volume profile Archives • Futures Day Trading Strategies

Posts Tagged Under: volume profile

Deciphering Order Flow – Understanding The Mechanism That Moves Price

 

To understand the mechanism that moves the price up or down we have to learn the interplay between the Depth of Market on one side and Market Orders on the other hand. This interplay is the Order Flow. We used SierraChart Trading Platform for the illustration.

The Current Price is the last price in which a trade took place. This last trade could have taken place either at the Best Bid Price or at the Best Ask Price. Those two terms will make sense in a minute once we understand what the Depth of Market is.

The Depth of Market is the total Size of limit buy or sell orders that are placed at each price. It is often called Liquidity, Limit Orders, Passive Orders or The Book. Take a look at figure #1.

Order Flow Figure #1:  The Emini-S&P500 DOM ( Sierra Chart charting and trading platform.)

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How to Display Volume Profile on TradingView

 

This video shows you how to display a volume profile directly on your chart as well as customizing it for a specific time range. We show how you can get rid of unwanted charting lines and how to fully remove this indicator should you no longer want it displayed.

Volume Profile on TradingView

To experience Volume Profile trading on TradingView, please visit our page: https://optimusfutures.com/TradingView.php 

Q and A for TradingView: https://community.optimusfutures.com/c/futures-trading-platforms/tradingview

There is a substantial risk of loss in futures trading. Past Performance is not indicative of future results.

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Using Volume Profile Within Sierra Chart

 

Traders can use Volume Profile charts to look at volume levels for each price. This allows you to not only see your price bars and levels, but also to visualize the volume levels at each price in combination with your regular analysis. View the following video to see how to get started with Volume Profile in Sierra Chart:

Try the SierraChart Trading Software

TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THE USE OF STOP LOSS OR CONTINGENT ORDERS MAY NOT PROTECT PROFITS OR LIMIT LOSSES TO THE AMOUNT INTENTED. CERTAIN MARKET CONDITIONS MAY MAKE IT DIFFICULT OR IMPOSSIBLE TO EXECUTE SUCH ORDERS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET-BASED EXECUTION, BUT NOT LIMITED TO, THE FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION. SINCE TRADERS PLATFORM DOES NOT CONTROL

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