expect price to slice through it once it gets there.
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Volume profile is great for ranges which is why you might be focused on lower timeframes.
But it works great on all timeframes and often marks very key levels.
9/fin
But it works great on all timeframes and often marks very key levels.
9/fin
