Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

How to get Volume Profile Charts Online

1 min read

A Volume Profile is similar to a Market Profile inasmuch as they both show a profile (a bell curve) against the Y-axis of the chart to represent the most traded area(s) of the time period that they have been constructed against.

 
The major difference, a significant one, is that a Volume Profile is constructed using the volume traded at each price while Market Profile is constructed based on time brackets traded that the market traded at each price called TPOs.

Volume Point of Control
The most traded price (the one with most volume) is defined as VPOC, or Volume Point of Control.


Against each price on the vertical axis you will typically see a bar that represents the number of contracts that were traded at that price. This type of chart can also be normalized to show a percentage of the day’s total volume traded at that price. Volume Profile is agnostic about time that the market remained at each price.

Where to Get Volume Profile Charts online

1)Volume Digger is providing Volume Profile Charts for long time
2)It supports data from Google Realtime Intraday Backfill Data
3)And you need to be familiar with Google Symbols and for nifty the symbol is .NSEI
4)Its available for NSE/BSE & Internation Exchanges too. Analyse and Paper Trade these levels before you get into trade

What Information the charts will provide

Volume Profile Charts shows the distribution of volume across the prices. From my observation the Volume profile chart will provide the levels to trade intraday/positional. In the above 10min nifty chart chart you can see that High volume on the Y-AXIS is built near 5594 zone. And yesterday’s dip below 5594 in nifty could result in that 5594 zone could be the resistance zone for the intraday. And based on the market movements the high volume built up bar levels also move dynamically with respect to time and constant observation is required to trade based on these levels.

This is just one observation. If you have more observation on volume profile charts post your charts here for more clarification.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

How to get Volume Profile Charts Online

Volume Profile Charts shows the distribution of volume across the prices. From my observation the Volume profile chart will provide the levels to trade...
Rajandran R
1 min read

10 Replies to “How to get Volume Profile Charts Online”

  1. The important thing to know here is that:

    Price is attracted by High Volume prices or “levels” (balance areas).
    And rejected by Low Volume prices or “levels” (Imbalance areas or highs and lows in charts, Gaps, Prices where it has bounced several times).

  2. sir, can we trade intraday on the basis of 13-13 wilder movi ave. is it reliable…? using 15 min data or 1 Hr data or 90min data? in nifty…. sorry forgot to mention in earlyer comment..

  3. HI Sandip,

    Before Trading using 13-13 Wilders Moving average the points need to considered

    1)You need to backtest the 13-13 trading system for the success ratio and what is the max draw down/risk for a particular stock/indices

    2)13-13 Wilders trading system does not provides universal results for all the stocks. Means for some stocks it provides good risk reward ratio and for some stocks the risk reward ratio is poor

    3)You can trade if the risk-reward ratio is good for that particular stock/indices

    4)Once you identified the stock with good risk-reward ratio after backtesting then you use the trading system for low risk high probability trading.

    Rajandran R

  4. Please advise me, looking at volume & price chart for TATAMOTORDVR, one can short in fno segment at around 156-157 compared to TATA MOTOR, change in price in TATA MOTOR is approx 5% where as in TATAMTRDVR its approx 13%

    Tanx
    Abhay Dagli
    abhaydagli@gmail.com

  5. Volumedigger profile chart no more available! As mentioned there, good things always comes with expiry. Well, may be! But why can’t be a exeption there? More then happy if rejuvenate this service! It was a great beneficiary one for trading community! Wonder what made it to discontinue! Is there any other source to availe same?

  6. Hello Rajandran,
    Am interested in using volume profile for Nifty and bank nifty.
    How can i go abt it?
    regards
    naresh

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