Volume Profiler

Volume At Price

AlgoBox™ Volume Profiler tracks trading volume at different price levels, helping you identify key support and resistance zones.

AlgoBox™ Volume Profiler shows volume at price distribution.

Example Of The Volume Profiler

Below is an example of the Volume Profiler in action, illustrating how volume is distributed across various price levels.

AlgoBox™ Volume Profiler on AlgoBars displays volume traded across different price levels.

Example Of Caves & Nodes

The "Cave" of volume profile is a low trading volume zone, often highlighting potential entry points when the price reaches this area. It may signal a possible reversal, making it a key zone to watch for trade opportunities.

Using the Horizontal Line drawing tool, the white line marks the Cave on the chart, highlighting the lowest volume area identified on the Volume Profiler.

The "Node" in the volume profiler represents the area with the highest trading volume, often serving as a potential zone for targets.

Using the Horizontal Line drawing tool, the white line marks the Node on the chart, highlighting the Highest volume area identified on the Volume Profiler.

Below is an example of the Volume Profiler marker on the chart, showing the exact price and time where the Volume Profiler was applied and began its data analysis.

The blue dot indicates where and when the Volume Profiler began plotting on the chart.

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Volume Profiler Settings

The Volume Profiler offers a variety of customizable settings, allowing you to adjust them according to your preferences. Default AlgoBox™ settings are shown.

1. Calculations

Allows you to control how frequently the Volume Profiler indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.

Calc Override: Default setting is unchecked. Check this setting to customize and utilize Calc Interval.

Calc Interval: Set your custom desired calculation interval. The smaller the number, the more frequently the indicator will recalculate, which increases processing load on your system's CPU. The default setting of 1000 is in milliseconds, which is equal to 1 second. If you wanted the Volume Profiler to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.

2. Colors

Sell Color: You can customize the color of the Sell volume bars to fit your preferences.

Neutral Color: You can customize the color of the Neutral volume bars to fit your preferences.

Buy Color: You can customize the color of the Buy volume bars to fit your preferences.

3. Parameters

Bar Spacing: Adjust the spacing between volume bars to fit your preferences.

Transparency: Adjust the visibility of the volume bars on your chart to your preference.

4. Data Series

Displays the current chart instrument, contract date and configurations applied.

Input Series: This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.

5. Setup

Allows you to add a label, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.

On Price Change: Updates the indicator only when there is a change in the instrument's price.

On Bar Close: Updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.

On Each Tick: Updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This setting increases CPU processing load.

6. Visual

Allows you to customize button colors, adjust the button placement, and modify the font type and size to suit your preferences. The Visual Settings shown are default settings which usually do not need to be changed unless specified in release notes or instructional video, live stream or on Discord etc. Auto scale is recommended to be unchecked.

Auto Scale: Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.

Displacement: Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.

Display in Data Box: Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.

Panel: Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.

Price Markers: Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.

Scale Justification: Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.

Visible: Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.

All settings displayed in the settings image are the current default configurations provided by NinjaTrader and/or the AlgoBox™ Pro software, and may change at any time in future software updates without notice.

Video Tutorials: Volume Profiler

WATCH: This short video explains the custom Volume Profiler indicator and how to use it.

Video Tutorial: How To Use Caves & Nodes

WATCH: Vinny E. Mini teaches how HE likes to use the Volume Profiler in this compilation video.

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Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.

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