Volume profile is a key study when comes to understanding the auction trading process. Volume Profiles will show you exactly how much volume, as well as relative volume, occurred at each price as well as the exact number of contracts for the entire session. It is a visualization tool to understand the high activity zone and low activity zone.
Nifty and Bank Nifty 90 min volume profile charts are shown. Nifty and Bank Nifty 90 min charts are in sell mode since last friday and currently the 90min cloud resistance are near 5180 and 10470 respectively.
SMV Trading system V1.0 – An Intraday Trading Approach with Combination of SDA2 Trend Trading System + Market Profile + Volume Profile (SMV Trading System v1.0)