Considering the input-defined aggregation period, the Volume Profile plots a histogram showing price distribution, revealing the dominant price values in terms of volume. Volume Profile Analysis book is a guide to understanding the basic principles of volume profile price analysis. The price level that has the highest volume (widest horizontal row) is referred to as the point of control (POC), which identifies the price level where most trades took place. Setting this parameter to "CHART" involves the entire price plot into calculation. The highest price level reached within the specified time interval. Volume indicates levels of acceptance (high volume) and rejection (low volume). Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request. The thinkorswim Volume Profile study helps traders analyze volume by price. Defines whether or not to highlight the Value Area. THINKORSWIM Market and Volume Profile indicators combined First, observe in figure 1 that /ES recently rallied up to new highs, above the value area high at 2,125.50. Trading privileges subject to review and approval. The number of bars used to calculate the Volume Flow Indicator. Defines the degree of histogram opacity, in percent. A Richer Technical View: Analyzing Volume by Price The POC is highlighted by the red horizontal row at 2,051.5; the value area is highlighted in the purple region between 1,921.00 and 2,125.50. Defines the number of periods to calculate the Volume Profile. Leveraging volume profile in trading can help you determine when a stock has been oversold or overbought. Notice the following plots on the example chart below: If you are looking for a tutorial on how to setup Volume Profile for Tradingview charts, check out the following article. Beta Weighting on thinkorswim May Offer Clues, 3 Technical Indicators on thinkorswim to Help Find and Follow Trends, Characteristics and Risks of Standardized Options, Know how to use Volume Profile charts to analyze supply and demand dynamics, Learn how to identify potential support and resistance levels with the value area of the Volume Profile chart, Understand the significance of where most trades took place, or the point of control (POC), To change the display of Volume Profile, select, Select the settings icon for Volume Profile. Clients must consider all relevant risk factors, including their own personal financial situations, before trading. You are using an out of date browser. The range of prices around the POC that contain 70% of total volume for the period is called the value area. A custom study based on the Volume Profile study included with Thinkorswim. How To Set up Volume Profile On Think Or Swim TOS - YouTube I happened to find it in my files, thought I'd share it with the community, Join 2,500+ subscribers inside the useThinkScript VIP Membership Club, VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range.
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