In this quick tutorial, I show you how to find the volume profile range manually.
So what is a Volume Profile?
The Volume Profile study represents trading activity over a time period at specified price levels. Considering the input-defined aggregation period, the Volume Profile plots a histogram showing price distribution, revealing the dominant price values in terms of volume. The width of the histogram's row represents the number of actual transactions made within the price interval defined by the row's height.
The longest row of the Volume Profile defines the price level at which the highest number of real transactions were made during the specified time period
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So what is a Volume Profile?
The Volume Profile study represents trading activity over a time period at specified price levels. Considering the input-defined aggregation period, the Volume Profile plots a histogram showing price distribution, revealing the dominant price values in terms of volume. The width of the histogram's row represents the number of actual transactions made within the price interval defined by the row's height.
The longest row of the Volume Profile defines the price level at which the highest number of real transactions were made during the specified time period
Like and follow for more Quick Tips.