Use Quantity Profile & Significance of Quantity Profile Knowledge

In the event you’re searching for methods to establish intra-day assist and resistance ranges to assist discover turning factors out there, one of many simpler methods to take action is with quantity profile knowledge. Quantity profile is a charting method that shows the overall quantity traded at each value stage all through the buying and selling session. Learn extra to learn the way quantity profile and technical instruments could assist as a part of your buying and selling methods.  

Use Quantity Profile and Different Technical Instruments 

On this version of ‘Merchants Workshop’, Patrick Mullin of Gorilla Futures discusses how his quantity profile “HeatMap” indicator together with different technical instruments helps merchants higher establish potential entry setups and pattern reversals. Patrick additionally talks about his “FootPrint” indicator and the way it can assist establish the place intra-bar shopping for and promoting is going down, so as to higher anticipate market course and establish short-term day-trades. 

Key subjects lined embrace:

  • Why Order Stream is vital to a dealer
  • Visualizing Order Stream on a value chart
  • Understanding Quantity Warmth Maps
  • Figuring out potential Shopping for and Promoting ranges
  • What it takes to turn into a Day-Dealer

Tune in to Dealer’s Workshop Each Week

Make sure to be part of us stay every Tuesday at 12:00pm ET for an additional version of Merchants Workshop. You’ll be able to watch earlier Dealer’s Workshop occasions out there on-demand:

Get Began with NinjaTrader

NinjaTrader helps greater than 500,000 merchants worldwide with a strong and user-friendly buying and selling platform, low cost futures brokerage and world-class assist. NinjaTrader is all the time free to make use of for superior charting & technique backtesting by way of an immersive buying and selling simulator.

Obtain NinjaTrader’s award-winning buying and selling platform and get began with a free buying and selling demo with real-time market knowledge as we speak!

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