1 00:00:00,270 --> 00:00:03,150 Let's continue with the fixed range volume profile. 2 00:00:03,470 --> 00:00:07,050 This is a type of profile that we use a lot as we will see below. 3 00:00:07,690 --> 00:00:12,250 The fixed range volume profile is very versatile because it allows us to 4 00:00:12,250 --> 00:00:15,330 manually draw profiles on any particular price action. 5 00:00:15,810 --> 00:00:20,470 Unlike the other types of profiles, the fixed range is not updated and only 6 00:00:20,470 --> 00:00:22,890 analyzes the volume traded in the range you define. 7 00:00:23,510 --> 00:00:28,480 To access it, We simply go to the side menu on the left and select the item 8 00:00:28,480 --> 00:00:32,659 Forecast and Measurement Tools, and then the drop -down menu appears and we can 9 00:00:32,659 --> 00:00:33,820 find this tool at the bottom. 10 00:00:34,400 --> 00:00:37,400 What we are going to do is draw the profile manually. 11 00:00:37,980 --> 00:00:42,080 This type of profile will appear on the chart as soon as we make two clicks, 12 00:00:42,260 --> 00:00:47,020 where the first click is to set the chart date and the second click is to 13 00:00:47,020 --> 00:00:48,020 the end date. 14 00:00:48,580 --> 00:00:51,140 This is the configuration I recommend for use. 15 00:00:51,380 --> 00:00:52,900 It does not have many options. 16 00:00:53,480 --> 00:00:56,360 We will set the row layout cell to number of rows. 17 00:00:56,760 --> 00:01:01,320 The row size should be a high number. The more, the more detail we will have. 18 00:01:01,880 --> 00:01:06,720 This is important because many analysts who use the volume profile do so with a 19 00:01:06,720 --> 00:01:07,720 very large row size. 20 00:01:08,200 --> 00:01:12,300 This does not make sense because it does not give us the detail of the zones and 21 00:01:12,300 --> 00:01:17,120 levels. For the volume, we will select total and for the value area, we will 22 00:01:17,120 --> 00:01:18,120 leave it at 70. 23 00:01:18,360 --> 00:01:20,480 The style tab is less important. 24 00:01:20,950 --> 00:01:24,270 as it simply allows us to change the way the indicator is displayed. 25 00:01:24,850 --> 00:01:28,030 However, it is important that these inputs are enabled. 26 00:01:28,930 --> 00:01:31,090 Here we see the importance of row size. 27 00:01:31,570 --> 00:01:36,310 In the chart on the left it is set with a parameter of 5, while in the chart on 28 00:01:36,310 --> 00:01:38,350 the right it is set with a parameter of 200. 29 00:01:39,250 --> 00:01:43,250 What this input does is to group the volume according to the setting of this 30 00:01:43,250 --> 00:01:47,610 parameter. Therefore, what we are interested in is that there are as many 31 00:01:47,610 --> 00:01:49,890 horizontal lines as there are price levels. 32 00:01:50,300 --> 00:01:52,000 so that we can see all the details. 33 00:01:52,280 --> 00:01:56,740 This is very important because a wrong configuration will identify wrong or 34 00:01:56,740 --> 00:02:00,200 inaccurate levels and can be vital for our analysis in trading. 35 00:02:00,940 --> 00:02:05,600 The fixed range volume profile is particularly useful for identifying 36 00:02:05,600 --> 00:02:09,919 zones in two types of contexts, trading movements and sideways ranges. 37 00:02:10,259 --> 00:02:12,100 Here is an example of trading movements. 38 00:02:12,800 --> 00:02:16,900 When we see a bullish impulse, we can run a profile of the entire move to 39 00:02:16,900 --> 00:02:20,700 identify interesting zones where the price is likely to make a bearish 40 00:02:21,180 --> 00:02:24,900 It is in these trading zones that we want to be prepared to evaluate the 41 00:02:24,900 --> 00:02:27,060 possibility of entering on the trend movement. 42 00:02:27,960 --> 00:02:32,160 In this example, we can see how the price, after completing the upward 43 00:02:32,320 --> 00:02:37,300 makes a test on the VAH of the entire impulse, and from there it generates a 44 00:02:37,300 --> 00:02:40,020 turn that causes the development of a new upward movement. 45 00:02:40,560 --> 00:02:44,680 This is exactly the level where we want to wait for the price to try to join the 46 00:02:44,680 --> 00:02:45,900 prevailing upward movement. 47 00:02:46,600 --> 00:02:51,460 If what we have is the context of lateralization, an equilibrium zone, the 48 00:02:51,460 --> 00:02:56,120 profile will be very useful to identify where the VPOC is that determines the 49 00:02:56,120 --> 00:03:01,060 control of the market and the value zone with its extremes, VAH and VAL. 50 00:03:02,000 --> 00:03:06,120 These will be very interesting to take into account when looking for different 51 00:03:06,120 --> 00:03:07,120 trading opportunities. 52 00:03:07,580 --> 00:03:09,940 In this example, we have a sideways zone. 53 00:03:10,320 --> 00:03:15,260 Later, we will learn how to start this type of profile precisely, as it is 54 00:03:15,260 --> 00:03:18,840 something that usually causes many problems for traders who use the volume 55 00:03:18,840 --> 00:03:23,960 profile. Now, what is the purpose of drawing this profile in a sideways area? 56 00:03:24,300 --> 00:03:28,420 Well, to identify the trading levels that we will take into account when the 57 00:03:28,420 --> 00:03:32,620 breakout of the range occurs, with the aim of joining the trend movement that 58 00:03:32,620 --> 00:03:33,680 has originated in it. 59 00:03:34,120 --> 00:03:38,760 In this case, we see that the price breaks through the upper part. At this 60 00:03:38,760 --> 00:03:43,360 moment, We have already identified the trading levels and our task as traders 61 00:03:43,360 --> 00:03:47,060 to wait for the price to visit them in order to look for the appearance of our 62 00:03:47,060 --> 00:03:48,080 entry trigger on them. 63 00:03:48,660 --> 00:03:52,940 In the case of a bullish breakout, the levels we will take into account are the 64 00:03:52,940 --> 00:03:56,920 value area high in the first place and the VPOC in the second. 65 00:03:57,420 --> 00:04:02,720 We do not know above which level we will have our entry signal, if any, but our 66 00:04:02,720 --> 00:04:04,440 task is to have both identified. 67 00:04:05,290 --> 00:04:09,390 In this example, the price develops a test to the confluence area that was 68 00:04:09,390 --> 00:04:13,710 created with these two levels, with the VAH and with the VPOC. 69 00:04:14,550 --> 00:04:18,850 Just when this area is reached, a rejection occurs, which could be an 70 00:04:18,850 --> 00:04:20,670 opportunity to enter the market to buy. 71 00:04:21,550 --> 00:04:26,270 Later, in the section on the use of volume profiles, we will see more 72 00:04:26,270 --> 00:04:29,070 of the use of volume profiles in these contexts.