Very useful and awesome videos. Thank you! I cannot understand how to consider Low Volume Nodes: e.g. If price is approaching a LVN from above will it support price (go long) or price will quickly fall through it (go short)?
Typically price moves rapidly through LVN's with either high momentum or a price tail. One may want to position themselves before price cuts through a string of LVN's.
Very happy to have found your channel .In your earlier video the VP was visualized as an overview bar setup. Now that has changed to different color shades. Can you explain why the change and what it represents? Thank you .
There are two different types of Volume Profiles. Fixed range and visible range. This video uses visible range for examples but for actual trading I always use fixed range (as you get to pick the endpoints).
The content materials are not that hard but the fact that u keep saying that it’s going to be complicated makes us think that it’s hard. More viewers would smoothly have understood if u haven’t said that. But u did explain it really well. Thanks.
My question is about POC. I set the visible range and for example on a 5min chart if zoom to see only today than the POC is not the same as if i would zoom out and see on the chart for the last 3-4 days.I like to day trade,is it enought than to watch the POC for the last 1-2 day on lower time frame or we need to check also on 4h-1d chart where is the POC placed?
That is the value area high. The value area is comprised of the price area that contains 68% (1 standard deviation) of traded volume within the VP's range. The upper and low bound of that area is plotted onto the chart, which appear as the blue lines in the video.
@@bitcointradingchallenge3861 So the blue line, what is that indicator called in tradingview? I don't see an indicator titled value area high....sorry if I sound totally ignorant, I kind of am....lol
I'm fairly new to the crypto space. Do you know if there is a way to view volume profile without paying for a trading view subscription? I like to trade breakouts/reversals but i tend to use the depth chart. I buy and have a sell order ready just underneath a large sell wall. Typically after the wall the price then goes down which you can then re-buy just before the sell wall breaks or at the lower buy wall.This looks much easier and would help identify larger increases in price rather than minute to minute trades like I've been doing.
You are absolutely right. There is absolutely nothing easy about trading! It takes an immense amount of time, emotional and physical effort, and repetitions. Trading is one of the most challenging professions, which also makes it so rewarding when you do succeed. THE best strategy out there helping people learn how to trade on their own and earn thousands daily. I day trade with *The Blended Model Strategy* by *Dmitry Vladislav* ! It won't be easy at the early stage But it's worth trying at the end.
Hey man great video, question how much bars do u keep on the screen while using VPVR on trading view. Every time I decrease the number of bars I get drastically different results. Not sure how I can make this an edge if I can simply look for the answer I want to hear by increasing the data set. Thx for the video again
how do you distinguish a HVN from a LVN? I intuitively thought that HVN is above the value area and LVN is below the value area.. but from the examples LVN can be above the value area as well. So my question is how to differentiate them?
Hi Its good to come across your channel as its been pretty helpful and you elaborate things in a great manner. I have a confusion in using volume profile How do you select that which area to select at end points? From last trend high/low or swing or time period. I mostly trade on 4h. How should i use time span to elaborate/end points for fixed range?
Fixed range should be placed at the beginning of a market stage according to your timeframe. That would mean placing the fixed range endpoints at the first level of support/resistance during consolidation with the second endpoint placed at the most present candle (if price is still consolidating). Within a trend, place your endpoints at the minima and the maxima of your timeframe.
Really interesting video. I try to just concentrate on volume and price action so Volume Profile is an interesting addition. I notice you are using the 5 minute time indicator and the levels of Volume profiler, HVN and LVNs change when I use larger time spans(1 and 4 hr). Is it safe to assume that as you enlarge the timeline the older points which make up HVNs become less relevant?
I would stick to one timeframe when using the Volume Profile. Also, I would recommend using the fixed instead of visible range so that you can select the data you want to incorporate.
Hi, I like to ask you what are the criteria to select the range using the fixed range VP?, how much time in the past do you take into account or do you select Higher highs or what?, if find that definition quite difficult to identify. Thank you for your videos
How to create this kind of vol profile ? When I use it it just shows green red bars and not this kind of histogram ? Can you share your tradingview template ?
Great video man. What time frames do you recommend for day trading and week/month trading? ie 5m or 4h or 1D charts? And how should you stretch or zoom in on these charts across the screen for most accurate VP readings?
I would recommend using the fixed range volume profile, so that the scale does not matter. Additionally, you can apply the VP to any timeframe that suits your strategy (I use the 5M).
Ok how do I do this ( fixed range )? Also if you zoom out to see entire history of BTC, it shows a very different VP, is this accurate if trying to do longer trades ie. weeks/months? Thanks man
Click fixed range under the volume profile section on Tradingview. Then select the endpoints that you would like your volume profile to cover, would recommend drawing your endpoints depending on the current market state (draw from beginning to end of a trend).
Found it eventually, thanks man! Got a lot of learning to do here.. For week/month trades would you recommend setting 4h timeframe and using Fixed Range? Cheers
yes, but you are still picking 2 points to get your fixed profile , where past orders are visible only if you include that time spam within your fixed range. am i wrong in saying that its accurate in hindsight
I have had success using the fixed volume profile. Simply draw it from the beginning of an uptrend to the end of an uptrend if price is moving upward. If price is consolidating, then draw the fixed volume profile from the beginning of consolidation to the end of consolidation. Yes, everything works in 20/20 hindsight but the VP gives great information about where large/small amounts of volume are located within a price chart.
Hi, where do i get the VPVR you got there in tradingview? i cant find it in my tradingview search feature, is it because i am using it for free? thanks
I tend to use fixed range instead of visible range - as you get to select the endpoints and there are fewer errors. I use ticks per row and a value of 10.
In Volume Profile settings, go to the inputs tab. Then select rows layout: ticks per row. Then you can change row size to 10 if you would like. Also, to use the Volume Profile, you need to get Tradingview Pro: www.tradingview.com/chart/?t=102c49d87e7bdee52c88836b2491e3
I been going through most of your videos which strategies or strategy would you say is best for day trading with $1000 being a new trader and what time charts should i stay in cause im kinda all over the place with times and strategies lol...
My VPVR is this : Inputs: Ticks per row Row size 10 Volume Up down Value area volume - 68 Style: Width of 25% Devoloping POC Devoloping VA Black Green Red Purple
You need PRO in order to access the indicators on TV. You could alternatively use tensorcharts.com if you would like an almost-as-good version of the VP.
Thanks for advice. Ive tried to use volume on TV, but I cannot setup timeframe, cause if I zoom out little bit, the profile completely change. How do you suggest to work with timeframe and Volume profile setup? thank you very much.
I use ticks per row, row size of 100. Simply plot the fixed range in the same manner as you would for long term Fibonacci drawings when price is in a trend. If price is in consolidation, plot the fixed range volume profile from the beginning of consolidation (either the first support or resistance level).
Yes - but with stocks do remember that fundamentals (news, earnings) carry far more weight. So when using this type of technical analysis, you could try to look for stocks that have not had major news reports and do not trade around earnings.
Volume Profile requires Pro Tradingview for that type of access. If you do have Pro, hit indicators and then hit the volume profile button and select fixed range.
Bitcoin Trading Challenge Ah, thank you for that. I’ve been meaning to set up my pro account but trading keeps me to busy to do so. Will do. By the way, you should know, I like the way you set up your instructional content. Very systematically. Good on you.
I've got it now and have been playing around with it for a bit, but its bot very clear to me or wether I'm setting it up properly. Perhaps another video idea.
Hit indicators, then if you look on the left tab section of indicators: you will see a tab that says Volume Profile. An upgraded Tradingview plan is required to access that type of data however.
This is not a criticism I am trying to understand. In your first volume video you said we aim to buy at an LVN and target a HVN but in this you say when we hit the LVN the price will most like shoot down. Am I wrong in seeing this contradiction?
No actually a great question. The answer is that it depends on the market state. In the first video I had said that during consolidation we aim to bounce from LVN's to HVN's and so forth. However, when price breakouts of consolidation it typically will tear through weak LVN's. Hope that makes more sense.
Another question: in the Clearance example 2, the price went from an HVN to a LVN during consolidation. Why don't you recommend to buy again at the LVN (was one of your tactics in the previous videos). Thanks in advance
👍Thanks. Of the many I've watched, you are the only UA-cam presenter who has explained VP in a way that I can understand and use.👍
As a futures trader same theory applies and you clearly explained everything very well. Great video!
these VBP vids are concise and GOLD! thank you.
Great explanation that most videos on market profile couldn’t even explain great stuff keep it up
finally a good explanation on VP.... Subscribed
Great video man! This is a great indicator, I didn't knew of its existence till now...
Brilliant. You have a very good way of teaching things.
Thanks!
Awesome video. Love the new channel logo. Your production value is improving so much!
Thank you!
Very good , you are a great teacher , thankyou for sharing
I have noticed if price breaks out of HVN towards another HVN and travels thru LVN ... sometimes lowest vol. node can act as resistance
you are doing excellent job youngman, keep it up.
This looks strikingly like Ichimoku cloud. Interesting. Thank you
You could put ichimoku them together to give you trend and also market context with market profile
Glaring weakness is the interpretation of trend recognition. Otherwise, a very strong tool when trading with price action
Will u please Tell me which indicator u used for this plzz 🙏
Great stuff man. Really clear and concise explanation!
btw..do you have suggestions for settings with the profile?
Very useful and awesome videos. Thank you! I cannot understand how to consider Low Volume Nodes: e.g. If price is approaching a LVN from above will it support price (go long) or price will quickly fall through it (go short)?
Typically price moves rapidly through LVN's with either high momentum or a price tail. One may want to position themselves before price cuts through a string of LVN's.
Master! Crypto's finest. many thanks keep on going i follow you where ever you go. btw not a stalker ;-)
SUperbly explained. Thank you for your time. much appreciated.
Very happy to have found your channel .In your earlier video the VP was visualized as an overview bar setup. Now that has changed to different color shades. Can you explain why the change and what it represents? Thank you .
There are two different types of Volume Profiles. Fixed range and visible range. This video uses visible range for examples but for actual trading I always use fixed range (as you get to pick the endpoints).
The content materials are not that hard but the fact that u keep saying that it’s going to be complicated makes us think that it’s hard. More viewers would smoothly have understood if u haven’t said that. But u did explain it really well. Thanks.
My question is about POC. I set the visible range and for example on a 5min chart if zoom to see only today than the POC is not the same as if i would zoom out and see on the chart for the last 3-4 days.I like to day trade,is it enought than to watch the POC for the last 1-2 day on lower time frame or we need to check also on 4h-1d chart where is the POC placed?
Thanks again - Its great to learn from you
Another great video! Thx!
well explained ! great job !! thanks
what is the "value area high moving average" called? Referring to time 2:28 in your video. thank you.
That is the value area high. The value area is comprised of the price area that contains 68% (1 standard deviation) of traded volume within the VP's range. The upper and low bound of that area is plotted onto the chart, which appear as the blue lines in the video.
@@bitcointradingchallenge3861 So the blue line, what is that indicator called in tradingview? I don't see an indicator titled value area high....sorry if I sound totally ignorant, I kind of am....lol
Thanks for your content. Is there a reason you prefer short term trading as opposed to holding for a little longer term?
The columnar section wharf are the pink color and green color mean? and samethingswith purple and green color
well done, great video
What is the name of the indicator youre using for volume profile? The default on tradingview looks quite different.
Thanks from Colombia
I'm fairly new to the crypto space. Do you know if there is a way to view volume profile without paying for a trading view subscription? I like to trade breakouts/reversals but i tend to use the depth chart. I buy and have a sell order ready just underneath a large sell wall. Typically after the wall the price then goes down which you can then re-buy just before the sell wall breaks or at the lower buy wall.This looks much easier and would help identify larger increases in price rather than minute to minute trades like I've been doing.
Yes - check out Bitscreener.com. They offer a free volume profile on their site for all coins.
Thank you so much! :D Love the channel
You are absolutely right. There is absolutely nothing easy about trading! It takes an immense amount of time, emotional and physical effort, and repetitions. Trading is one of the most challenging professions, which also makes it so rewarding when you do succeed. THE best strategy out there helping people learn how to trade on their own and earn thousands daily. I day trade with *The Blended Model Strategy* by *Dmitry Vladislav* ! It won't be easy at the early stage But it's worth trying at the end.
Hey man great video, question how much bars do u keep on the screen while using VPVR on trading view. Every time I decrease the number of bars I get drastically different results. Not sure how I can make this an edge if I can simply look for the answer I want to hear by increasing the data set. Thx for the video again
how do you distinguish a HVN from a LVN? I intuitively thought that HVN is above the value area and LVN is below the value area.. but from the examples LVN can be above the value area as well. So my question is how to differentiate them?
great video as always
Which site you used
Hi
Its good to come across your channel as its been pretty helpful and you elaborate things in a great manner. I have a confusion in using volume profile
How do you select that which area to select at end points? From last trend high/low or swing or time period. I mostly trade on 4h.
How should i use time span to elaborate/end points for fixed range?
Fixed range should be placed at the beginning of a market stage according to your timeframe. That would mean placing the fixed range endpoints at the first level of support/resistance during consolidation with the second endpoint placed at the most present candle (if price is still consolidating). Within a trend, place your endpoints at the minima and the maxima of your timeframe.
Got it
Really interesting video. I try to just concentrate on volume and price action so Volume Profile is an interesting addition. I notice you are using the 5 minute time indicator and the levels of Volume profiler, HVN and LVNs change when I use larger time spans(1 and 4 hr). Is it safe to assume that as you enlarge the timeline the older points which make up HVNs become less relevant?
I would stick to one timeframe when using the Volume Profile. Also, I would recommend using the fixed instead of visible range so that you can select the data you want to incorporate.
Hi, I like to ask you what are the criteria to select the range using the fixed range VP?, how much time in the past do you take into account or do you select Higher highs or what?, if find that definition quite difficult to identify. Thank you for your videos
How to create this kind of vol profile ? When I use it it just shows green red bars and not this kind of histogram ? Can you share your tradingview template ?
great vid pal,by the way which camera do you use to record your videos?thanks
Should we need any other indicator in combination with this ? Or its just support resistance self made drawings ?
Fibonaccis are a good compliment to the VP
Great video man. What time frames do you recommend for day trading and week/month trading? ie 5m or 4h or 1D charts? And how should you stretch or zoom in on these charts across the screen for most accurate VP readings?
I would recommend using the fixed range volume profile, so that the scale does not matter. Additionally, you can apply the VP to any timeframe that suits your strategy (I use the 5M).
Ok how do I do this ( fixed range )? Also if you zoom out to see entire history of BTC, it shows a very different VP, is this accurate if trying to do longer trades ie. weeks/months? Thanks man
Click fixed range under the volume profile section on Tradingview. Then select the endpoints that you would like your volume profile to cover, would recommend drawing your endpoints depending on the current market state (draw from beginning to end of a trend).
That is because to access Volume Profile (located under indicators tab), one has to upgrade their account. tinyurl.com/ydb5spb6
Found it eventually, thanks man! Got a lot of learning to do here.. For week/month trades would you recommend setting 4h timeframe and using Fixed Range? Cheers
I use to use this... price all was react low volume area
those poc and va. are adjustable so its subjective entry
Not if you used fixed volume profile - only if you use visible range volume profile.
yes, but you are still picking 2 points to get your fixed profile , where past orders are visible only if you include that time spam within your fixed range.
am i wrong in saying that its accurate in hindsight
I have had success using the fixed volume profile. Simply draw it from the beginning of an uptrend to the end of an uptrend if price is moving upward. If price is consolidating, then draw the fixed volume profile from the beginning of consolidation to the end of consolidation. Yes, everything works in 20/20 hindsight but the VP gives great information about where large/small amounts of volume are located within a price chart.
thank you
would it be more accurate if you draw the fixed range further back to capture more orders, immediate trends are more relevant? thank you
Thank you very much 🙏 for ur content
Hi, where do i get the VPVR you got there in tradingview? i cant find it in my tradingview search feature, is it because i am using it for free? thanks
You have to get a PRO account to get the VP.
Could you post your VPVR input settings? keep getting a histogram too large message
I tend to use fixed range instead of visible range - as you get to select the endpoints and there are fewer errors. I use ticks per row and a value of 10.
thanks!
Great video!! How do you change the columns to histogram for the volume data ? On trading view i can not find where to change the data columns
In Volume Profile settings, go to the inputs tab. Then select rows layout: ticks per row. Then you can change row size to 10 if you would like. Also, to use the Volume Profile, you need to get Tradingview Pro: www.tradingview.com/chart/?t=102c49d87e7bdee52c88836b2491e3
Bitcoin Trading Challenge
Thanks! Yes i have the premium already.
thanks for sharing this! If one has to do a deep dive in Volume Profile strategies, is there a book (bible) one can refer to? TIA
I been going through most of your videos which strategies or strategy would you say is best for day trading with $1000 being a new trader and what time charts should i stay in cause im kinda all over the place with times and strategies lol...
ua-cam.com/video/XLz0xUkD2LE/v-deo.html
Are you providing paid teaching services ? I need it actually, you are legend for sure
Check out the mentoring section of my website.
Hey great content as usual, really appreciate your insights. What settings do you have you VPVR and PRS at? Thanks :)
My VPVR is this :
Inputs:
Ticks per row
Row size 10
Volume Up down
Value area volume - 68
Style:
Width of 25%
Devoloping POC
Devoloping VA
Black
Green
Red
Purple
Hi man, thanks for the vid. Do I need to purchase premium version of TV to use these volume indicators? Thanks.
You need PRO in order to access the indicators on TV. You could alternatively use tensorcharts.com if you would like an almost-as-good version of the VP.
Thanks for advice. Ive tried to use volume on TV, but I cannot setup timeframe, cause if I zoom out little bit, the profile completely change. How do you suggest to work with timeframe and Volume profile setup? thank you very much.
Try using Fixed Range Volume Profile instead.
OK so what range to use for 1H chart for example-, Thanks
I use ticks per row, row size of 100. Simply plot the fixed range in the same manner as you would for long term Fibonacci drawings when price is in a trend. If price is in consolidation, plot the fixed range volume profile from the beginning of consolidation (either the first support or resistance level).
how to select time slot?
How does this apply to assets like GOLD or OIL or forex currencies?
Oh The Future it applies the same. I’ve been using it with futures for a year now.
Amazing
i am fucking love you man.
Does this work on stocks too? And what you use for charting?
Yes - but with stocks do remember that fundamentals (news, earnings) carry far more weight. So when using this type of technical analysis, you could try to look for stocks that have not had major news reports and do not trade around earnings.
Where are these indicators in TV ??????
They require a pro subscription for tradingview
@@bitcointradingchallenge3861 Yes I have that. I found it eventually underneath the search field instead of typing it in the search field
What time frames do you trade?
I use the 5M and the 1H with occasional use of the 4H and 1D in order to do an overall market analysis.
What software do you use?
Tradingview: Volume Profile, BFXLS, Volume.
Bitcoin Trading Challenge Thanks
LVN combined with pure volume is the only tool required for retail traders like us..
thanks
Awesome!
i really dont understand what is volume profile?
So I'm still looking for the answer to this question as noone ever answers it. How do you decide how far back to show on your chart?
Qwyn depends on your strategy and asset class. But generally as far back as necessary. This is not a big deal
unable to find the volume profile indicator on trading view?
Volume Profile requires Pro Tradingview for that type of access. If you do have Pro, hit indicators and then hit the volume profile button and select fixed range.
Bitcoin Trading Challenge Ah, thank you for that. I’ve been meaning to set up my pro account but trading keeps me to busy to do so. Will do. By the way, you should know, I like the way you set up your instructional content. Very systematically. Good on you.
I've got it now and have been playing around with it for a bit, but its bot very clear to me or wether I'm setting it up properly. Perhaps another video idea.
do u have a trading signals group
Check out my Discord: discord.gg/MSrNkbg
I can't find the volume profile indicator, weird
Hit indicators, then if you look on the left tab section of indicators: you will see a tab that says Volume Profile. An upgraded Tradingview plan is required to access that type of data however.
ah then that's why. i'm on free mode haha
This is not a criticism I am trying to understand. In your first volume video you said we aim to buy at an LVN and target a HVN but in this you say when we hit the LVN the price will most like shoot down. Am I wrong in seeing this contradiction?
No actually a great question. The answer is that it depends on the market state. In the first video I had said that during consolidation we aim to bounce from LVN's to HVN's and so forth. However, when price breakouts of consolidation it typically will tear through weak LVN's. Hope that makes more sense.
Got it. Thanks alot :)
Another question: in the Clearance example 2, the price went from an HVN to a LVN during consolidation. Why don't you recommend to buy again at the LVN (was one of your tactics in the previous videos). Thanks in advance
awsome
God really you are God Of Crypto. 🙌🏻🙌🏻🙌🏻🙌🏻
It is only tick volume
Grate!