This is known as volume profile or market profile. Market Profile is a way to simplify the market price action and determine the area which traders found to be fair value. When I take a setup that enters one of the LVN zones from my daily or weekly chart I will loosen my trade management a bit knowing the trade could run. Its simple. Intro to Auction Market Theory and Market Profile | Topstep Its been my experience that there are a lot of subtleties to MP (and trading in general). Swing Trading the Market Profile Trading Indicator Trade large and aggressively when trading well; trade small and modestly when trading poorly. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); RISK DISCLOSURE If they would just enter anytime, they could be easily front-runned, and they would experience large slippage. This obviously doesnt mean every setup you take at a HVN will be profitable. When we open above value and volume is weak, thats a sign we will likely fall back down into value. Marketprofile Indicateurs et Signaux TradingView But this initiative action often attracts stronger buyers/sellers that return price back to the value. Same as with other trading concepts, Points of control are best when they are fresh and untested. What is the Market Profile? - Jim Dalton Trading Another word for excess is buying/selling tail. It's safe to assume that the person sitting on the other side of a trade is taking full advantage of all the available . Conversely, Low Volume Nodes are areas with low gravity. As you can see during these 8 days highlighted inside the rectangle, the Value area hasnt shifted higher or lower from the first day of the range. All of these are important insights to be aware of and/or inform trading. Use neutral profiles to trade ranges or as an indicator to stay out of the market until a new trend forms. If you are trading cryptocurrency, you should use either Sierra Chart or Exochart. (similar to LVNs discussed above). As you can see in the picture above, in the M period market broke below a previous day value area low, once we traded below the previous day low, we found responsive buyers stepping in. In the above example Ive highlighted the current bars value area in green since were trading inside of it and the prior bars value in red (resistance) since were trading below it. Steidlmayer on Markets: Trading with Market Profile, 2nd Edition This picture gives us a unique way of looking at market generated information compared to candlesticks charts commonly used amongst traders.
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