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
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