Getting the most from Volume Profile with Jigsaw daytradr
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In contrast to conventional volume indicators plotted against the time axis, the volume profile indicator provides a distinctive viewpoint by plotting volume data along the price axis. This approach enables traders to pinpoint areas of heightened or diminished trading activity, thereby helping to recognize potential support and resistance levels.
In this video, we'll explore the functionality of the volume profile indicator. We'll delve into its versatility and customizable features, illustrating how traders can adapt the indicator to align with their trading methodologies and preferences. This includes adjusting parameters such as profile type, session settings, and visualization options to better suit their needs. Join us as we uncover the diverse capabilities of the volume profile indicator and learn how it can be leveraged to enhance trading analysis and decision-making processes.
0:46 Start by opening a chart and add the volume profile indicator
1:13 Select the Composite profile type and go through all the different ways you can view it
1:53 Enable the Info Box to view the total volume traded per price
3:50 Select the Session's profile type
3:59 Remove the overnight session and its volume profile from the chart
4:36 Point of Control, Value Area, and high and low volume nodes
5:43 Select the Selectable profile type and create your own volume profiles
6:47 Walkthrough the settings
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