WHAT IS THE VOLUME PROFILE INDICATOR AND WHAT CAN IT DO?
The Volume Profile indicator is an advanced charting that shows trading activity over a indicated time period at indicated cost levels. The indicator plots histogram on the chart which reveals dominant or significant price levels based on volume. The Volume Profile indicator is a must-have indicator for everyone trading with NinjaTrader - no matter whether one is a pro or a novice. The Volume Profile indicator is a complex charting analysis that shows trade activity over a specific time period at a specified price level.
VOLUME PROFILE INDICATOR FOR NINJATRADER 8
Download the Volume Profile Indicator by Devside Trading for NinjaTrader 8 today!
✅ Plot the Histogram on the chart based volume
✅ Draws significant lines:
Point of Control (POC) – The price level for the time period with the highest traded volume.
Profile High – The highest reached price level during the specified time period.
Profile Low – The lowest reached price level during the specified time period.
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
✅ Adds plot to candlestick charts
✅ For futures, forex & equities trading
✅ Fitting experienced & new traders
✅ Fully compatible with NinjaTrader 8
USE THE VOLUME PROFILE INDICATOR IN YOUR STRATEGY NOW FOR YOUR BENEFITS AND ANALYZE THE LATEST PRIZE TRENDS!
The research draws a histogram on the chart in an effort to highlight dominant and/or important price levels based on volume (taking into account user-defined criteria like the number of rows and time period). Volume Profile indicator essentially splits the entire volume transacted at a certain price level during the designated time period into buy volume and sell volume, and then makes that information readily available to the trader. Most traders will utilize the volume profile to first determine the fundamental levels of support and resistance.
Most traders will utilize the volume profile indicator to first determine the fundamental levels of support and resistance. The identification of support and resistance levels using the
is a reactive approach, it is crucial to mention. This indicates that reactive methods rely on previous price movements and volume behavior, in contrast to proactive methods (such as trend lines and moving averages), which are based on current price action and analysis to anticipate future price movements. Applying relevance or meaning to price levels that the market has already reached can be done with the use of reactive approaches.
Other useful volume indicators for NinjaTrader and more!
With the Volume Profile Indicator download you are using one of the most reliable technical analysis tool, but be sure to check out our other volume indicators for NinjaTrader:
The Volume Delta indicator displays the difference between the pressure on purchases and sales. The Volume Delta indicator displays the pressure in its own panel as a colored bar. By depicting buying and selling pressure, the Volume Delta Indicator speeds up the process. When the buying/selling pressure level is achieved, our version adds markers and notifications to let you know. The buying/selling pressure threshold can be customized to your preferences.
The VWAP indicator computes the average price for the trading session while accounting for the session's traded volumes. The influence on the VWAP estimates increases with the size of the traded volume. The VWAP indicator aids in determining the market session's trend. The market is in an uptrend when the price is above the VWAP line, and in a downtrend when the price is below the VWAP line.
DEVSIDE TRADING: DOWNLOAD THE VOLUME PROFILE INDICATOR FOR NINJATRADER AND MORE!
Add it to your shopping cart to receive all of the benefits of the Volume Profile Superior Indicator, such as trend changes and notifications. After choosing one of our many secure payment options and finishing the checkout procedure.
You will then receive a confirmation email with an activation code, allowing you to securely download the Volume Profile Indicator. Interested?
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