Original subtitles

And now we come to the last type of profile, the profile known as composite,

which can be configured in two ways, fixed and variable.

The fixed form can be found in TradingView as the anchored volume

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

Forecast and Measurement Tools.

Then the drop -down menu appears and we can find this tool at the bottom.

There is no general rule as to how much time the composite profile should cover.

You may want to consider the last week, the current week, the last month, or the

current month, or the current year.

This is necessarily a judgment call.

There is no one profile that is better than another, so it is up to the trader

to decide which one to work with.

It is recommended that these profiles cover enough price action both above and

below the current price to be able to identify key trading areas, primarily

and low volume nodes.

What we need to do, is to manually select the start date, which is always

and automatically select the current time as the end date, so that the

is updated with each new bar that is generated.

This is not a very common type of profile, and those that are usually

profile to fixed time periods such as a week, a month, or the current year.

The profile in this example is anchored to the beginning of the current year.

As we can see, it shows us the areas of acceptance and rejection of all activity

generated in that time period.

I don't find this very useful, because from an objective point of view, why is

the negotiation that happened before the beginning of this period not relevant?

A month before, a week before, and even a day before, just because they are not

included in this period, are they no longer relevant?

From my point of view, this does not make much sense, and I prefer to use

types of profiles.

and the variable form of this type of composite profile is identified in

View as the Visible Range Volume Profile.

The variable mode has an important peculiarity. It shows the traded volume

all price levels currently on the chart.

It is important to take this into account because if you move the chart,

profile will change.

To add to it, click on the Indicators tab in the top menu. Type the name of

indicator in the search engine, which is Visible Range Volume Profile, and click

on it to add it to the chart.

This type of profile shows the volume distribution according to the price

of all the price action available on the chart.

For example, the profile of this chart corresponds to all the price action we

are observing, from the extreme left to the current extreme right.

This means that if we move the chart, if we zoom in or out, the profile will

also change.

The profile is always recalculated and adapted to what we are observing at that

moment.

This is the same chart and time frame as the previous one, except that we have

zoomed in and included more price action.

If you notice, the highlighted box represents the chart from the previous

And because we have zoomed in, the profile is changed to accommodate all

trades that are included.

It's very simple and intuitive to understand.

I recommend that you do some tests yourself to get a better understanding.

The advantage of this type of profile is that it is very dynamic and allows us

to see the most important trading areas at a glance without having to start a

profile manually.

The best use of this type of profile, regardless of the time frame in which we

are trading, is to analyze the overall context, determine the market bias, and

identify the trading zones we have both above and below the current price.

It is especially useful in long -term analysis where a large number of bars

being observed.

as is the case in this chart.

Given the current position of the price, if it starts a new upward impulse, it

will most likely go to the high volume node that we can identify at the top.

Thanks to this type of profile, we can very quickly identify these types of

zones in a longer term context.

Similarly, if a distribution is generated that causes the price to fall,

most likely go to visit the most immediate node that is below the current

and so on.

the price could move up and down between different value zones.

This would be an example of using this type of profile.

Another use could be to identify a large low volume node and favor it to develop

a false breakout or trap type behavior that could set up a trading opportunity.

Let's say we are currently on this chart.

Since we have identified a low volume node just below the last lateralization,

We could set up the scenario of waiting for a move towards this area and in case

it is violently rejected, as we have seen that can happen when the price

interacts with the rejection zones.

It would be interesting to assess the possibility of generating an imbalance

being able to enter the market.