Rock Sexton
111 posts
msg #118705
- Ignore Rock Sexton |
3/22/2014 6:42:48 PM
One of the real game changers for my trading occurred when I discovered volume-by-price (aka "Volume Profile"). It represents how volume is distributed at each price level of the chart interval you're viewing. Basically a volume distribution curve and it acts as an important road map to discovering whether something is current trading at value or too far away from value. That is different than a volume histogram which only details volume by time.
Ex. http://i.imgur.com/ClIMPdJ.png
IMO charts are missing vital information about order flow without it. There are other retail charting services which offer it for viewing purposes (i.e. TC200, Stockcharts, etc), but I can't seem to find a service that allows one to actually screen for stocks based on volume profile parameters.
It would be a real game changer if you ask me. I'd be willing to pay a little more just to have it's availability. I hope one day you guys really consider offering it.
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