Subscribe to newsletter. Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete. No products in the cart. Sign in Sign up. Search for:. FX October 2, Categories: Indicators. Related Articles. FX September 28, FX November 21, FX September 29, FX October 5, Responses Cancel reply Your email address will not be published. Volume profile is an important technical analysis tool used by traders all over the world.
The reason it is so popular is because it is incredibly easy to use and can help you quickly identify if there is an increase or decrease in the amount of buying and selling. How to find, enter and place stop losses on the best price action entries. I hunt pips each day in the charts with price action technical analysis and indicators. My goal is to get as many pips as possible and help you understand how to use indicators and price action together successfully in your own trading.
Skip to content. Alert Settings: self explanatory. You Might Also Like. Average rating:. Help others make better choices. Please review your recent purchase. Reviews Very helpful Indicator for Trading. Volume profile indicator.
A user-friendly volume profile indicator. Just drag and drop anywhere on the chart. Excellent indicator. Past performance is not a guarantee of the same future results. Forex Racer. Vintage Choppers. Sign in. Forgot your password? Get help.
Password recovery. By admin. However, for the most part, volume is confined to the x-axis. The volume indicator basically shows the amount of transactions that take place during a session. Based on whether price was bullish or bearish, the volume bars are painted accordingly. This is known as volume profile or market profile. With volume profile, traders focus on areas where a reversal could occur. Some say that volume profile analysis gives an "unfair" advantage due to the market context and that such methods are used by large institutions and banks.
Be that as it may, volume profile strategy makes for an interesting study as it puts the often taken for granted volume bars in context and allows for some unique insights into the markets when trading.
Volume, or volume of trade shows the total number or quantity of contracts or shares that are traded for a specific security. Volume can be measured on just about any financial security. Most commonly, volume is used in futures and stocks.
Due to the fact that futures and stocks are traded at an exchange, one is able to get a fair idea on the quantity of contracts or shares that change hands. Volume is also used in the forex markets. However, the major drawback here is that due to the OTC nature of forex execution, it is difficult to get a full picture of the true volume for the forex markets. Still, many brokers offer the volume indicator, plotted as a histogram on the x-axis.
This volume, in most cases captures just a small percentage and therefore does not reflect the true picture. Regardless, many forex traders continue to prefer to use the volume indicator.
The first chart below shows the basic layout of a stock chart with the volume bars displayed at the bottom of the chart. The volume basically represents the amount of transactions that take place. Volume can also be used to measure the liquidity of the security in question.
Generally speaking, volumes are reported once an hour by exchanges. However, these days of electronic trading can report volumes on a tick by tick basis.
Still, these volumes that you see in real time are only estimates. The true and actual volume is showed only the next day for the previous day. When volumes are high, it signals that the security is liquid and active.
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