The Volume Profile studies are the heart and soul of the suite. There are 5 essential types of general profiles – range, bar/intraday, session, micro-composite and composite – each designed to analyze a successively longer span of time, volume and price action:
- Range profiles allow traders to instantly profile specific sections of a chart
- Bar/Intraday profiles individual bars, blocks of time, blocks of volume or even price ranges
- Session profiles for any RTH or ETH daily session
- Micro-composites for profiling a number of sessions over an intermediate term, such as a few days, a week, a month or even longer
- Composite profiles, finally, are designed specifically to cover the long haul – a few weeks to several years
Additionally, the Volume Profile family contains 3 specialty price-volume studies:
- Volume Profile Evolution: designed specifically for viewing the big-picture auction as an unfolding story told over days, weeks, months and years
- Volume Value Channel: allows the study and tracking of just the value area without the profile
- Volume Profile VPOC: allows the study and tracking of just the per-bar volume point of control and value area
Most of the profile types can be used on any style of bar built into NinjaTrader 7 such as minute, range, volume or Renko, etc. Each type is implemented as a separate study/indicator so you can easily mix and match to fit your personal trading style, and their features are described in detail below.
Volume Profile Range
Part drawing tool, part indicator and full-on useful, the range profiling tool adds instant bar-level precision to your profiling strategy. It really is as easy as one keystroke and two clicks of the mouse to create exactly the profile you need.
Volume Profile Intraday
While the other profile studies in this pack focus on profiling days, weeks and even years’ worth of volume, the intraday study focuses on much smaller time frames. You can now profile individual bars, blocks of time, blocks of volume or even price ranges. It really rounds out the profiling capabilities of the Acme suite, so have a look and consider how it might add some new depth to your trading strategy.
Volume Profile
Volume Profile Microcomp
Need to profile longer spans of time than a session but don’t need a full-on composite? Well then, the micro-composite is just the ticket.
Volume Profile Composite
Last but most definitely not least, the composite profile is in for the long-ish haul. Most appropriate for profiling a few weeks to a few years’ worth of volume, the Volume Profile Composite helps you see accepted and “unfair” prices from the proverbial 30,000 foot view. If you need to look at the big picture, then this is the study for you.
Volume Profile Evolution
Many of the other volume profiling studies in this pack are all about ticks, minutes, hours and sessions, but the VP Evolution is all about weeks, months and years. Like it’s time-at-price companion study, the TPO Evolution, the VP Evolution uses 3 essential dimensions – range, width and color-tuned time – to help you view the big-picture auction action.
Volume Value Channel
This one is a specialized price-volume study which allows traders to track just the volume value area of their choosing, in real time as it develops. In some ways it’s the hyper-minimalist’s volume profile, and it’s a perfect compliment to both the VPOC “value candle” study in this pack and the Volume Impression for value-oriented traders and/or traders of naturally mean-reverting instruments.
Volume Profile VPOC
Yet another specialized study in the Volume Profile lineup, the VPOC study displays only the the per-bar volume point of control and (optionally the) value area –clearly, simply and flexibly.