![]() Because when big players trade, the market. It shows the institutional activity on the chart. ![]() This indicator helps identify the volume profile’s primary key levels on the price chart. If you are a Zerodha client, you can get this indicator on our new trading platform kite.zerodha. A volume profile indicator is a technical tool that indicates the amount of volume traded in a specific period at a particular location on the candlestick chart. So for example in the chart above for an extremely short term intraday trader, the top made at 8244 came on very thin volume, so this would have been a good indication to not buy the breakout in price. Market moves on higher volumes are always more important than those on thin volumes. Volume profile shows you the total volume at a particular price on the chart that is open. The study which is accounting for traders defined parameters such as a number of rows. This is the pink horizontal bars that you are seeing on the right. Volume Profile indicator is an advanced charting study that displays trading activity over a specified time period at specified price levels. ![]() Kite, the web based app of Zerodha comes with an indicator called Volume profile that helps you in the same. ![]() Knowing this is helpful in making trading decisions. In your example the chart is a minute chart, so the volume chart based on where you hover shows how many contracts were traded in that particular minute.īut what is probably more meaningful to know is the volume that traded at a particular price. A typical volume histogram at the bottom of the chart shows you the volume at a particular time on the chart. ![]()
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