Volume Profile Indicator
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In this chart were trading with the Volume Profile which is an advanced charting study that displays trading activity at specified price levels over a specified time period. Trading this chart method makes it possible to visually see the market as a whole and the major support and resistance levels. This is what big money and trading firms use to trade the market each day.
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The Volume Profile indicator is used in stocks and futures markets. It is a volume-based indicator that identifies six key value areas used by major trading firms to trade the markets. The indicator identifies six levels: the Point of Control or POC, Value Area High and Value Area Low, or VAH and VAL as they appear on the chart. And the High, Low, and Mid Range areas.
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The charts above are the NQ on left and ES on right. POC or point of control is major support area, and once lost price moves down to the VAL or Value area Low lines so that would be your target on the trade. Several important levels come into play when trading the volume profile chart and are listed below.
The volume profile plots all those areas in real-time and does not lag, and plots them on the chart. The colors of the lines can be customized to your liking. It can be used on any chart type, including Renko, Range, Volume, etc. The POC line or Point of Control is like a magnet for price action as this is the area where the most volume is traded.Â
The POC line or Point of Control is a major support and resistance level in trading that comes into play every day. This is were the big money enters the market and the most volume traded. In the chart below buy below the POC line target that VAL which is a support level, it holds and reverses.
The chart above is the NQ with the volume profile. Price moves off support at the Value Area Low and the price moves up to the point of control and that would be your target. These levels come into play daily, are precise and accurate, and move based on the price movement, so there is no lag. The Point of Control line is the major support level for the day. This is the price level with the highest traded volume. So its the major support line or line in the sand on the chart for trends. Price breaks below the POC line and target would be the VAL line as trend goes from one support area to the next. Â
The POCÂ is another major support line that comes into play trading each day with volume profile.
The price action finds support at the VAH line moves up to the POC line and next resistance is at the VAH line or Value Area High. That would be you target trade from one price level to the next. This is very powerful and accurate indicator that you can use in your trading each day. Simple to read and put to work in your trading.
Traders must understand the terminologies associated with the volume profile indicator.
Volume profile is an advanced charting indicator that displays total volume traded at every price level over a user specified time.
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Manuals, and or Videos on using the Software all available for instant download once purchased.
Instant Download
The indicators and manuals and or videos are all available to download after you purchase them. And they will be there should you need them.
The software and the manuals and or videos are all available to download instantly after purchase.
Yes, you will receive a PDF manual that explains on how to install the software and a video on how to install it.
No additional fees
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Only on the Ninjatrader 8 platform
No there are no free trials