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Here is my 15 min. chart with the Rancho Denero composite volume profile , with the weekly and monthly VWAP. Both acts as support, and sloping up. I put in the drawing tool as you can get an idea how it works, Price balanced across the VPOC with support from the weekly VWAP and the LVN. at 6601. Resistance from the LVN AT 6626 Which is marked on the left hand side of the chart.
The drawing breaks down the balance It has the same VPOC , The daily VWAP, The VAH. and the VAL. gives a reasonable area to trade for entries and exits .
You will notice the breakout was launched from the VPOC. bars start to increase, There is a short balance using the LVN now as support. Drops and spikes down to the VAL. of the drawing profile, but the body of the candle does not go below the VPOC @AUS200 (15 Min Heiken-Ashi) 2020_12_04 (5_07_35 PM)
The 5 min chart shows the Session for Rancho Denero volume profile. The profile shows price for the today, and the profile for yesterday, Price had moved up from yesterday profile and was trading around yesterday highs for the session.
Price traded all day above the IBL.66122, and above the midline (yellow line) comes with the Rancho Denero suit. The red line is the movement of the VPOC during the day. From around midday price traded between the VAH and VAL. and midline. The information for the day session is all there on the chart
I think we have @GruttePier and @snax who have done some work in it as well. So I do think this would be a great topic for combine-sortof-journal-chartposting topic. Similar to PATs price action thread.
I've made some unsuccessful attempts myself at this using OR and IB, but that's topic for that tread if we get one. @Rrrracer, maybe take the lead?
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"Be an observer, You are not your trading performance, Stop thinking so much, Eliminate/reduce social media activity, Accept the randomness" - Josh
On your first chart, what time range does the Volume profile on the right extreme cover? Looks like the volume profile on the left is for the prior day, correct?
The LVN values you referenced come out of the right hand side VP. It that is the current day's VP then I am surprised to see these LVNs behave that nice.
for this superb explanation of your Vwap system along this thread !.
I use Vwap from some years ago and i agree with all the explanations you give.
I´m now testing your last Template for NT8 combining with my own setup, and as i also use NT Tradedectectors with BigBlocks i would like to ask you if you do too. I consider them very useful for testing the Offer / Demand of the institutions at the decision points of Vwap.
Sure, It's just the OrderFlow Trade Detector indicator included on the NT8 License.
It shows (Big) Trades based on Bid/Ask or Blocks. These trades are usual at the Vwap as the Algos uses it as their benchmark for closing trades at the committed operation price.