11/10/2023 0 Comments Volume profile setup thinkorswim![]() ![]() Instead, it shows the price at which volume occurred. The Volume Profile doesn’t show when volume occurred. It’s based on price and is designed to help traders to see the price levels where demand was highest and lowest. So, if you’re interested in some volume amplification, consider using the Volume Profile indicator. But volume alone doesn’t indicate the specific price or prices at which traders were most interested. On a specific day, a stock might experience high volume, which may imply there’s interest in that stock. It may also indicate institutional buying. For example, increasing volume on a breakout above resistance or below support may indicate a trend continuation or reversal. Volume, at its most basic level, may be able to provide valuable information. ![]() Understand the significance of where most trades took place, or the point of control (POC)Īre you tired of trying to guess where potential support and resistance levels are located on a chart? Wouldn’t it be great if you could get a deeper view of the supply and demand dynamics at work beneath those price bars? At the most basic level, it has to do with volume and price.Learn how to identify potential support and resistance levels with the value area of the Volume Profile chart.Know how to use Volume Profile charts to analyze supply and demand dynamics. ![]()
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