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Volume profile

The volume profile is a horizontal histogram of how much volume traded at each price level - wide bars are prices the market spent real size at, thin bars are levels it passed through. The Point of Control, the single highest-volume level, is marked. Use it to find volume-based support and resistance: levels the market actually defended, not lines drawn by eye.

Where: Chart Options ▸ Volume ProfilePanel: Chart
📷
Screenshot needed
id: chart-volume-profile

A chart with the volume profile histogram down the side and the Point of Control marked

suggested 1280x720

Overview

Section titled “Overview”

Where a normal volume bar tells you how much traded in a slice of time, the volume profile tells you how much traded at each slice of price. Long bars mark high-acceptance levels - prices the market keeps returning to and transacting at - which tend to act as magnets and as support or resistance. The Point of Control is the price with the most volume of all, the profile’s center of gravity. Run the profile over your entire loaded history, or restrict it to just what is on screen.

How to use

Section titled “How to use”

  1. Open Chart Options and switch on Volume Profile.

    📷
    Screenshot needed
    id: chart-volume-profile-enable

    The Chart Options panel with Volume Profile turned on

    suggested 640x480

  2. Choose a mode: Session to profile the whole loaded history, or Visible to profile only the current on-screen price range.

  3. Read the histogram against price. Note the Point of Control and the high-volume nodes - these are your volume-based support and resistance levels.

    📷
    Screenshot needed
    id: chart-volume-profile-poc

    The Point of Control and high-volume nodes read as support and resistance

    suggested 640x480

Modes

Section titled “Modes”
ModeWhat it profiles
SessionThe entire loaded history of the chart
VisibleOnly the price range currently on screen
Section titled “Related”