The Volume Profile displays a vertical representation of the volume distribution over the price range for the visible bars. The user may change the number of bars, width, align, range percent and show range option. This indicator’s default values are given in calculation below.
How To Trade Using the Volume Profile
No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>Volume Based>Volume Profile
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.
//Bars = user defined, default is 20
//Width = user defined, default is 100
//Align = user defined, default is right
//Range Percent = user defined, default is 70
//Show Range = user defined, default is true
Code may be available on request.