We try to add more tools so that you never feel something’s missing in your analysis. Today, we present our new drawing tool — Anchored Volume Profile (AVP).
It calculates volume data within a specified time period, which starts from a manually selected point and continues to the last bar on the chart. It allows traders to analyze the volume activity of a particular range instead of the entire price movement of an asset. The profile is always located next to one of the chart borders (left or right, depending on what is selected in the settings), which allows you to freely move the chart along the time scale: this way, you’ll always see your profile data.
You can find the new volume profile among the Forecasting and measurement tools on the left toolbar:
AVP has the same calculation logic as other volume profiles, which you can read about in our Help Center, and if you want to know more about how you can use AVP, as well as what inputs and algorithms it’s built on, read this article.
We hope the new indicator will prove helpful in your analysis. Please keep sharing your opinions and suggestions: we create TradingView for you and always appreciate your feedback.
Team TradingView