HomeФильмы и анимацияRelated VideosMore From: Bitcoin Trading Challenge

Trading with the Volume Profile (Beginner)

462 ratings | 18621 views
This video showcases a beginner's guide to using the Volume Profile. The Volume Profile is a fantastic tool to analyze price spots of high and low volume where you could potentially put your entry/exit orders. Timeframes: Volume Profile Visual: 1:00 VP Term Definitions: 2:11 VP Strategy Rules: 4:21 Examples: 5:18 10% discount on the machine learning bot = https://app.aitrader.ai/referral/nqfew Get Tradingview Pro for next-level charting: https://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=8388 Suggest a video on Patreon: https://www.patreon.com/BitcoinTradingChallenge The Platform I use to Trade - https://gdax.com/ The Website I use for Analysis - https://www.tradingview.com/chart/ My Discord Chat: https://discord.gg/MSrNkbg _________________________________________________________________________________________________ Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
Html code for embedding videos on your blog
Text Comments (81)
Sasikala M (19 hours ago)
Thanks for your explanation, found it just the right to start understanding Volume Profile.
such graphs. so data. (7 days ago)
I got two questions. First, how big is your row size? Second, how to interpret it, if the value area is way higher than the current price (as seen in the current ripple/usdt 4 hr chart: 11. may until 10. august). I know, there was a big sell-off and it felt all through the LVN's below the value area. According to your rules, price is likely to retrace to a value area low. But that seems unusual to me (new HVN's occured between the current price and the value area), does that mean, a new value area is forming at the current levels by consolidation?
themossinator (10 days ago)
Probably an obvious question but do larger timeframes take precedence over smaller tfs when analysing with vrpr? thanks
hpgurgel (15 days ago)
Hi, what parameters do you use for your VPVR on Trading View to be able to have it display like that? Mine shows a lot fewer bars( whatever the standard is) so it doesn't seem to cover as much of the chart as yours. Thanks in advance. Cheers.
moh messadoudi (27 days ago)
it's very helpful, thank you so much
johar Mohammad (28 days ago)
Downtrend, uptrend is decided after the fact. so its useless.
Alex Yeremenko (28 days ago)
What timeframe should I use for it? It's different in different timeframes.
abhishek shah (1 month ago)
Which type of volume profile should I choose in Trading View ? , There are 3 types. So which is best ? One of them I think better is volume on screen , like it will show the profile of whatever data on our screen is, But how much past data we have to take ? Means how much zoom in or out we should make, coz more past data we zoom out we get different profiles
I tend to use fixed range volume profile
R L (1 month ago)
You are good!
hye park (1 month ago)
Where can I get that volume profile indicator. I couldn’t find in tradingview
Volume Profile on Tradingview requires a PRO account.
Mister Anderson (1 month ago)
You never covered the different colors and what they mean in the VPVR. Can you break the colors down for me?
Lucas Scholten (1 month ago)
I cant find this indicator on tradingview Can you help?
The indicator is only available to PRO users on Tradingview.
Miguel Kruste (1 month ago)
Hi i cant find that volume profile in trading view
The Volume Profile is only available to PRO users of Tradingview. You can use Tensorcharts.com if you want a free volume profile.
Jean Sanchez (2 months ago)
Thank you I was looking A easies explanation for two days and I cannot find it anything but I see your videos and shows five seconds I understand thank you again you’re the best keep the good work
Veronique Cobbaert (2 months ago)
thx !
in0sanity (2 months ago)
thank you that was very informative
issam ragnar (2 months ago)
hey sir first of all i wanna thank you for all your videos ,it helps mme a lot ,i have a question ,what thas it mean when we have a strong bullish candle with a small volum ?, and when we say a strong volume it mean a volum who is almost tutchinng the MA and far right ? THANK YOU
issam ragnar (2 months ago)
yes,got it sir ,and what about when we have a weak bullish candle but not that strong volume , it means it's likely price going down ? thank again
Strong volume = volume above its 20 period moving average. Remember that 'strong volume' can also be a sign of a reversal, so always check the trend momentum (weak momentum + strong volume = reversal, strong momentum + strong volume = continuation).
Johnny Hill (2 months ago)
Thanks for the breakdown this helped a lot!
Stacey French (2 months ago)
Awesome! Now that makes perfect sense. Do you have a signals group ??
We don't have a signals group, but rather a group that is aimed at creating better traders. Discord Chat: https://discord.gg/MSrNkbg
Steve Sheldon (2 months ago)
What do the different colors represent?
Blue/purple area is the value area. Green/red is the non-value area.
Trade Technical zerodha (2 months ago)
R u wolverine
Yep, go blue
Oh The Future (3 months ago)
How would this apply to other markets, like maybe, FOREX? Same?
Laurens Sipahelut (3 months ago)
The value area. Price seeks value: Wherever value goes, it goes too. Is that about right?
hoang the anh (3 months ago)
Hello. I have watched your Volume profile video, but since I'm Asian, my English listening section is not really good, so many of my videos have not been heard. So you can write trading strategies according to Volume Profile strategy so that I can translate to find out more. Thank you very much!
Nick Walsh (3 months ago)
Very clear well explained videos and good teaching style many thanks best vids on this subject
Garrett Guitar (3 months ago)
How many candles should be on the chart? What sort of patterns are OK? Is it fine if the candles start low go high, go back down again? Old value areas should not affect what is calculated to be the current value area. The value area can be affected by all of these things. After watching this video, I understand the mechanics of volume profile indicator but I do not know how to use it effectively. In order to understand how to use volume profile effectively, I need to understand how many candles and what sorts of shapes can appear on the chart.
kia5b (3 months ago)
For a free platform on TA techniques and TA tricks with Trading signals Please join https://discord.gg/d2cMUCA Twitter: https://twitter.com/KiaCrypto Telegram: https://t.me/TAcademy
Rob Stone (3 months ago)
Brilliant.. Thankyou. What a awesome indicator. Really good explanation.
Don Carson Kraft (3 months ago)
Great video on volume profile for the novice.
adil hussain (3 months ago)
Dude you're genius. Thank you very much for your teaching. I had been looking for videos to understand VP from last 2 years but did not get it very well until I came across your videos. Thank you very much once again.
M F (4 months ago)
What I like about your videos, is that you don't just explain the technical aspect. You reinforce the technical theory, backing it with market pyschology. Very few people do that though it's very important. Great job!
WiredShut (4 months ago)
I'm late to the game but this is a great video. Thank you for sharing your knowledge on VPVR.
Johannes (4 months ago)
Thanks - like the way you explain things!
Thanks!
what is lvn and hvn ?
Stafford Dawson (3 months ago)
Bitcoin Trading Challenge what setting is your VPVR set to?
Low volume node (price where few past transactions took place) and high volume node (price where many past transactions took place)
Mido Dido (5 months ago)
Thanks bro
Gabriel Almonte (5 months ago)
This is awesome, keep up the good work man!
ANIL VIROOMAL (5 months ago)
sorry POC foresees future direction , correct? then as you mention 5 m and 1 H, ,however what TIME FRAME back in a chart to put 1 day, 2 weeks, 1 month ? , i mean besides the 5m or 1 H? here where i am confused , Thanks again.
ANIL VIROOMAL (5 months ago)
Hi nice explanation , however bit confused on what time frames to use to day or swing trade , 30 min daily ? or5 day  , Thanks
Timeframe is your choice - however, I have noticed that the Volume Profile works well on the 5M and 1H.
Robert Anic (5 months ago)
what a powerful indicator, thank you for explanation
AY (5 months ago)
Very powerful tool
Kevin Chi (6 months ago)
Thanks for the great explanation! Also have a question: "...all those positions begin to exit, then it will cause the price likely reverse..." - Can you elaborate this? I would think if long positions exit then the price won't reverse and go up, but will go down because the sell pressure. Why would the opposite happen?
Due to the dynamics of price being oversold. If too many traders sell at a certain level - that level will likely turn into a bullish reversal. Why? Well imagine theoretically a situation where every trader sold an asset, the price would not be able to move any lower as there would be no more sellers able to push the price down. Imagine a situation where every trader bought an asset - at that point, the price would not be able to move any higher as there are no more buyers to push the price up. So when I say that those positions begin to exit, price likely reverses = that is because of all of the traders who wanted to sell = had already sold = good buying opportunity.
Tyler D'Amore Doo (6 months ago)
How many bars do you set (Row size) - pros and cons to this value? Have mine at 100
I use ticks per row instead of row size. And I alternate my row size between 10 and 100 depending on the coin.
Ghostdog_AUS (6 months ago)
With setup in trading view, where do we set the 2 points after choosing fixed range? Do we need to change values to the ones in your video? I only saw 2 options to change values for trading view, but I see 3 in your video.
Fixed range: place the two endpoints based on the market state.
Trevor Bruce (6 months ago)
how do you find this indicator on trading view?
Robert Anic (5 months ago)
its a bit different, but it also has volume area, though its dynamic displayed
You need Tradingview Pro. If you have Tradingview Pro, hit indicators and then hit volume profile. Then hit fixed range if you want to draw the endpoints or visible range if you want the volume profile to follow your chart.
JOHN DOE (7 months ago)
Your a legend
Jonatan Castro (7 months ago)
Hello Bennett, Sorry I posted another comment into another video and will try to make this one better with some questions, if you have time: - Volume profile is only useful for day trading? Or can I use it to look at the chart with 15 min or 4h candles so try to predict trends? I also notice it will vary a lot depending on the time interval selected so I was wondering what would be ideal time interval for day trading but also for more of a long-ish term investment - On the rules of volume profile you said that if price is consolidating it will bounce between HVN’s and LVN’s, but I’m not entirely sure if these HVN’s will be likely inside the VA or it could go outside of it as well Thanks!
Jonatan Castro (7 months ago)
Thanks so much for your time and valuable information. I will continue exploring this and watching your videos!. Thanks for the tip as well, will check the fixed range volume profile too!
I would recommend that you use the fixed range volume profile instead of the visible range volume profile. Then you could go on the 1H or 4H view and plot the fixed range from the start of a trend to the end of a trend or the start of consolidation to the end of consolidation. I always like to plot the fixed range volume profile on a higher timeframe and then trade on a smaller timeframe using that information.
Jonatan Castro (7 months ago)
Thanks Bennett. What confuses me is that for example if I look at XLM/BTC at 1 day view... VA is on top meaning it's on a downtrend, however if I put a 5 day view (all on TradingView website) VA is on the middle meaning consolidation. Taking a look at some other coins it happens the same or I just get downtren on 1d view and uptrend in 4d view. Aside from day trading, which is clear that we should use the 1d view, for long-ish positions what's supposed to be the correct time frame? Should we also try to include for example huge spikes up or down in the view to have a better picture on where the value area is?
Volume Profile can be used on any timeframe - and can be used for shorter term and longer term trading. Typically during consolidation: you will see price bounce from LVN to HVN and then back to LVN's within the value area.
n3133 (7 months ago)
you need pro to use volume profile indicator on tradingview???
Roberth TG (3 months ago)
But bitscreener only have high timeframes? > 1 day
Yes. If you can't get PRO then you could also use Bitscreener (https://bitscreener.com/) which offers the volume profile on all crypto coins.
leearco (7 months ago)
How can I add this indicator to Trading view? When I search Suumeet Singh VPVR, there is nothing there. ( I have PRO+)
Arnaud HALVICK (7 months ago)
It's "VPVR" "Suumeet Singh" is the name of the guy in the comment above :)
Jonny H (7 months ago)
Hey I've dropped you an email regarding helping your channel with Graphic Design! If you're interested have a read and get back to me. Cheers
OG Life (7 months ago)
The explanation was simple but I'll definitely need two to three more views for comprehension
kuzmanovic2D (7 months ago)
Thanks, Dude.
Trading Expert (7 months ago)
hi there I really enjoy your videos. Lots of information, but I would like to ask you something to do a video on. Can you figure out a few EMA cross over strategies, which works lets say 80% of the time without any volume or any other parameter simply based on ema cross over, lets say 30,10 buy after the 4th candle and sell when ema crosses 2 candles after. which works on 5,15,30 and 1 hour 80% of the time? if you can come up with such a strategy im more than willing to pay it forward. I have been trying to figure out a strategy but you are more knowledgeable than me when it comes to trading. if we can find a strategy simply based on ema im going to pay it forward promise. please leave me ur email or contact info. thanks
My email is on my Patreon : https://www.patreon.com/BitcoinTradingChallenge
Berger Henri (7 months ago)
Very nice this display of the volume profile but I can't see the same volume profile on Kraken. Nice video and the efficiency is clearly here !
Le Ena (7 months ago)
Tyvm!
Dean Gorman (7 months ago)
I'm lost for words on how good you are at explaining your knowledge. Thank you so much & may you have a great 2018!
Suumeet Singh (7 months ago)
Hey mate, what is the name of the indicator? Your stuff is amazing and I absolutely like your videos.
OjiDaThird (7 months ago)
fdsafs grgsdg I believe there is a 30 day trial on Tradingview if you haven't already found something yet.
fdsafs grgsdg (7 months ago)
Ah turns out you need PRO in order to use VPVR...Anyone knows a good alternative where I can try VPVR for free?
Brandon (7 months ago)
Suumeet Singh VPVR
markiid (7 months ago)
Just want to say thanks very much for all your videos, ive learnt so much in the last couple weeks from them. You have a knack for teaching in a clear and easy to follow manner.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.