Volume Part 4 Fixed Range

Fixed Range or Volume Profile Fixed Range is a Tradingview tool that allows you to select a start and endpoint in time, to measure the traded volume of price action, within your chosen range.

For example, you could choose to measure from the start of an uptrend to where the price currently sits, and identify the areas of liquidity within this range.

This tool can be used on all time frames and allows for you to zone in on a specific area of price action.

Using the Fixed Range tool will plot a Point of Control (POC) onto the range that you've selected.

The POC is an area of significant volume where one could expect price action to test that particular level, and so it is always worth having such levels marked on your chart.

Fixed Range will also give you the Value Area High and Low (VAH/VAL) of your selected range.

These are the largest areas volumes at both the top and bottom of the overall price action, within your selected range.

Understanding volume will add a great edge to your trading strategy, a must-have in your confluence handbook.

Time Stamps

10:40 – ZRX Previous COTW (DO NOT TRADE THIS)

16:04 – FIXED RANGE 

• Similar to visible range (VPVR) but a bit more advanced
• Very helpful when looking at the untested range
• When we look at the chart and the volume candle we do not know where in the candle the most volume came in. therefore the fixed range is a step ahead of volume candles. The next step though is footprint charts
• How Daniel chooses a range
• From the first wick that starts the range to where you break down (the last candle before the break)

42:08 – EXAMPLES

• Daniel has a feel for that, he does not have a ‘rule’ from where to where select a range, he is a natural. Practice is the best way to get a feel for that.

1:02:57 – Q&A 

• SETTINGS: row size: 148, value area volume: 70
• If for instance, VAL is close to POC it does not mean it is stronger (maybe you can just take an average between them)