All language subtitles for 2. Fixed range profile

Let's continue with the fixed range
volume profile.

This is a type of profile that we use a
lot as we will see below.

The fixed range volume profile is very
versatile because it allows us to

manually draw profiles on any particular
price action.

Unlike the other types of profiles, the
fixed range is not updated and only

analyzes the volume traded in the range
you define.

To access it, We simply go to the side
menu on the left and select the item

Forecast and Measurement Tools, and then
the drop -down menu appears and we can

find this tool at the bottom.

What we are going to do is draw the
profile manually.

This type of profile will appear on the
chart as soon as we make two clicks,

where the first click is to set the
chart date and the second click is to

the end date.

This is the configuration I recommend
for use.

It does not have many options.

We will set the row layout cell to
number of rows.

The row size should be a high number.
The more, the more detail we will have.

This is important because many analysts
who use the volume profile do so with a

very large row size.

This does not make sense because it does
not give us the detail of the zones and

levels. For the volume, we will select
total and for the value area, we will

leave it at 70.

The style tab is less important.

as it simply allows us to change the way
the indicator is displayed.

However, it is important that these
inputs are enabled.

Here we see the importance of row size.

In the chart on the left it is set with
a parameter of 5, while in the chart on

the right it is set with a parameter of
200.

What this input does is to group the
volume according to the setting of this

parameter. Therefore, what we are
interested in is that there are as many

horizontal lines as there are price
levels.

so that we can see all the details.

This is very important because a wrong
configuration will identify wrong or

inaccurate levels and can be vital for
our analysis in trading.

The fixed range volume profile is
particularly useful for identifying

zones in two types of contexts, trading
movements and sideways ranges.

Here is an example of trading movements.

When we see a bullish impulse, we can
run a profile of the entire move to

identify interesting zones where the
price is likely to make a bearish

It is in these trading zones that we
want to be prepared to evaluate the

possibility of entering on the trend
movement.

In this example, we can see how the
price, after completing the upward

makes a test on the VAH of the entire
impulse, and from there it generates a

turn that causes the development of a
new upward movement.

This is exactly the level where we want
to wait for the price to try to join the

prevailing upward movement.

If what we have is the context of
lateralization, an equilibrium zone, the

profile will be very useful to identify
where the VPOC is that determines the

control of the market and the value zone
with its extremes, VAH and VAL.

These will be very interesting to take
into account when looking for different

trading opportunities.

In this example, we have a sideways
zone.

Later, we will learn how to start this
type of profile precisely, as it is

something that usually causes many
problems for traders who use the volume

profile. Now, what is the purpose of
drawing this profile in a sideways area?

Well, to identify the trading levels
that we will take into account when the

breakout of the range occurs, with the
aim of joining the trend movement that

has originated in it.

In this case, we see that the price
breaks through the upper part. At this

moment, We have already identified the
trading levels and our task as traders

to wait for the price to visit them in
order to look for the appearance of our

entry trigger on them.

In the case of a bullish breakout, the
levels we will take into account are the

value area high in the first place and
the VPOC in the second.

We do not know above which level we will
have our entry signal, if any, but our

task is to have both identified.

In this example, the price develops a
test to the confluence area that was

created with these two levels, with the
VAH and with the VPOC.

Just when this area is reached, a
rejection occurs, which could be an

opportunity to enter the market to buy.

Later, in the section on the use of
volume profiles, we will see more

of the use of volume profiles in these
contexts.