Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Traders may use it as a signal for an upcoming trend change. Learning Center - TPOProfile - Thinkorswim Volume Profile is a powerful indicator that will show you where volume is concentrated. Prices at which the highest and lowest volume occurs are worth noting. Thinkorswim initially sets the volume bar graph to a neutral color regardless of whether the stock is up or down for the given timeframe. Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). Converse with thousands of other experienced traders. Someone mentioned that ThinkorSwim's volume profile study was basically Center of Gravity (COG). Not a recommendation of a specific security or investment strategy. Unlike a typical volume study that aggregates volume for a specified time period, like daily, and displays a vertical column of the total volume for that period, the Volume Profile study plots a horizontal histogram of volume traded at specific prices. "AUTOMATIC" splits the trading range of the whole chart into 85 equal intervals. Volume as an Indicator: Why You Should Listen to It Is there a better volume profile indicator? : r/thinkorswim - Reddit A b-type pattern indicates a bearish move and usually emerges during an imbalanced market. When you join a community, you can talk with other traders with unique viewpoints on the stock market. Values "BAR", "MINUTE", "HOUR", "DAY", "WEEK", "MONTH", and "OPT EXP" allow you to set aggregation manually, specifying number of these periods within the "multiplier" input. This is easily viewed when the price touches the new support and bounces higher (slightly above the white box, where our white arrow has been drawn to illustrate this), The longer price action trades sideways, the bigger the Volume Profile bars become which indicates a key important trading price or area on the chart, Volume Profile is a popular indicator used by traders to analyze and identify patterns in the price movement of a security. However, instead of comparing two Close prices of adjacent bars, it compares change in typical price with a so-called "cut off" value based on standard deviation. Here is what I thought was a cool COG (Center of Gravity) study that someone posted in the lounge several years ago. The Volume Flow Indicator is a long-term trend following study which uses the same principle as On Balance Volume.
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