On the other hand, the only other option right now is volume blocks - one volume profile histogram per trading day. That may be a deal-breaker, depending on your habits and style of trading. When checking volumes back in time, you will only get the histogram of the full timespan between now and last Monday. So, unless you make notes into your chart, you will never be able to see the exact volume profile as it appeared let’s say last Monday. It is easy to read but accumulates back in time. That is the so-called volume profile fixed range. Most often, TradingView volume profile scripts will give you a single histogram for a selected time range. It is worth noting that all of them are estimates - they do not work with the exact live volume data on the market and so they will not be 100% accurate. TradingView has several free alternatives in the public library. There are other ways to do volume profiles too, such as showing a histogram for each trading day. Volume profile is a histogram that shows volume traded by price level.Ī popular indicator is VPVR, or volume profile visible range, which re-paints your volume histogram as you move through the chart back in time. It’s also expensive: It needs large amount of market data and that’s not usually what charting apps want to give away for free. Volume profile trading is one of the popular, but tricky trading styles. This article uses free pine scripts from TradingView - sign up now and maybe go PRO on Black Friday?
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