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Volume Profile and Market Profile are both popular tools used for intraday traders and investors but what's the difference between the two?
- What Is A Volume Profile
- Volume Profile Indicators
- Volume Profile Strategies
- Determining Volume Profile Time Frames
- Volume Profile Charting Software
A Volume Profile is an advanced charting indicator that displays total volume traded at every price level over a user specified time period. Volume Profiles Uses: 1. Identify Key Support and Resistance Levels for Setups 2. Determine Logical Take Profits and Stop Losses 3. Calculate Initial R Multiplier 4. Identify Balanced vs Imbalanced Markets 5. ...
Volume profiles can be setup in variety of variations depending on the indicator and charting software you’re using . Let’s take a look at the different indicators and their best use.
As mentioned earlier, a lot of new traders are unprofitable because they fail to apply any context to their trades and are simply trading patterns. If this is the stage you’re currently in, applying the following techniques to your current setups will result in a significant boost to your performance.
Determining what time frames you primarily focus on will be determined by your style of trading and will take some experimenting. Here’s some loose suggestions to get you started.
If you’re interested in using volume profiles or any other order flow trading tools, there’s a few charting software companies I would recommend. MotiveWave.com– MotiveWave is the charting software I use and is where all the screenshots of charts throughout my blog are generated. I’ve been using MotiveWave for close two years and am very happy with...
People also ask
What is a volume profile indicator?
What is the difference between Market Profile and Volume Profile?
What is the difference between Volume Profile & TPO charts?
What is Volume Profile?
This video shows the main differences between Volume Profile and Market Profile (TPO). It shows how the Market Profile is calculated and the logic behind it. It also shows the pros and cons of each indicator.
Types of Volume Profile Charts. Composite Volume Profile. Displays the volume distribution within a single trading day, ideal for short-term price fluctuations. Intraday Volume Profile. Aggregates volume data over an extended period, offering a comprehensive view of market behavior for long-term analysis. Fixed Range Volume Profile
Volume Profile is an advanced charting indicator that displays trading activity over a specified time period at specified price levels. The indicator takes into account user-defined parameters such as number of rows and time period and plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume ...
Aug 28, 2023 · The Volume Profile doesn't show when volume occurred. Instead, it shows the price at which volume occurred. Unlike a typical volume study that aggregates volume for a specified time period and displays a vertical column of the total volume for that period, the Volume Profile indicator plots a horizontal histogram of volume traded at specific ...
