Fixed Range Volume Profile: helps to construct a significant Supply & Demand zones over a specific period of time. Either it belongs to shorter time frame (15m-4H) or secular time frames (1D-1M)
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Note: The whole explanation is in Structured manner. Read carefully and Enjoy.
Type of FR Volume Profiles patterns.
1. P Type
2. D Type
3. b Type
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1. P Type
image reference: Trading view doesn't give permission for external links to newbies, sorry for that
tradingview.com/x/GGOoNQ47/
P Type pattern occurs in bullish/up trend and it mostly apply to identify next higher-low for best entries. P type pattern describes that accumulation zone has been done where most of the contracts happen after a bull run.
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2. D Type
D Type pattern occurs after retracement of primary trend. It can occurs both in uptrend as well as downtrend. Major goal is after retracement D-type provide a harmonics of Neutral range of highest volume faced in a trend. In simple POC (point of control) where either buyer will control if passed or seller will control further if passed down to POC.
tradingview.com/x/Ji8XZisx/
.
3. b Type
b Type occurs in bearish/down trend which describes that seller has been sell a lot at supply zone. So we have to see at POC redline either seller will control further or not. If the price passes the red seller control will be over buyers if not buyer will in power and as we know in downtrend lower-high will formed by buyers if they control after touching above the red line and there we can look for sell.
tradingview.com/x/0sUm6ZoQ/
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Where FR Volume Profile tool is located in trading view?
Look for that symbol above EMOJI list.
tradingview.com/x/HbeIvWkQ/
.
How to use the FR Volume Profile Professionally?
Step 1: Apply Volume Profile
- Choose opening price only & locate your 1 Point of Volume Profile as shown in Image below.
- Choose last higher-high in bullish trend & lower-low in bearish trend opening prices as shown in image.
tradingview.com/x/LN63KpRd/
.
Step 2: Create Supply and Demand zone
- If price is in trending use spikes (higher price of candlestick) to for Supply and Demand.
- if price is in accumulation/consolidation phase choose closing price of candlestick for both Supply and Demand zone.
tradingview.com/x/zvB4LoLi/
.
I hope you like the this part please let me know in comments. If you guys wanna see the Advanced parameters of FR Volume profile using developing POC and VA method to identify the current contracts as compare to last sessions.
RELIANCE
.
Note: The whole explanation is in Structured manner. Read carefully and Enjoy.
Type of FR Volume Profiles patterns.
1. P Type
2. D Type
3. b Type
.
1. P Type
image reference: Trading view doesn't give permission for external links to newbies, sorry for that
tradingview.com/x/GGOoNQ47/
P Type pattern occurs in bullish/up trend and it mostly apply to identify next higher-low for best entries. P type pattern describes that accumulation zone has been done where most of the contracts happen after a bull run.
.
2. D Type
D Type pattern occurs after retracement of primary trend. It can occurs both in uptrend as well as downtrend. Major goal is after retracement D-type provide a harmonics of Neutral range of highest volume faced in a trend. In simple POC (point of control) where either buyer will control if passed or seller will control further if passed down to POC.
tradingview.com/x/Ji8XZisx/
.
3. b Type
b Type occurs in bearish/down trend which describes that seller has been sell a lot at supply zone. So we have to see at POC redline either seller will control further or not. If the price passes the red seller control will be over buyers if not buyer will in power and as we know in downtrend lower-high will formed by buyers if they control after touching above the red line and there we can look for sell.
tradingview.com/x/0sUm6ZoQ/
.
Where FR Volume Profile tool is located in trading view?
Look for that symbol above EMOJI list.
tradingview.com/x/HbeIvWkQ/
.
How to use the FR Volume Profile Professionally?
Step 1: Apply Volume Profile
- Choose opening price only & locate your 1 Point of Volume Profile as shown in Image below.
- Choose last higher-high in bullish trend & lower-low in bearish trend opening prices as shown in image.
tradingview.com/x/LN63KpRd/
.
Step 2: Create Supply and Demand zone
- If price is in trending use spikes (higher price of candlestick) to for Supply and Demand.
- if price is in accumulation/consolidation phase choose closing price of candlestick for both Supply and Demand zone.
tradingview.com/x/zvB4LoLi/
.
I hope you like the this part please let me know in comments. If you guys wanna see the Advanced parameters of FR Volume profile using developing POC and VA method to identify the current contracts as compare to last sessions.
RELIANCE