Volume Profile
Volume Profile is a vital tool that shows the most traded prices for a particular time period. It plots volume as a histogram on the price bar, so you can see the levels where you need them.
MultiCharts
Various combinations of volume and tick data
Display option determines the way you arrange the volume data or a group of ticks. There are several ways to show Volume Profile data in MultiCharts: Tick Count, Total Volume, Sell x Buy Volume, Delta option, Buy vs Sell Volume. For example, Total Volume displays ask + bid volume provided by a data source for every tick. If Buy vs Sell option is selected, it displays total volume value in each line and the line is colored in green/red (by default) depending on whether the ask volume is greater or smaller than bid volume. More info on how to set up Volume Profile Display is here.
Two ways to set up Volume Breakdown
There are two methods available in MultiCharts that specify how to differentiate Buy and Sell volume. You can choose either Ask Traded vs Bid Traded or Up Ticks vs Down Ticks option. Ask Traded vs Bid Traded method works compares the current tick price with the current Ask or Bid tick price. Up and Down Ticks breakdown uses the comparison of the current and the previous tick price.
Tick-based bid and ask volume
MultiCharts downloads historical trade, ask and bid ticks and locally transforms them into an accurate volume representation. Trade prices are compared to asks and bids to determining at which price the trade happened. IQFeed data feed, for example, sends accurate historical ask and bid information which ensures that Volume Profile is precise.
Choose the needed resolution
You can display a volume profile on a per-bar basis, for the session, or for the entire week – all depending on what you are trying to see. Note: when your chart is set to “1 week” or higher resolution, you can only use per-bar setting.
MultiCharts
Format Instrument
Volume Profile
Customize Volume Profile components
You can change to your liking the color, size and style of any component. For complete information about our Volume Profile, visit this Volume Profile page.
Volume Delta
Volume Delta helps you keep track of trades that were completed on ask or bid prices in real-time. It plots a series of boxes with volume displayed inside them.
MultiCharts
Setting up Volume Breakdown
There are two methods available in MultiCharts that specify how to differentiate Buy and Sell volume on Volume Delta charts. You can choose either Ask Traded vs Bid Traded or Up Ticks vs Down Ticks option. Ask Traded vs Bid Traded method works compares the current tick price with the current Ask or Bid tick price. Up and Down Ticks breakdown uses the comparison of the current and the previous tick price.
Arrange the volume data the way you want
Display option configures how volume is shown inside the box. One can set it up according to his or her requirements. There are tree methods available for MultiCharts users: Bid x Ask Volume, Total Volume or Delta (Ask – Bid Volume).
Volume Delta and Profile histogram styles
Volume Delta is traditionally shown in rectangular boxes with the color fill gradient ranging between red and green, depending on the volume values. Profile style (available when volume is shown as Delta) transforms the boxes into a histogram for easier perception of most active price levels.
Customize Colors, Sizes and Styles of the components
You can display a volume profile on a per-bar basis, for the session, or for the entire week – all depending on what you are trying to see. Note: when your chart is set to “1 week” or higher resolution, you can only use per-bar setting.
Volume Delta
Cumulative Delta
Knowing if there are more buyers or sellers at particular price can be an important indication of where the market is going. Cumulative delta plots the difference between asks and bids to give you that info.
MultiCharts
Customize Cumulative Delta charts
You can change to your liking the color, size and style of any component. For complete information about our Cumulative Delta, visit this Cumulative Delta page.
Histogram Style
Cumulative Delta charts use time for the X-axis and its own scale for the Y-axis. The histogram is a convenient way of visualizing how far from the central zero line the delta deviated.
Volume Breakdown
There are two methods available in MultiCharts that specify how to differentiate Buy and Sell volume on Cumulative Delta charts. You can choose either Ask Traded vs Bid Traded or Up Ticks vs Down Ticks option. Ask Traded vs Bid Traded method works compares the current tick price with the current Ask or Bid tick price. Up and Down Ticks breakdown uses the comparison of the current and the previous tick price.
Time Price Opportunity (TPO)
TPO is a flexible tool that analyzes the amount of trading activity for each level the market traded at, which makes it a great solution for determining where the most trading is occurring at any given time. Find technical details in this article.
MultiCharts
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12 Pre-Built Volume Indicators
MultiCharts has 12 indicators included to help visualize volume in different ways. TimePriceOpportunity is of special interest when working with 2 data series.
MultiCharts
List of Volume Indicators:
TimePriceOpportunity
Volume
Volume Average
Volume Breakout
Volume Down
Volume Gradient
Volume Oscillator
Volume Rate of Change
Volume Ratio
Volume Today
Volume Up
Volume Weighted Average Price