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Volume Profile

785 bytes added, 15:32, 17 August 2021
===Using Volume Profile===
 
Volume Profile can be turned on/off from the '''Format Instruments''' window:
# Select the '''Volume Profile''' tab.
# Check the '''Show Volume Profile''' check box to turn Volume Profile on/off. The '''Show Volume Profile''' check box is unchecked by default.
 
===General===
# 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:
#** 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 trade''' data from your data source for the specified in chart settings data range, if '''Up Ticks vs Down Ticks''' is selected. </div>
#* '''Ask Traded vs Bid Traded''' 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>
#Select '''Build from''' to choose the type of data for the Volume Profile: <div style="background-color#*If '''Ticks''' is selected: #E3FBE5;">*:- For '''Breakdown by'''= ''Note'Ask Traded vs Bid Traded'': 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 the data source for the selected data range irrespective of the chart resolution to build the Volume Profile.#*:- For '''Breakdown by''' = '''Up Ticks vs Down Ticks''' MultiCharts will request '''historical tick trade''' data from the data source for the specified selected data range irrespective of the chart resolution to build the Volume Profile.#*'''Minutes''' option is available if the basic resolution in chart settings is larger than one minute.#*:- If '''Minutes''' is selected, MultiCharts will request '''historical minute trade''' data from the data source for the for the selected data range, irrespective of the chart resolution to build the Volume Profile.#*'''Days''' option is available if the basic resolution in chart settings is larger than one day. <div style="background-color: #E3FBE5;">'''Note''': '''Minutes''' and '''Days''' options are not available if '''Breakdown by''' = '''Ask Traded vs Bid Traded''' is selected. </div>
# Adjust '''Ticks per Row''' value (set to 1 by default) to change the the amount of minimum price increments (set in [[Setting Properties#Editing a new symbol properties|QuoteManager by Price Scale and Min. Movement]] covered by each line of Volume Profile.
# ===Time===Select 1 of 3 4 available '''Time''' parameters for the Volume Profile to be shown:#* If '''Last''' option is selected, it shows Volume Profile for a the specified:#** Number of last '''Bars''';or#*Number of last '''Sessions'''; or#* Number of last '''SessionsWeeks'''.<div style="background-color: #E3FBE5;">'''Note''': In comparison to '''Every''', the starting point for '''Last''' is the current/latest bar on chart. Volume profile will not cover a period more than the specified [[Data Range]] in chart settings.</div>#* If '''Every''' option is selected, it shows Volume Profile for a specified:#** Number Every specified number of every '''Bars''';or#*Every specified number of '''Sessions'''; or#* Number Every specified number of every '''SessionsWeeks'''.<div style="background-color: #E3FBE5;">'''Note''': In comparison to '''Last''', the starting point for '''Every''' is the first bar on chart. Volume profile will not cover a period more than the specified [[Data Range]] in chart settings.</div>#* If '''Start ... End ...''' option is selected, it shows Volume Profile for a specified period of time according to your regional settings.<div style="background-color: #E5F6FF;">'''Example''': Show volume Profile from ''dd/mm/yy hh:mm:ss'' to ''dd/mm/yy hh:mm:ss''.</div># Two If '''AlignmentStart ... Bars ...''' option is selected, '''Start''' stands for the begging and '''Bars''' modes are availablestands for the duration of the Volume Profile. === Style===This section allows to adjust the color, size and style of the Volume Profile components. === Appearance ===Adjust additional settings according to your preferences:#* To show Volume Profile from the '''RightAlways show entire number''';turns off K and M abbreviations.<br>#* To show '''Display above price bars''' puts the Volume Profile in front and the bars in the background. By default the Volume Profile from is in the background.<br>#'''LeftAlignment'''displays the Volume Profile along the right or left border.# It is possible to adjust the '''TransparencyPosition''' determines the location of the Volume Profileif Time is set to Every 1 Bar.<div style="background-color: #E3FBE5;">'''NoteTransparency''': regulates the transparency of the volume profile. Though the Volume Profile transparency can be set to 1000%, one can will still be able to see the bars of plotted chart the symboldata series. This That is because be by default Volume Profile is shown in the background and the data series is stays on the foreground.</divbr># It is possible to adjust the '''Width''' regulates the width of the Volume Profile.
#* If '''Last''' is selected in '''Time''' section, the 100% of '''Width''' is 100% of visual chart space.
#* If '''Every''' is selected in '''Time''' section, the 100% of '''Width''' is 100% of space allocated for specified number of bars/sessions.
#* If '''Start ... End ...''' is selected in '''Time''' section, the 100% of '''Width''' is 100% of space allocated for specified time period.
# It is possible to adjust the '''Value Areaarea''' of the Volume Profile. Value Area is determines the area (specified in %) of the most traded volume of the profile (100%).# <br>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. <br>
<br>
====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]],
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]]

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