Anchored Volume Profile A Different Way To Use Volume Profile To See Important Levels In The Market
Volume profile is an increasingly important tool among experienced traders. It gives a visual representation of where the volume clusters in different parts of the market, providing users with valuable and concise insights that can be used to inform their trading decisions. On top of this, it permits a greater understanding of how the market is likely to move in response to changing conditions, allowing traders to react quickly and confidently with targeted strategies. Volume profile is becoming an invaluable part of any trading toolkit and should not be overlooked.
Using an observed starting point, such as the point at which a number came out, anchored volume profile plots the total amount of trading volume that took place over time – helping traders identify potentially important levels.