Custom Trading System logo
NinjaTrader indicators, automated trading systems
Custom development and premium support
Connect with us

Displays volume bars at each price level

Volume Profile

Advanced charting indicator that displays trading activity over a specified time period at specified price levels.

[this div will be converted to an iframe]
×
Volume Profile

Volume Profile $69.00

Advanced charting indicator that displays trading activity over a specified time period at specified price levels.

Your price: $69.00

Before buying our products you must accept our Terms & Conditions. All sales are final.

Share

Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. This indicator may become an indispensable tool for identifying basic support and resistance levels

Features summary

  • Bars or Area type.
  • Left or right justified.
  • 7 different ways of volume distribution for historical data.
  • Highlighted Point Of Control level.
  • Set Value Area % to remove insignificant levels.
  • Fully customizable Layout, colors, and fonts.
  • Easily configurable for dark schema.

How to use

Basic technical analysis has shown that a support level is a price level which will support a price on its way down and a resistance level is a price level which will resist price on its way up. Therefore, one can conclude that a price level near the bottom of the profile which heavily favors the buy side in terms of volume is a good indication of a support level. The opposite is also true. A price level near the top of the profile which heavily favors sell side volume is a good indication of a resistance level.

Terminology:

  • Point of Control (POC) – The price level for the time period with the highest traded volume.
  • Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
  • Value Area High (VAH) – The highest price level within the value area.
  • Value Area Low (VAL) – The lowest price level within the value area.

Requirements

  • This indicator requires NinjaTrader version 7

Installation

  1. Save the zip-file (no need to unzip) to the location of your choice

  2. Go to menu Control Center -> File -> Utilities -> Import NinjaScript...

  3. Select the saved zip-file in the opened dialog

  4. If everything is OK you will see a confirmation (otherwise an error will be displayed)

  5. Restart NinjaTrader and you are good to go!

Information
Customer care

Copyright © 2012-2017 Custom Trading System. All rights reserved.

Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.