Original subtitles

To start with, we start with the weekly

volume profile. Now the weekly volume

profile is what we refer to as our higher

time frame level. So performing a sort of

top-down analysis, this is the first

profile and the first set of value levels

you want to have on your chart at the

beginning of every new week. So what we do

is at the start of each trading week, you

want to have the previous week's value

levels on the chart that go all the way

through to Friday's close of our current

week. So that's the previous week's value

levels extended through until the very end

of the current week's developing market

through to Friday. So that previous week's

volume profile, the three levels we want

to have on the chart are the previous

week's value area high, PWVAH, previous

week's point of control, previous week's

value area low, PWVAL. So you can see on

the right here, this is the start. If this

is a Monday or going into a new week,

we'll show it on the chart shortly. But if

we're going into a new week, we're going

to have a big, massive profile drawn

across the previous week's price action.

And then we extend that previous week's

value high, point of control, and value

low across. And those will remain relevant

and something we refer to all the way

through to the close of this coming week's

Friday. So before we go into the charts to

show you how to draw it, the basic

instructions are at the beginning of a new

trading week, you draw a volume profile

from the previous week's Sunday open all

the way through to the previous week's

Friday 5pm Eastern Time close. And then

from that point, that volume profile

placed on the chart, you'll place a

horizontal line marking the previous

week's value high, point of control, value

low, extending them across until the end

of the current trading week. And these are

our higher timeframe levels. So let's go

over to trading view now and show you how

to mark this up and exactly how to do it

because there are a couple of things you

have to note when drawing volume profiles

even across larger timeframes in trading

view. So here we are, if this is the start

of a new week, so the week's already

developed, it's currently Thursday during

this week. So we can't start right from

the current day, we have to go back to

Monday as a hypothetical example. So this

was the start of the new week that's

currently in action, you can see I've

marked it with this vertical line here,

everything on the right hand side is the

new week. And this is the most recent

week's price action to the left. Now the

first thing you want to do is whenever

you're drawing a volume profile on trading

view, you need to make sure that you're on

the one minute timeframe. The way that

trading view calculates the volume profile

levels is a little bit different to other

platforms. So in order to get the closest

and most accurate levels, you're going to

need to do all your charting on the one

minute timeframe. Yes, even for the weekly

levels. So make sure you take note of this

before you draw any volume profile, before

you mark any levels on the chart, go to

your one minute chart. So what you're

going to do to draw this weekly profile is

the same as what we'd always do is grab

that fixed range volume profile. And we're

going to start that from the close. If you

look at the bottom x axis here, look right

up to 4.59pm, right? That's right on the

minute of the close of the previous week.

Start the volume profile there. And you're

going to drag this all the way back to the

Sunday open of that previous week. So

watch the days down below, remembering

we're on the one minute chart. And here we

go, Sunday, Eastern time, the market that

new week opened at 6pm. So right there,

Sunday, 6pm, and then click. That's going

to put a massive volume profile on your

chart. Now what you do from this point is

scroll that back forward to your current

weeks open. And you can see how those

levels, if you've set up your volume

profile, the way we showed at the start of

the course, those levels have been

extended right to the point in which that

volume profile ends. And we simply mark

these out, placing a horizontal ray at

each level. And then we label those. I

have a template saved for these. And I

typically mark these weekly levels out in

orange. So previous week's value area

high, previous week's point of control,

and previous week's value area low. So

those are our three weekly levels that we

keep on the chart all the way through

until Friday's close for this week. Once

Friday's close comes around, we can then

remove these levels and then start the new

weekly levels on the new Sunday open. And

again, yes, we've drawn out that profile

on the one minute chart. Now that we've

placed the levels on the chart, we can now

zip around to different timeframes,

whatever you prefer to look at for your

trading. I personally like to keep my

charts on the one minute timeframe as the

timeframe is not that important. But

you'll note that sometimes by zipping

around on the timeframes, the profile

itself might slightly change. But as long

as you have the levels marked on the chart

from the one minute timeframe, you can

assure that you have the most accurate

volume profile levels on the chart. So

this is the beginning of our story that we

start to build using the volume profile is

looking at the higher timeframe profile,

higher timeframe value levels, and placing

these on the chart. So remember to do this

at the start of every week, right on that

Sunday open, make sure you have the

previous week's value levels on the

charts. Now let's move on to the next

volume profile that you want to have on

your charts, which is our previous days

regular trading hour profile. Wow.