Volume Profiles 101: The Basics
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- Опубликовано: 15 дек 2020
- Volume profiles tell you how much trading volume happened at a specific price. Normal volume indicators tell you how much trading volume happened over a period of time. That's the key difference between the two. In this video, we will walk your the difference between volume and volume profiles, why it's important, and how you can use these unique volume tools.
The key to getting started is understanding that you can view price and volume on a totally different scale than what most people look at it. You can see price and volume based on the price levels that attracted the most trading volume. That's what volume profiles tell you.
On TradingView, you have four volume profiles to pick from:
Visible Range
Session Volume
Session Volume HD
Fixed Range
Each of these is unique in their own way and will help you analyze markets better depending on what you need to find or research.
Visible Range shows how much trading volume occurred at each specific price based on the chart you're looking it.
Session Volume shows how much trading volume occurred at each price within a single session of trading. Session volume shows a volume profile individual sessions.
Session Volume HD is the same as Session Volume except that it is high definition. Meaning it dynamically adjusts to show you more or less data depending on your zoom. If you have multiple monitors or use the multi-chart layout, Session Volume HD can be a huge help.
Fixed Range is how you select any two points on the chart and instantly analyze price and volume for that region. Pick two points and see what prices attracted the most trading volume.
We hope this video helps you get started! Please leave any questions or comments below. You can also send product feedback and our team will try to build something new for you.
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I appreciate you putting these various videos for trading together. Please keep them coming! A happy subscriber!
More to come!
Thank you so much for clearing this up for me! Before this video I was completely confused and lost. You were thorough, concise and simplified volume in a way that helped me alot. Thank you again and I appreciate it! BTW , I subscribed! 💯
You're very welcome!
If you didn't even know about volume profile, it will not change at all your trades...only experience can make the difference
Thank you for the information. You deserve more viewers!
We appreciate that!
Is there a way to further adjust the fixed range volume profile after selecting the two points and narrow down specific levels of the candle to draw data from similar to how you would adjust the risk/reward ratio tool? Hopefully my question makes sense. I'm essentially trying to narrow down volume occurring within supply/demand zones.
Great (in depth) explanation! Thank you
You're very welcome!
I use volume profile to get an indication of support/resistance 😃 . Keep up the great quality videos
Great tip! And we will!
This was really helpful. Thank you so much. My initial thought is that if you have Session Volume and Fixed Volume, indicators, you wouldn't need the VRVP? The session volume would allow you to compare any session, including the session you are in (where the vrvp can only show one) and then the fixed volume range could be added to the sesion volume, to draw comparisons with set times and price ranges? Alternatively, you could just use the session volume, make a mental note of the session overall and then zoom in to a smaller time zone for mental comparison. So in short, the session volume is the most useful? Does that make sense or am I as confused as I sound? Thank you
Thanks a lot. !!!very useful 😎
You're welcome! Also, we have new videos coming, too that'll help with this. So stay tuned for that.
Yep and more being released! Another new video coming soon
thank you for the clear explanation.
You are welcome!
Thank you for sharing your knowledge and wisdom. Could you please tell me why I could not use those volume indicators in the free version. .. or we must paid to be able to use them? Thank you!
Thanks so much, very useful !
Glad it was helpful!
Does the value area up and value area down represent buyer and seller volume??
Thank you. We want more clips and more explanation and practical application
We will make more like it!
Thanks alot I'm looking for next video ☺
We have many more coming! Thank you!
Can you get the volume profile indication on all paid plan levels?
Awesome video thank you for the time. One question so the POC can act as and Support and resistance also?
The POC can sometimes act as support or resistance! But it depends on your strategy and style of investing or trading. In addition, it depends on if it's a Visible Range Volume Profile or specific range. We can make a video about this.
Can you explain a bit...what is the meaning of blue and yellow color in each bar?
We will make a video with more detail on that. It shows up volume and down volume. You can customize the colors yourself by opening the Volume Profile settings.
What does the yellow/blue colours mean on the volume bars?
3:43- There are never "more buyers than sellers" or the reverse. Every buyer is matched with a seller or seller with a buyer. Now...there can be aggressive buyers willing to pay market prices; lifting the offer price. There can be very aggressive sellers willing to sell at the best price available price or lower thereby hitting the bids causing bids to drop. What determines this...the size of the transaction and the side its on. Anyways sorry for the rant and thank you for the video. Just wanted to know how to configure this thing.
This basically says ur not into real trading. Sellers or Buyers can be more at anytime. IT DOESNT MEAN THAT A MATCH HAS HAPPENED IT SIMPLY MEANS MORE PEOPLE OF ONE SIDE HAS FLOATED THEIR SHARE!
DONT CONFUSE MATCH MAKING WITH NO OF SELLLERS OR BUYERS!
Sorry for the rant , keep learning🙂
thank u so much
You are most welcome
what is the blue and yellow signifies?
What is the bar color yellow and blue mean? TQ
Thnx sir
Problems that I have with trading view is, no where to call for questions, upgrades etc. Email them, response is a tug of war. Can any one help with solutions?
How to buy or sell using that indicato? Thats the most important
Thanks for the great tool. Is it possible to add volume delta in each price level and the total session volume?
Hello! For the different volume profiles, you can enable show value. Then you have accurate information where buyers or sellers occur; below you have the total number of buyers and sellers when you enlarge. For your analysis, select the 1h chart in the VPVR and drag the chart to the left until only 1 or 2 hours of candles are displayed. Then look right in the VPVR where the market is spinning: if the price is at the top of the vp, then look at what price level the number of sell contracts is greater than the number of buy contracts: sell entry. And at the bottom of the VP, it's the other way around. More buy-contracts than sell-contracts: long entry. Below the vp you will then have the total number of traded volumes as well as the number of purchases and sales. You need to enable POC and development of POC in VPSV HD. In addition, you also activate the POC in the VPVR. Then you see the major levels where the change of power between bulls and bears took place.
The market goes from poc to poc. To enable extend poc in VPSV. You set limit orders at poc from the day before in the right direction (see VPVR major level) and go with the market to the next poc. When you compress the chart, you see all the pocs from the past that exert a high attraction on the market. These are your take TPs or new entries.
From where we can know about the exact number of traders or money that are selling and buying..
Plz reply ❣️
Interesting
Why are there two colours in volume profile chart? blue and yellow. What do they signify? How to interpret?
We will make a video with more detail on that. It shows up volume and down volume. You can customize the colors yourself by opening the Volume Profile settings.
What should be the time frame for intraday. and how to identify whether selling or buying has happened on that POC.
What do you mean? Could you explain more on what you want to see?
@@TradingView he means is there a way to know the percentage of buying to selling at a certain volume bar? especially the POC?
thnks
Tell us about strategy and direct implementation and thank you
We'll make more videos like this that dive deeper into strategies and or ways the tool can be used
Tysm
Glad you liked it!
you should have explained the numbers in settings instead of playing with colors, pardon me.
to be honest i benefited from the video a lot but wished i understand the setting values as well.
What do the yellow and blue portions on the bars mean?
Yep, I'm trying to work that out too. Kind of think that should have been mentioned somewhere here.
what happend to the volume profile that was on the bottom horizontally?
We don't fully understand this question. What do you mean?
Which is better to use... Candlesticks or Heikin Ashi
It depends on your preference!
Do you have videos on support and resistance
Do you have videos on support and resistance un relation to volume, volume profiles
Good tutorial, but you forgot to mention why the volume has yellow and blue color.
Up volume and down volume!
I have pro subscription but unable to get volume profile????? Help
Can you open a support ticket with our team ASAP? Please try again as well and confirm your subscription. Open your indicators menu by press "/' on your keyboard. Then click Volume Profile.
Will you guys ever introduce footprint charts?
There are some cool Scripts in the Public Library that you can check out. Open your indicators menu and search "Footprint" to see some. We are also working on helping you with this ourselves, but please be patient as we build.
@@TradingView Thanks guys, I’m a big fan and I’ve been a pro subscriber for a few years now. It’s my favorite charting software for technical analysis. 👍 🌟
We all are waiting for you here, how to implement these could you please us, however would like to discuss more .
Did you watch the video? It's easy! Open your indicators and select Volume Profiles to get started.
@@TradingView i mean strategies on volume profile
What does the blue and orange bar mean?
We have some videos up on our profile that explain it. Check them out! Up volume and down volume also value areas
If the candles are not there yet,how can that be determined?
Remember, folks Understand that he is explaining a chart that has already occurred.This will work in theory not real life.😮😊
pl talk loudly.
We have more volume profile videos on our page and we will make more as well with better sound!
Useless video except what the different profiles are and how to customize. No discussion on how to use them as title suggests.