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How to read a volume profile thinkorswim11/3/2023 For example, you could overlay the volume profile on a price chart (see figure 1). You can try out different settings by selecting Studies > Edit Studies, then the settings icon. By default, the volume profile will display in the expansion area to the right of your traditional price chart, but there are other ways to view this study. Select Studies > Add Study > All Studies > U–W > Volume Profile. On the thinkorswim ® platform from TD Ameritrade, select the Charts tab and enter any symbol. But those bars don’t tell you anything about which prices attracted the most traders. The typical vertical volume bar displays the cumulative volume traded at a certain time. The charts can help identify which prices traded the most and the price range where most trading took place. Volume profile charts look and work much like a bell curve that displays the probability distribution of price moves. But have you ever used volume profile charts? They offer a unique way to visualize price action. Use the volume profile tool to help identify trading entry and exit pointsĬandlestick, bar, and line are all familiar chart types.Identify the price at which most trading took place.Learn how to trade with the volume profile charting tool.
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