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===Understanding Volume Profile===
Volume Profile tracks trading activity volume across different price levels and varying time lengthlengths. It is an advanced chart attribute providing traders the opportunity to see the most traded volume areas, how much volume was traded on particular price levels lately recently or within a specified time period and divides total traded volume into BUY traded volume and SELL traded volume.
===Using Volume Profile===
# Check the '''Show Volume Profile''' check box to turn Volume Profile on/off. The '''Show Volume Profile''' check box is unchecked by default.
# Select one of the available '''Profiles''':
#* '''Tick Count'''. If this profile is selected, volume provided by the data source is not taken into account. Each tick volume equals to 1. Each line demonstrates the number of ticks traded on a specific price level colored in blue (by default). The following components are available for this volume profile style:
#** '''Volume Bar Color'''. Identical to '''Total Volume''', shows total ASK + BID '''ticks''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram or Invisible.
#** '''Up OC'''. Shows price movement within volume profile at its end as green bar if the openning price of the profile is lower than its closing price. Default color is dark green, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to Volume Shading.
#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Ticks, it can be changed to Invisible or to POC.
#** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.
#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Total Volume'''. If this profile is selected, it displays '''ask + bid''' volume provided by a data source for every tick. Each line demonstrates total volume traded on a specific price level and colored in blue (by default). The following components are available for this style of volume profile:
#** '''Total Volume'''. Shows total ASK + BID '''volume''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram, Invisible.
#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible or POC.
#** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.
#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.#* '''Buy x Sell Volume'''. If this profile is selected, it displays '''ask x bid''' volume provided by a data source for every tick. Depending on the ask and bid volume amounts each line is colored in green and red (by default) proportionally.<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, the displayed value is 3000 x 2000.</div>954934596
#** '''Buy Volume'''. Shows ASK volume traded on each price level.
#** '''Sell Volume'''. Shows BID volume traded on each price level.
#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta.
#** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.
#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Delta'''. If this profile is selected, it displays '''total volume''' value and '''ask - bid''' result as a part of the total volume in each line. If the ASK - BID result value is negative, it is colored in red, if the value is positive it is colored in green (by default).<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, their delta is 1000, so the 4/5 of the line is colored in blue and 1/5 of the line is green, meanwhile the displayed value is 5000 (Total Volume).</div>The following components are available for this style of volume profile:
#** '''Total Volume'''. Shows total ASK + BID '''volume''' traded on each price level. Default color is blue, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Volume Shading, it can be changed to Solid Blocks, HollowGram, Invisible.
#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta.
#** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.
#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
#* '''Buy vs Sell Volume'''. If this profile 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.<div style="background-color: #E5F6FF;">'''Example''': If the ASK volume is 3000 and BID volume is 2000, the ASK volume is greater than BID volume, the line is colored in green, however the displayed value is 5000 (Total Volume).</div>The following components are available for this style of volume profile:
#** '''Buy Volume'''. Shows ASK volume traded on each price level.
#** '''Display Text'''. Shows numeric values for each price level. Default color is white, it can be changed to any other color. Default size is 100, it can be decreased. Default style is Total Volume, it can be changed to Invisible, POC, Buy x Sell Volume or Delta.
#** '''Outline'''. Frames traded volume on specified price levels. Default color is yellow, it can be changed to any other color. Default size can be decreased or increased. Default style is Invisible, it can be changed to All Blocks or POC.
#** '''Price Volume Range'''. Shows highest and lowest price levels of traded volume per profile. Default color is yellow, it can be changed to any other color. Default size is 10, it can be decreased or increased. Default style is Extended, it can be changed to Volume Shading or Invisible.
# Select '''Breakdown by''':
#* '''Up Ticks vs Down Ticks''' method:
# Check '''Use As Default''' box to use your custom settings of volume profile as default ones.
# Check '''Display Above Price Bars''' to put volume profile in front and the bars in the background. By default the volume profile is in the background.
# Check '''Always Show Entire Number''' to turn off K and M abbreviations.
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====Displaying Multiple Volume Profiles====
Volume profile is a tool that can be enabled or disabled for a particular data series. 1 data series can have only 1 Volume Profile displayed, however it is possible to see multiple different Volume Profiles for the same instrument on 1 chart:
# [[Volume Profile#Using Volume profile|Create a chart with Volume Profile]],
# Click '''Ok''' to load second data series with another volume profile.
All the rest settings should be 100% identical to the original data series.
====Volume Profile Switch====
Since MultiCharts 8.7 beta 1 Volume Profile can be plotted on the chart with a single click on the '''Volume Profile Switch''' [[File:VPSwitch.png]]button located in the status line.
[[Category:Charts]]
