Download Drag & Drop Volume Profile Indicator

New "Volume Profile" Indicator Automatically Identifies High-Probability Market Turning Points For You and Instantly Shows You Low-Risk Trade Entries and Exits...



Before I tell you all the details about our new Drag & Drop Volume Profile indicator, let's go back to the very beginning:

Jesse Livermore, Charles Dow, Richard Wyckoff.
3 of the most iconic traders of the past. And they have 1 thing in common:
They all rely on volume as a basic tenet of their trading.
Following these giants' footsteps, it's time for retail FX traders to learn how to use volume in their trading too.
But maybe you're wondering...

Is It Relevant To The FX Market?

Maybe you've heard that there's no real volume in forex. Instead, we only have tick volume, which measures trading activity of market participants during a given time period.

But here's the kicker:
Recent research shows that there's a high correlation (as high as 97.9%) between tick volume and real volume...

In fact, here's a research paper that shows tick volume is a good proxy for actual traded volume in FX.

Now, if you look at the raw data that your brokers provide, what would you see?

It'd be something like this:



What exactly is Volume Profile?

Volume Profile is a visual representation of how much volume occurs at each individual price over a certain period of time.

Here's an example:



The colored box represents the range of bars over which this market profile is calculated and drawn. The market profile itself consists of a series of horizontal bars. And each bar represents how much volume occurs at each price level over this time period.

By the way, here's the link to a Wikipedia article on Market Profile, a similar concept to Volume Profile. Read it if you'd like to dig deeper into this stuff.

You may notice that there are always some prices at which a lot of trading occurs. That means high volume. And we call these price levels: High Volume Nodes (HVN).

On the other hand, there are always some prices where very little trading occurs. That means low volume. And we call these price levels: Low Volume Nodes (LVN).

There's also a special price level where the most trading occurs. We call this level: Volume Point Of Control (VPOC)