How do you correctly use volume profile?

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Updated March 2, 2015

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How do you correctly use volume profile?

March 1st, 2015, 10:46 PM	#1 (permalink)
TennisOrDie Long Island, New York Former Ass. to the Reg. M Experience: Beginner Platform: NinjaTrader Trading: Global Warming Posts: 204 since Jan 2015 Thanks Given: 201 Thanks Received: 216	Hello, Many people on this forum recommend using the volume profile indicator. How exactly is this indicator suppose to be used? I attached a picture below. From what I can tell, it looks like the red circles are where support/resistance lines form on price. Is that correct? What exactly does the value area high and low tell me (blue circle, yellow line)? What exactly does the Point of control tell me (yellow circle, red line) Thanks in advance. Attached Thumbnails

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March 2nd, 2015, 11:40 AM

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Big Mike

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Use the existing thread:

Volume Profile and Footprint discussion
Hi guys,

I felt that we needed a thread dedicated to the discussion of Volume Profile.

Some basics, you can hover over these and click on most of them to get more info in the wiki. I also encourage you guys to improve the wiki articles by editing …

Please search before creating new threads.

Also, there are countless webinars on nexusfi.com (formerly BMT) that go into great detail.

Mike

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Last Updated on March 2, 2015

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