Get started

X-volume

Volume price Volume price is my term meaning the average price for a certain traded volume in a certain period of time. As an example, I took the BTCUSD chart To find out at what level the largest volume is traded, there is a tool called "Fixed Volume Profile" FRVP (located on the sidebar, in the Tools for Measurement and Forecasting cell). Here I stretched it for the period from November 14, 2020 to August 03, 2023 POC the orange line in my case (it's so convenient for me) shows the same maximum volume, and if you put a horizontal line with a price display in its place, we will see the price of 16752.88 - this is the price of volume. That is, the largest volume was traded at this price. A fixed volume profile can be applied on any segments of the chart, for example, from high to low, or from low to low, or from high to high, or in the sideways. What does this give us? Firstly, we understand at what price large capital gained or gave away its position. Secondly, it forms the most powerful level for a certain time period (time frame). And finally, the volume has a price.
COINBASE:BTCUSDEducation
by InHoldOut
3
Bull Bear Power Void - With trending background To get this indicator on your charts (remove the old one from your favs and your chart if you have it already) otherwise just go to this link and add it Welcome to the coffee shop everybody in this video I am discussing the new changes to the bullet bear power void. There have been some changes to the coding because I did see your messages discussing that it was difficult to see the trend ribbon in the background so now you have an entire background that adjusts its color depending on whether the trend is positive or negative or if there is no trend. go ahead and watch the video for the results on that one hand I also took the time to show you guys how to see a Divergence in your volume up against your price. along with that you can also see when you should and should not re-enter the market for a continuation trade. Black background means there is no volume or that profits are being taken off the table. Red background means that the volume is trending bearish. Green background means that volume is trending bullish. One way to spot a Divergence or a slowing down in the trend is when your volume column brakes outside the void at the same time you get an equal color background, Look at the height of that volume candle and compare it to the last time that you got a similar color background with a column breaking outside the void. If your volume Is closer to the void it was in the previous one, then you do not enter this as a continuation trade. If you are trading bullish then your new re-entry has to have more volume than your last re-entry. If you are trading bearish then your new volume has to be lower than your previous volume
Education
by CoffeeshopCrypto
18
Volume Profile - Fixed Range/Session Volume/Visible RangeVolume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are a number of strategies the Volume Profile was designed to be used for, but I have found over the years most of it is useless in Crypto or it can be found with better methods. I will cover what I use it for in this educational piece. Most traders use the default Volume indicator that measures Volume based on time instead of price levels. While this is semi useful, I remove that on all of my charts and use Volume Studies that are based on price levels for a more accurate view. The Volume Profile can be found in the indicators section on TradingView shown in the link below. imgur.com As a note, I do change my settings depending on how I am using this indicator. I do enable Show Values, so I may see a detailed look at actual numbers. Also, I do change the amount of rows (Row Size) depending on how detailed of a look I need for the current situation. For the most part, I disable the P.O.C., Developing P.O.C., and Developing VA. I have found these features to clutter what I am looking at and not provide me with any kind of accurate or useful information. Some traders will disagree, but in reality they are just added features that rarely apply to crypto trading as a strategy. However, there may be times when they are useful and there is actual strategies that can be used, but I will not cover them because it will waste everyone's time. 2. There are 3 different ways to use it: Fixed Range- This is used for a set number of candles. Upon clicking this, you then select the area you would like to study. This is extremely useful when studying past fractals and how they would apply to current price action. Also, they are useful when studying how a catalyst or black swan affected the price of an asset for future theories and trading preparation. Shown below is a Fixed Range from December 10th to the 19th for Ethereum. ($415-$861) Session Volume- This measurement takes the Daily close no matter what time frame you are viewing and sets individual measurements for that 24 hours. Shown below is a the last 3 days as of this writing for Ethereum. Visible Range- This option is useful for quick views of price levels that automatically adjust as you zoom in and out of the chart. Whatever candles are visible on the chart, it shows trading Volume at those price levels. Shown below was Ethereum's last rally from $300-$1,425 and current correction. (Values have been disabled & row amount/size is set at 100) 3. Terminology Point of Control (P.O.C.) – The price level for the time period with the highest traded volume. Profile High – The highest reached price level during the specified time period. Profile Low – The lowest reached price level during the specified time period. Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70%. However, it is up to the trader’s discretion. Value Area High (VAH) – The highest price level within the value area. Value Area Low (VAL) – The lowest price level within the value area.
BITFINEX:ETHUSDEducation
by Nick_Core
33