Volume
Profile +Range V.6 indicator is the best indicator for analyze the
volumes of the market.
Key
features of the Volume Profile + Range v6.0 indicator
VP:
display distributions with a step equal to standard periods
VP-Range:
showing distributions for any selected period, various methods of
setting calculation boundaries
setting
the displayed information (histogram, mode, maximum)
the
ability to install several indicators on one chart
The
VP indicator divides the chart into equal time ranges and shows the
distribution for each. Ranges can be equal only to standard values
of timeframes not lower than the current one. For example, for
H1, the range can be specified as H1, H4, D1, W1, MN1.
VP-Range
only works on one range. Boundaries can be specified in one of
several ways:
arbitrarily
using vertical lines
use
the number of the last minutes of the schedule
set
the right border and the number of minutes before it
When
specifying borders along lines, the bar of the right border is not
taken into account in the calculations. This is done so that when
switching timeframes, the initial data and, accordingly, the type of
distribution does not change.
Bars
of higher timeframes may contain fewer bars of lower timeframes than
one would expect from the calculations. This is due to natural holes
in the history of quotations formed due to low liquidity, as well as
due to interruptions in work. Therefore, if you tell the Volume
Profile + Range v6.0 trading indicator to show a week before a bar,
then the time of the left border may not coincide with the time of
the right one. Different brokers may have slightly different data,
but despite this, due to the use of a large amount of data in the
calculations, the result is similar.
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