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. It shows the traded volume amount of an asset over a specified period, at certain price levels. Sign up with your email address to receive news and updates. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. The Volume Flow Indicator is also used for spotting divergence; divergence in volume might signify trend reversal. In figure 1, the shaded area around the POC is called the value area, which encompasses one standard deviation of all the volume traded for the time frame. His core setup includes: Market Internals Workspace Initial Balance Indicator thinkorswim Volume Profile TradeStation Workspace Moving Averages (10, 20 EMA & 40, 50 and 200 SMA) Voodoo Lines Hand Drawn price levels Trend Continuation Workspace The Squeeze Triple Squeeze Moving averages TTM Trend Bars Ready, Aim, Fire Is there a better volume profile indicator? : r/thinkorswim - Reddit The third-party site is governed by its posted This profile illustrates point of control, value area, and range. Not investment advice, or a recommendation of any security, strategy, or account type. At the most basic level, it has to do with volume and price. In figure 1, the shaded area around the POC is called the value area, which encompasses one standard deviation of all the volume traded for the time frame. Some traders use the low volume areas as support and resistance levels based on the thought that prices are likely to revert to the value area. Markets have memory, and since POC is where the most volume traded since the beginning of the year, this level could act like a magnet. Defines the height setting mode for each row of the histogram. Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request. Analyzing a Volume Profile chart is a bit different from classical technical analysis. However, instead of comparing two Close prices of adjacent bars, it compares change in typical price with a so-called "cut off" value based on standard deviation. A b-type pattern indicates a bearish move and usually emerges during an imbalanced market. TD Ameritrade, Inc., memberFINRA/SIPC, a subsidiary of The Charles Schwab Corporation. How To Set Up VOLUME PROFILE On ThinkOrSwim (TOS) - YouTube Clicking this link takes you outside the TDAmeritrade website to First, observe in figure 1 that /ES recently rallied up to new highs, above the value area high at 2,125.50. Any security mentioned is to be used strictly for educational purposes, not as a buy/sell recommendation!Email: [email protected] #Volume #VolumeTrading #Thinkorswim
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