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Volume Profile

2,655 bytes added, 20:07, 26 October 2012
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===Understanding Volume Profile===
RESERVED SPACE
 
===Using Volume Profile===
 
Volume Profile can be turned on/off from the '''Format Instruments''' window:
 
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Volume Profile''' tab.
# Check the '''Show Volume Profile''' box to turn it off/on. Unchecked be default.
#
# Select '''Breakdown by''':
#* '''Ask Traded vs Bid Traded''' method:
#:* If the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume.
#:* If the current tick price is lower than the previous tick price, the volume of the current tick goes to SELL volume.
#:* If the current tick price is the same as the previous tick price, the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume.<br><div style="background-color: #E5F6FF;">'''Example''': If a new tick comes with higher than previous price and volume is recorded as BUY volume, and then another tick comes with the same as previous price, the volume is recorded also to BUY volume.</div>
#:* If a tick is first one in the series, its volume goes to BUY volume.
#: <div style="background-color: #E3FBE5;">'''Note''': When you plot Volume Delta chart, take into account that it doesn't matter what resolution is selected, additionally MultiCharts will request '''historical tick ask''' and '''bid''' data from your data source for the specified in chart settings data range, if '''Ask Traded vs Bid Traded''' is selected. </div>
#* '''Up Ticks vs Down Ticks''' method:
#:* If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume.
#:* If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume.
#:* If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume.<br><div style="background-color: #E5F6FF;">'''Example''': If a new tick comes with a price higher or equals current ASK tick price and its volume is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume.</div>
#: <div style="background-color: #E3FBE5;">'''Note''': When you plot Volume Delta chart, take into account that it doesn't matter what resolution is selected, additionally MultiCharts will request '''historical tick trade''' data from your data source for the specified in chart settings data range, if '''Up Ticks vs Down Ticks''' is selected. </div>

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