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Volume

Why Volume MATTERS! -a TV tutorial-I'm sure that you've heard a lot about "volume"... But you have probably found it pretty hard to make heads or tails about what it actually means and how you can gauge what may happen to price by reading volume. I have long found that volume has been an "enigma" as a trader. Seemingly no real method to it's madness, but I have always heard that it is in fact a VERY important tool in trading. Honestly, it took me a while to comprehend what it actually means! Why some areas have high volume and low volume, and how to make sense of it. The best way I have heard volume explained is that it is a measure of traders' PAIN.... While that is not a far off description of volume, I have a better explanation for volume: INTENT. As you can see in the main chart above, I'm using several methods to show you different support and resistance levels. THEREIN LIES THE KEY...Resistance and support by itself is useless, because you can't gauge price's intent to cross it or bounce from it..... But VOLUME is the key to unlock price action's intent of bouncing from support or resistance or crossing it! Here is the best way to get your mind around what volume actually means to you: -LOW VOLUME at a resistance or support point means that there is very little INTENT to cross above or below it. (BOUNCE) -HIGH VOLUME is the intent of market makers to push through either a support or resistance price point. Seems super easy right? Well...... Not so fast. If you have spent any time around charts, you understand that there are two distinct different ways to measure support and resistance. 1) Either at key bottom or top consolidation levels. 2) Trend lines If you take a look at price currently on Bitcoin in relation to support or resistance, you will see that we have just crossed right above a resistance trend line... Most traders would likely jump right into a long here, not recognizing that we are also at a price resistance point (easily seen on VERTICAL VOLUME PROFILE). Would you long here, or would you short? Answer: You would likely short here... Why? Answer: It is not just necessary to understand trend lines being resistance and support. You also need to see price points of resistance and support. Currently, we are seeing low volume at an obvious price resistance point (as seen on vertical volume profile). This gives you an indication that just because we have pushed past a trendline, volume is rejecting this price area.... IF, and only IF we pushed past 49200 on this chart with HIGH VOLUME would we stop loss and go long. Otherwise, we have a reason to believe that market makers are not interested in moving higher here, and we simply retraced up only to go right back down from here. If you notice the red boxes on volume, the arrows that point towards price will highlight the fact that price always ended bouncing from a resistance or support point on low volume. Every high volume bar you see on the chart, gave intent on cross either a resistance/support trend line OR resistance/support price point. Hope this helps you become a better trader to base your trades on volume instead of simply support or resistance!
Education
by Zulu_Kilo
6
Top 5 Most Traded Forex Currencies & Sessions The Top 5 Most Traded Currencies in the World 1. US Dollar (USD) The official currency of the United States of America, the US Dollar is also the world’s primary reserve currency. Most traded currency pair: EUR/USD Most active trading session: New York and London sessions 2. Euro (EUR) The second widely traded currency is the Euro. Most traded currency pair: EUR/USD Most active trading session: London and New York sessions 3. Japanese Yen (JPY) The Japanese Yen is the official currency of Japan. Most traded currency pair: USD/JPY Most active trading session: New York and Tokyo sessions 4. Great British Pound (GBP) The official currency of the United Kingdom and its territories, the GBP is known colloquially as the Pound Sterling. Most traded currency pair: GBP/USD Most active trading session: London and New York sessions 5. Australian Dollar (AUD) The Australian Dollar is the official currency of the Commonwealth of Australia. Most traded currency pair: AUD/USD Most active trading session: Sydney/Tokyo and New York sessions
Education
by Anbat
Boxes trading strategy example. $ABNB stock.Continuing my tutorials on boxes trading strategy. This time let's analyze NASDAQ:ABNB stock price movement. Taking all appropriate steps as described in my first lesson: 1. Identifying long-term trend channel. 2. Finding supply and demand zones. 3. Drawing a box inside which price is moving sideways. 4. Buying demand zone bounces. 5. Watching for breakouts. There are some curious details in this stock's price movements. We can see there was an attempt for a breakout from the box on the session opening of July 1st. However, there was not enough volume for the move higher, so the breakout failed. As expected, the stock reversed to go lower in the followind days. Even though this stock is in a falling trend channel, it's very news sensitive stock. For instance, if there are positive news regarding COVID mitigation, we could see a major breakout from the falling trend. ----------------------------------------------------------------------------------------------------------------- Airbnb has been on my radar for a long time now. Personally, I think it's a great long-term investment and I've been buying the stock on it's way down. I believe it will be a great post-COVID play. ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:ABNBEducation
by AyBe_Invest
My investment strategy. Example of my own $AMD position.I've been investing in NASDAQ:AMD since the last year. AMD is one of my biggest positions. For my long-term investgment portoflio I use fundamental analysis to evaluate stock buying opportunities. If I like the company I then use technical analysis to determine entries, exits and targets. Here is my technical setup on NASDAQ:AMD I use a combination of technical indicators. Here is my process: 1. Determine current long-term trend channel. 2. Find supply and demand zones to form a box inside which a stock is currently moving. 3. Watch for the box breakouts using volume as an indicator of move's worthyness. 4. Find new boxes after the breakouts using the same process. 5. Rince and repeat. This investment strategy is pretty flexible. You can day trade/swing trade inside the boxes. You can buy the breakouts when you identify them and sell in the next box. You can accumulate large positions at demand zones of multiple boxes for a long-term. Personally, for my long-term investments I add to positions after the bounce off of the demand zone and trim after breakouts when the move reverses to form a new box. --------------------------------------------------------------------------------------------------- Please let me know if you want to see a deeper dive into fundamentals in the future. --------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:AMDEducation
by AyBe_Invest
Smart Money (Volume & Open Interest)Trade With Smart Money (Key Is: Volume & Open Interest) Bullish- an increasing open interest in a rising market. Bearish- a declining open interest in a rising market. Bearish- an increasing open interest in a falling market. Bullish- a declining open interest in a falling market. Note: Can get historical data on Forex open interest from the COT report (commitment of trader report), on every Friday of week. Open interest is total number of futures contracts held by market participants at the end of the day. Open interest is one of the indicators of a pairs liquidity. Open Interest is used: 1) gauge Market Sentiment 2) Strength behind price trends. Open Interest: increases when traders open trades, decreases when traders close trades, a running total of all open position in a futures contract and indicates cash flowing in and out of the market. More cash come in, Less cash goes out. Volume: Increases every time a trade is opened or closed. Running total of all transactions for a futures contract.
Education
by Anbat
1
What Is a Failed Break?A failed break (false breakout) occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. Failed breaks may also signal traders to enter a trade in the opposite direction of the attempted breakout. Since the breakout attempt failed, the price could head the other direction. A throwback is when the price retraces back toward the resistance or support level just broken. A throwback is not a failed breakout. How to detect failed breaks? A failed breakout reveals that there was not enough buying interest to keep pushing the price above resistance or below support. If a security does not see strong volume and substantial price moves supporting the breakout direction, the chance of a false breakout increases. Take a look at the chart and see how the uptrend line is broken with unexpected low trading volume. If there is significantly increased volume on a breakout, the likelihood of a false breakout developing decreases (but is not eliminated). However, a throwback may still occur.
Education
by BobRivera990
61
Indicator introduction: Custom Volume - Periodic Peaks & TroughsThis script is a custom volume indicator with additional features. But why is this useful? The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs"(Hover your mouse cursor over the labels to see more details) These parameters are widely used in technical analysis . If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume . Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers. If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume . Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers. How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu.
BITSTAMP:BTCUSDEducation
by BobRivera990
51
How to use "Volume Records + Alert" IndicatorThis indicator is a "volume analysis" tool for confirming the direction and strength of price trend and spotting trend reversals. What Is Volume Analysis? Volume analysis involves examining relative or absolute changes in an asset's trading volume in order to make inferences about future price movements. A significant price increase along with a significant volume increase, for example, could be a credible sign of a continued bullish trend or a bullish reversal. The gradual darkening of the bars is a sign of the strength of the trend. Volume can be an indicator of market strength, as rising markets on increasing volume are typically viewed as strong and healthy. How to use alerts Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it. After that, changing the indicator settings on the chart will no longer affect the alert. Open the settings window and select the alert conditions as you wish Click the Create Alert button (or press the A key while holding down the ALT key) In the Condition section, select the name of the indicator. Make the rest of the settings as you wish. Finally, click on the Create button. It's finished. After a few moments, your alert will be added to the Alerts menu.
BITSTAMP:BTCUSDEducation
by BobRivera990
2
Significant Candles (Find Them)This is where and when big banks and institutions, during large significant candles. They give you a lot of valuable information- that will help you in your trading. Per chart: yellow lines are high psychological price actions where large candles either range, with large bodies or price reacts when it hits them. I personally do not day trade outside of the times of Tokyo end to London end (12 hours), which is highest daily liquidity and volume times of Forex- other times scalp for 12.5 to 25 pips related to low liquidity and volume. Also, Monday and Fridays have lower liquidity and volume then Tuesday thru Thursday, so might do more scalping or short trades. Significant Candles happen: During The Right Pair During The Right Session At The Right Price At The Right Time + Large Ranging candles, With Large bodies and Price reacts to candle once it reaches it.
Education
by Anbat
4
REASONS not to trade 1st hour of sessionIf you are either a scalper trader and/or a day trading, the 1st hour of new session is never a place to trade: Here are some reasons: 1) Low Liquidity 2) Low Volume 3) Very High spread widening ( can be 15 to 20 pips) from broker 4) Very Large hourly candlesticks (example: 88 pip large clearing doji candlestick) happens for broker to take both buyer and seller positions out. Note: 1st hour of session is during Sydney session, then afterwards Tokyo session starts. Increasing liquidity and volume starts end of Tokyo. Part of your plan should be: Pairs to trade When to trade What setups to trade Trading edge & Strategy Do not be greedy especially during the financial craziness going on in most countries around the world, just get a piece of PIP PIE in a trade if you are either a scalper or day trading. Use risk management and commonsense- this is no place to gamble with your money- use probabilities of success of setups.
Education
by Anbat
3
Smart Money- (Accumulation-Manipulation-Distribution)This is applicable to any time frames but example attached chart is daily. You could be able to do this on any charts and will keep you trading with big banks or smart money. Please practice this on charts- retail traders should never fight big banks but get on the trade ride with them. On charts you need to be able to see and block in the following areas look like: Accumulation (Buying) looks like in bull and bear conditions Manipulation (Trend) looks like in bull and bear conditions Distribution (Selling) looks like in bull and bear conditions. Trading Forex is half trading edge, plan, risk management and other 1/2 is knowing what smart money is doing and how to trade to exploit it and win.
Education
by Anbat
Indicators For A Volume Profile Based Trading StrategyVolume Profile has been popular among futures traders since the beginning of electronic trading and the introduction of TPO charts. I use several scripts from the TradingView Volume Profile Suite for a trading strategy I'll teach in a upcoming video. For now, here are the scripts and indicators applied to the charts I show in this, and past, recordings. Indicators on the 30m Chart: Volume Profile > Session Volume HD PriorDayOHLC (Available in the Public Library) 233 EMA (Built-ins) Indicators on the 5m Chart Volume Profile > Visible Range VWAP Stdev Bands v@ Mod (Available in the Public Library)
CBOT_MINI:YMU2021Education
by RodCasilli
54
General Rules in Volume AnalysisThe market is bullish if a new high occurs with heavy volume. A new high on light volume is deemed temporary. A new low price with high volume is a bearish indicator. A new low on light volume is less significant. A rally to a new price high on expanding volume but with less activity than the previous rally is questionable. It may point to a coming reversal in trend. A rally on contracting volume is questionable. It warns of a possible price reversal. If prices advance after a long decline and then go to a level at or above the previous trough, the indicator is bullish when volume on the secondary trough is less than the first. If the market has been increasing for a while, an anemic price increase coupled with high volume is a bearish sign. After a decline, substantial volume with minor price changes points to accumulation, typically a bullish indicator. Volume Price Interpretation Increasing Rising Bullish Decreasing Falling Bullish Increasing Falling Bearish Decreasing Rising Bearish
Education
by RNiedson
2
What is Head and Shoulders Pattern?Introducing series topics of trading systems we gonna do on Tradingview and hope readers can learn something from our educational content. Three main systems are the followings: 1)Pattern recognition 2)Trending following 3)Counter trend Start with pattern recognition, and we will mainly cover two main categories of price patterns: Major Reversal patterns and continuation patterns. Then introduce today’s educational content: H&S pattern , which is probably the most reliable and best known of all major reversal patterns. Most of the other reversal patterns are just variations of H&S. Volume Factor: H&S Pattern is relatively easy to recognize but many people ignore the importance of volume: The head should take place on lighter volume than the left shoulder which indicates a diminishing buying power. And volume should also expand on the breaking of the neckline to confirm the pattern. Price Target: :Also the price target is not guaranteed to be the height of pattern, height may only be a minimum target. Also when we take other factors into consideration such as pivot support area, we need to adjust our price target rather than brainlessly using the height of the pattern as price projection. Coming back to the topic Bitcoin chart as of today. Bitcoin is also forming the same pattern on a larger time frame. What do you think, will Bitcoin hold the neckline and rebounce above the right shoulder to form a new bullish trend or will Bitcoin break the neckline with volume confirmed to aim for the next pivot support (also the previous breakout level) around 20,000? Follow us for more education content on Technical Analysis. Next Topic Preview: The Inverse H&S pattern
BITSTAMP:BTCUSDEducation
by Coinlog
6
Indicator introduction: Auto Trendline & Breakout AlertNote: This indicator will be published soon In short, this indicator is a tool designed for different purposes: 1) Automatic drawing of trend lines 2) Classification of trend lines based on the reaction of price chart and trading volume 3) Receiving trend lines breakout alerts 4) Analyzing smaller time frames is time consuming and tedious, but this tool makes it easy. The following figure shows 5-m time frame chart, you can see the panel of the latest breakouts on it (You can enable the panel in the settings menu): How it works? Trend lines are classified into 6 levels, of which only 3 are enabled by default. Level 01 (Red Lines) is the strongest level. Therefore, the breakout of these lines is the most important signal of this indicator. Volume verification helps you avoid fake Breakouts. As you can see, both the labels and the table show the status of the trading volume when the lines breakout. Trading volume is classified into 5 levels: Over volume (confirmed ✅) High volume (confirmed ✅) Neutral Low volume (potential fake breakout ⚠) Minor volume (potential fake breakout ⚠) This indicator can be used on both logarithmic and linear charts. (Scale in the settings menu can be changed from linear to logarithmic) Finally, this indicator includes a trend line breakout alert and you can be notified wherever you are. you can add alerts to different charts and enter the market in the best conditions. If you like it, please leave a comment.
Education
by BobRivera990
8
What Is Price Action Trading?What is Price Action Trading? The “Price Action” method of trading refers to the practice of buying and selling securities based on the fluctuations, or “action,” of their prices; typically the data of these price changes is represented in easily-readable candlestick or bar charts, which are the bread and butter of the price action trader. Traditionally, price action traders rely on a “naked” chart – they reject the inclusion of indicators with the conviction that, since all supplemental indicators are necessarily lagging interpretations of the basic data available on the price chart, the action of price is itself the most reliable and accurate indicator. The patterns of price movements reveal in real time the balance between the supply for sale and the buying demand of any given security or currency pair. Any price change implies a shift in the relationship between buyers and sellers; an increase in supply will push price down, whereas an increase in buying demand will send price higher. The price action trader bases their trades on predictions of whether buying demand is greater than the supply of sellers – and therefore price is poised to head higher – or vice versa. In the Forex market, this means that a trader will endeavor to buy (or “go long on”) a currency pair when the base currency, the one quoted first, is likely to appreciate against the counter currency, the one listed second; conversely, they will sell (or “go short on”) a currency pair wherein they expect the counter currency to appreciate relative to the base currency. In order to make these predictions, price action traders interpret the confluence of many factors, particularly trends, candlestick patterns, and price levels known as “support and resistance.” The risk management practices are essential to profitable trading.
Education
by Anbat
The volume based approach that beats holding ETH with +940% Beating Ethereum's stellar +815% gains over a year is no easy feat. Add limiting drawdown to the task and it becomes even more complicated - especially vs USDT. However with longer term strategies like this it really becomes apparent how you should simply think about the best time to buy and sell, and try to express it though market metrics, rather than trying to plague your strategy with complexity. It's really startling this simple strategy returned 940% in one year on spot! WILL POST EVERY POSITION BELOW (including open/close time/SL level + how every position was closed) The strategy goals: - Beat holding Ethereum - so more than 815% profit - Simple to execute and stay disciplined on - Max drawdown of 30% - we don't want to be dipping as far as the market is The strategy: This strategy tries to strike a balance between catching solid dips and riding reversals based on volume. Volume precedes price. It does not have to be some extremely sophisticated trading system, especially when trading a trending asset as Ethereum. If market participants start buying rapidly, Ethereum will spike. If they start selling it will go down. The key is to use metrics that help you pin this, simple as that. So in our case on the 1 hour chart: 1. We will open a position when Crypto Total Volume is up by 4% in last day AND Price is below SMA(5) 2. We will close the position when Crypto Total Volume is down by 4% in last day AND Price is up by 3% in last 3 days We will set a stop loss at 20% of market price, no take profit. All the rules are followed 100% of the time. The result: This strategy accumulated +940% over a year on spot. So If you started with 10,000 USDT you'd be sitting on 94,000 USDT without touching leverage. It's also so simple to execute that you can set all these rules as alerts and just act when you need to or automate it. It's also great that although it's a lower time frame strategy it's still created only 63 positions. It wins 77.8% of them with a bit over 8%. When it loses it's at about 11% on average. Positions are usually opened and closed within 3 days. The drawdown amounts to about 25% over the year - a solid performance for crypto. It performed well even in the past 3 months bringing in +74.4%. The positions: 26/06/2021 00:00 28/06/2021 08:00 2 days OP 1,809 CP 2,049 SL 1,447.2 +13.3% 22/06/2021 13:00 24/06/2021 17:00 2 days OP 1,792.1 CP 2,011.4 SL 1,433.7 +12.2% 21/06/2021 00:00 22/06/2021 13:00 2 days OP 2,243.5 CP 1,794.8 SL 1,794.8 -20% Stop Loss 08/06/2021 00:00 16/06/2021 00:00 8 days OP 2,592 CP 2,543.6 SL 2,073.6 -1.87% 01/06/2021 02:00 07/06/2021 06:00 6 days OP 2,662.1 CP 2,786.1 SL 2,129.7 +4.66% 29/05/2021 00:00 31/05/2021 12:00 3 days OP 2,412.3 CP 2,551.8 SL 1,929.9 +5.78% 24/05/2021 05:00 26/05/2021 00:00 2 days OP 2,104.1 CP 2,705.1 SL 1,683.3 +28.6% 20/05/2021 00:00 23/05/2021 01:00 3 days OP 2,438.9 CP 2,362 SL 1,951.1 -3.15% 13/05/2021 00:00 19/05/2021 04:00 6 days OP 3,810.2 CP 3,048.1 SL 3,048.1 -20% Stop Loss 10/05/2021 10:00 12/05/2021 00:00 2 days OP 4,104.8 CP 4,173.5 SL 3,283.8 +1.67% 04/05/2021 01:00 08/05/2021 00:00 4 days OP 3,260.7 CP 3,479.8 SL 2,608.6 +6.72% 01/05/2021 09:00 02/05/2021 00:00 15 hours OP 2,830.1 CP 2,944.8 SL 2,264 +4.06% 29/04/2021 01:00 30/04/2021 00:00 23 hours OP 2,724.9 CP 2,757 SL 2,179.9 +1.18% 27/04/2021 04:00 28/04/2021 00:00 20 hours OP 2,493.2 CP 2,666.1 SL 1,994.5 +6.94% 23/04/2021 00:00 26/04/2021 04:00 3 days OP 2,397.9 CP 2,454.9 SL 1,918.4 +2.38% 17/04/2021 00:00 22/04/2021 00:00 5 days OP 2,422.4 CP 2,357.1 SL 1,937.9 -2.7% 13/04/2021 00:00 16/04/2021 00:00 3 days OP 2,137.9 CP 2,514 SL 1,710.3 +17.6% 11/04/2021 05:00 12/04/2021 00:00 19 hours OP 2,130.4 CP 2,151.4 SL 1,704.3 +0.987% 06/04/2021 00:00 10/04/2021 05:00 4 days OP 2,107.4 CP 2,191.2 SL 1,685.9 +3.97% 01/04/2021 04:00 05/04/2021 00:00 4 days OP 1,923 CP 2,075.7 SL 1,538.4 +7.94% 24/03/2021 00:00 28/03/2021 00:00 4 days OP 1,668.2 CP 1,712.5 SL 1,334.6 +2.66% 16/03/2021 01:00 20/03/2021 03:00 4 days OP 1,731.3 CP 1,828.4 S 1,385 +5.61% 08/03/2021 04:00 15/03/2021 01:00 7 days OP 1,723.7 CP 1,871.6 SL 1,379 +8.58% 04/03/2021 00:00 06/03/2021 22:00 3 days OP 1,567.7 CP 1,642.9 SL 1,254.1 +4.8% 23/02/2021 10:00 02/03/2021 00:00 7 days OP 1,500.5 CP 1,570 SL 1,200.4 +4.63% 16/02/2021 00:00 23/02/2021 10:00 7 days OP 1,779.3 CP 1,423.5 SL 1,423.5 -20% Stop Loss 08/02/2021 01:00 12/02/2021 00:00 4 days OP 1,596.5 CP 1,785.8 SL 1,277.2 +11.9% 05/02/2021 00:00 06/02/2021 00:00 1 day OP 1,595.5 CP 1,719 SL 1,276.4 +7.74% 28/01/2021 00:00 31/01/2021 00:00 3 days OP 1,238.9 CP 1,378 SL 991.14 +11.2% 21/01/2021 23:00 24/01/2021 09:00 2 days OP 1,135.6 CP 1,325 SL 908.46 +16.7% 20/01/2021 00:00 21/01/2021 23:00 2 days OP 1,365.4 CP 1,092.3 SL 1,092.3 -20% Stop Loss 16/01/2021 03:00 18/01/2021 15:00 3 days OP 1,163.5 CP 1,237 SL 930.82 +6.32% 11/01/2021 15:00 14/01/2021 07:00 3 days OP 1,038.5 CP 1,121.2 SL 830.82 +7.96% 11/01/2021 00:00 11/01/2021 15:00 15 hours OP 1,254.2 CP 1,003.4 SL 1,003.4 -20% Stop Loss 08/01/2021 00:00 10/01/2021 00:00 2 days OP 1,224.9 CP 1,276 SL 979.89 +4.18% 03/01/2021 04:00 05/01/2021 00:00 2 days OP 772.44 CP 1,041.4 SL 617.95 +34.8% 23/12/2020 02:00 31/12/2020 00:00 8 days OP 627.26 CP 752.17 SL 501.81 +19.9% 16/12/2020 00:00 19/12/2020 00:00 3 days OP 588.78 CP 653.76 SL 471.02 +11% 09/12/2020 00:00 13/12/2020 10:00 4 days OP 554.92 CP 583.47 SL 443.94 +5.14% 05/12/2020 00:00 08/12/2020 00:00 3 days OP 567.24 CP 591.27 SL 453.79 +4.24% 01/12/2020 01:00 03/12/2020 00:00 2 days OP 605.57 CP 596.88 SL 484.46 -1.44% 27/11/2020 03:00 29/11/2020 08:00 2 days OP 517.12 CP 541.33 SL 413.7 +4.68% 21/11/2020 03:00 26/11/2020 01:00 5 days OP 508.15 CP 575.39 SL 406.52 +13.2% 12/11/2020 00:00 20/11/2020 02:00 8 days OP 463.09 CP 479.4 SL 370.47 +3.52% 10/11/2020 00:00 11/11/2020 00:00 1 day OP 444.32 CP 450.34 SL 355.46 +1.35% 05/11/2020 01:00 09/11/2020 00:00 4 days OP 401.57 CP 454.29 SL 321.26 +13.1% 03/11/2020 00:00 04/11/2020 17:00 2 days OP 383.01 CP 401.2 SL 306.41 +4.75% 27/10/2020 03:00 01/11/2020 23:00 6 days OP 392.34 CP 395.3 SL 313.87 +0.754% 20/10/2020 01:00 23/10/2020 00:00 3 days OP 378.74 CP 413.94 SL 302.99 +9.29% 13/10/2020 00:00 14/10/2020 01:00 1 day OP 386.51 CP 384.53 SL 309.21 -0.512% 06/10/2020 01:00 12/10/2020 00:00 6 days OP 352.38 CP 374.17 SL 281.9 +6.18% 02/10/2020 01:00 05/10/2020 09:00 3 days OP 351.06 CP 350.22 SL 280.85 -0.239% 22/09/2020 00:00 26/09/2020 05:00 4 days OP 340.31 CP 351.98 SL 272.25 +3.43% 14/09/2020 01:00 19/09/2020 00:00 5 days OP 358.05 CP 384.4 SL 286.44 +7.36% 11/09/2020 02:00 12/09/2020 00:00 22 hours OP 365.53 CP 373.62 SL 292.42 +2.21% 18/08/2020 00:00 24/08/2020 22:00 7 days OP 430.89 CP 406.74 SL 344.71 -5.6% 14/08/2020 03:00 15/08/2020 00:00 21 hours OP 422.13 CP 438.12 SL 337.7 +3.79% 08/08/2020 04:00 13/08/2020 21:00 6 days OP 378.01 CP 409.8 SL 302.41 +8.41% 02/08/2020 05:00 04/08/2020 00:00 2 days OP 372.37 CP 385.91 SL 297.9 +3.64% 28/07/2020 00:00 29/07/2020 00:00 1 day OP 321.95 CP 316.77 SL 257.56 -1.61% 24/07/2020 01:00 27/07/2020 00:00 3 days OP 273.92 CP 311.02 SL 219.14 +13.5% 02/07/2020 00:00 23/07/2020 00:00 21 days OP 230.99 CP 263.75 SL 184.79 +14.2% 30/06/2020 01:00 01/07/2020 00:00 23 hours OP 227.62 CP 225.59 SL 182.1 -0.892%
Education
by CleoFinance
1
Volume Profiles on TradingViewIf you are new to @TradingView Or a new trader, there is a pretty useful feature called volume profiles - available with paid membership of Tradingview. This is a quick introduction to and not a full lesson on how to use, strategies or techniques (will post one if there is interest for that). TradingView's own definition of Volume profile Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume. Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader. Source - www.tradingview.com Types of volume profiles available First there is session volume As it says on the tin - session volume calculates the volume of transactions during the session, boxed off individually on a session by session basis. Inside the session volume;- Second type of volume profile is "Visible range" - again not much of an explanation needed, however - this one is a little more tricky as a lot of novice traders spend a lot of time flipping between charts, time frames and so on. So you need to be careful as it will compute, whatever you have in view on the chart. Here we can see the value area, just like the session - but for the visible range. I have also highlighted the region outside of the value zone - grey area in orange boxes. (for this example) and of course the point of control. By zooming out to another swing high you can see how this changed the profile. This is due to the fact we are now viewing on the chart a different range - A bigger swing with more info inside the calculation. The third type of volume profile on TradingView is the fixed range; In simple terms - this kind of works between the two; you can highlight what you want, but it is then anchored much like the session volume. In this example above, I have shown the fixed range to match a visible range - larger left and the profile larger on the right. As well as a smaller fixed range showing the original smaller range form the visible range image 1. Mix and match - or different use cases; There are several different ways to apply volume, the use case, the logic & the strategy will depend on what one or what combo works best for you. As I mentioned above, I will do a lesson on strategies for volume if requested. In this example below; I have shown a fixed range and a session profile. And finally - just to reiterate, there are several techniques when trading volume, at a glance here you will see a cluset of "PoC's" consolidating at a high before the price moves on down over several sessions. This is just one application. As always, I hope this helps some newer traders out there get into volume profile, It can be a powerful tool when you know how to use it. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
8
Interesting observation with the Volume Profile...DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko
5
The best models of the volume profile. Deals with confidenceWhat is the Volume Profile indicator? Volume Profile is an advanced charting study and indicator. It shows the traded volume amount of an asset over a specified period, at certain price levels. Volume Profile makes use of previous traded volume and all the strategies and plans are brought from historical data. Traders focus on the regions where a reversal could occur with volume profile. Some people believe that volume profile analysis provides traders with an “unfair” advantage as a result of market context and that institutions and banks use such strategies. What is Volume? Volume, also referred to as volume of trade, gives the total number of shares or stocks traded for a specific security. Volume indicates the amount of transactions that carried out. As a result, it can also measure the liquidity of security. A security is considered active or liquid when volumes are high. How does indicator work? The volume profile can come in any shape depending on the distribution of volumes. It draws by using horizontal lines to form a histogram. The more the volume trades at a given level, the bigger the profile becomes. The volume profile is usually located at the right side of the chart beside the price levels. It is represented with bars. The volume profile bars are created by getting total volume traded at a price, in a given time. The total buy is then divided, and volumes sold representing it on a histogram chart. Traders can understand and use the volume profile indicator as one of the important tools among all their technical analysis tools. Types of Volume Profile There are three different kinds of volume profile used in trading. There is not so much difference in the way they all operate. The differences that exist amongst them are the way they appear on the chart and the ease of access to volume profile on the precise time period you want to view. Volume Profile Visible Range (VPVR): Volume Profile Visible Range (VPVR) is the basic volume profile tool most trader use. It appears next to price levels on histogram. It displays the volume traded in the price level automatically from the candles displayed on the screen. When one go back and forth in the price action’s time period, the volume profile visible range will change. Volume Profile Fixed Rage (VPFR): This is almost the same volume profile with the VPVR, only with a little difference. When one wants to view the traded volume in a period of price action, like the uptrend or downtrend, you can determine the initial and final point and view the volume profile only for that time period. Volume Profile Session Volume (VPSV): This displays all the volume profile of the session that is appearing on the chart. Each session presenting on the chart has a volume profile grouped with it. Each session is considered daily and that goes for the change of time period of the chart. The various shapes of Volume Profile There are various shapes volume profile histogram can print out and many details and information can be generated from them. D – Shaped Profile: This corresponds with alphabet “D” and it is the most common shape. It informs us that there is a temporal balance in the market. P – Shaped Profile: This corresponds with alphabet “P” and it is an indication of uptrend. b – Shaped Profile: This corresponds with alphabet “b” and it is the inverse of P-shaped profile. B-shaped profile mostly appears in a downtrend or at the rear of an uptrend. Thin Profile: This corresponds with the alphabet “I”. Thin profile indicates a strong trend. There is little to no time for building-up trading positions in a fierce price movement. Just minute volume clusters are made in this type of profile. Terminologies associated with Volume Profile It is very important that one understands has some basic knowledge about the concepts related to volume profile. High Volume Node (HVN): This is a point in volume profile where is a really higher volume than average. The most crucial component of the volume profile is to be able to display the most traded prices for a particular time period. Low Volume Node (LVN): This is a point in volume profile where there is a really lower volume than average. LVN and HVN are inversely proportional to each other. Value Area (VA): This is where 70% of the volume can be found. The volume profile gets a bit complex in this area. This means that 70% of total volume used on the chart had occurred cumulatively at these price levels, hence, called Value Area. Point of Control (POC): This is the highest volume node that exists on the volume profile. Numerous volumes are transacted here. Traders make use of POC for as a vital retest point and for support. Clearance: This is an area in the volume profile that constitute of only LVNs, as there are no HVNs in this region. Developing Point of Control (Developing POC): This is a change in POC over time. As POC changes over time, you can notice the change by observing the Developing POC line to what it was in time past. Value Area High (VAH): This is the highest point in the value region section Value Area Low (VAL): This is the lowest point in the value region section Volume Profile rules Traders can identify the state at which the market is by using the volume profile. When you have been able to determine the state at which a market is, then these rules tells us what to search for in volume profile in those different market conditions. If the price is consolidating (ranging price): Here, the price would be jumping between HVNs and LVNs. Value area will be situated at the center of the volume profile. If the price is trending upward (uptrend): Price here will likely retrace to the value area high. Value area would be situated on beneath the volume profile. If the price is trending downward (downtrend): Price would most probably retrace to the value area low. Value area would exist above the volume profile. Conclusion Volume profile is a very vital valuable analysis tool which is used everywhere by traders. Volume profile has been continually relevant as a result of its versatility. It is a charting tool that has a wide usage capability. The volume Profile provides trader with accurate data. It is more of a reactive tool for discovering traditional and resistance areas and so traders are still developing indicators which would be more proactive and predictive in nature. With every other indicator, calculations are done with only two variable which are: Price and Time but with volume profile indicator, there are three variables available. These variables are: Price, Time, and Volume. Most standard trading indicators only show how the price is moving in the past. The main notable difference between those numerous indicators is how they visualize it. That made them less efficient and makes traders to keeping moving from one indicator to the other. But with volume profile, it directs you to regions which where and will be crucial for large trading institutions. To put it mildly, volume profile is capable of predicting what will happen in the future.
Education
by GentleGoldenEngine
32
ETH vs. BTC - Who's the likely winner?DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Education
by Simple_Renko