VPVR (Volume Profile Visible Range) is an indicator that reveals price points with the most trade volume, within the current visible range on your chart.
This indicator can be applied for both day traders and swing traders, as it will provide you with price areas of significant liquidity on both high and low time frames.
By using these areas of liquidity provided by VPVR, you can identify price areas of support and resistance that other traders might miss.
Volume is arguably one of the most valuable insights to have for making a successful trader.
Your trading ideas will become even more powerful when you combine volume with confluences such as; horizontal levels and Fibonacci.
NOTE: VPVR is not available on the free version of Tradingview.
Time Stamps
1:39 – XTZ Previous COTW (DO NOT TRADE THIS)
10:58 – VISIBLE RANGE
- SETTINGS: row size: 188, value area volume: 68
- The highlighted area is where the highest percentage of volume is (68%)
- VAL = the low of the highlighted area
- VAH = the high of the highlighted area
- POC = point of control
- Inside of that, we have POC which is a big horizontal S/R line (VAH and VAL as well but POC is the strongest)
- If you are trading a channel these values can help to be more exact – sometimes you do not make it to channel high but reject for instance at VAH
- Visible range calculates volume transacted at each price and totals it on the side of the chart (of what you can see on the screen)
25:02 – ATTEMPTS TO BREAK A RANGE
- Be very cautious of volume when in a sideways range. The volume at the breakout cannot be smaller than on the break down (or up) that starts a range. Compare how you get in and how you get out.
37:38 – VISIBLE RANGE
- Shows horizontally where volume came in
- Within the range:
- VAH – one would start looking for shorts
- VAL – one would start looking for longs
- POC – one would not look for a position (midpoint TP usually)
- If the price starts to move outside of the VAH one would like to close shorts = acceptance above the range (people are starting to see value)
- If you are robotically trading the range one trade will 100% be a loss (break of the range). To prevent that one should look at various things:
- Time: how long each rotation takes (low to high/high to low). For instance, if your average time is 10 min and the last move takes only 5 min on high volume = increase of buying pressure
- Volume
- Delta
- Also, when you are coming to highs you can see how aggressively they have been sold and when you are coming to lows you can see how aggressively they are being bought
- Also, look for the context and divergences
50:40 – EXAMPLES
55:39 – Q&A
- You do not adjust parallel channels because of VAL and VAH. Channel is built on MS
1:17:49 – BTC TA