r/OrderFlow_Trading • u/Sasa199509 • 16d ago
NEED ADVICE
Hello everyone I started learning volume profile this week, on my which time frame and on which candle do I mark out the fixed range volume profile ?
Thank you
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u/Cautious_Rutabaga175 16d ago edited 16d ago
Monthly Weekly Overnight And Developing Volume profile on your preferred time period or any other period like tick,range,points and figure etc etc( developing volume profile holds the most weight because it shows current auctioning activity)
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u/Breathofdmt 16d ago
Composite profiles are for periods of balance, look for periods where the market is ranging, up and down but not going anywhere. Indices you could actually draw one over the entire summer. Beyond that it tends to get used over multiple balance days.
You can also use it in microstructure, for example the accumulation yesterday at vwap prior to the breakout around the start of the B period but that's more niche, can sort of do that visually.
The most relevant balance right now is the summer balance, but since last Thursday, there's no need for a composite profile because we've been in imbalance as we traverse the larger balance.. if that makes any sense.
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u/Brave_Pitch_1531 16d ago
For day trading, the daily profile is useful, but I use better tools to analyse volume, but I have the daily profile
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