1 00:00:00,270 --> 00:00:04,650 And now we come to the last type of profile, the profile known as composite, 2 00:00:04,990 --> 00:00:08,310 which can be configured in two ways, fixed and variable. 3 00:00:09,010 --> 00:00:13,150 The fixed form can be found in TradingView as the anchored volume 4 00:00:13,770 --> 00:00:18,310 To access it, we simply go to the side menu on the left and select the item 5 00:00:18,310 --> 00:00:19,790 Forecast and Measurement Tools. 6 00:00:20,250 --> 00:00:24,390 Then the drop -down menu appears and we can find this tool at the bottom. 7 00:00:24,890 --> 00:00:29,090 There is no general rule as to how much time the composite profile should cover. 8 00:00:29,600 --> 00:00:33,980 You may want to consider the last week, the current week, the last month, or the 9 00:00:33,980 --> 00:00:35,820 current month, or the current year. 10 00:00:36,400 --> 00:00:38,580 This is necessarily a judgment call. 11 00:00:39,120 --> 00:00:43,500 There is no one profile that is better than another, so it is up to the trader 12 00:00:43,500 --> 00:00:45,200 to decide which one to work with. 13 00:00:45,740 --> 00:00:50,520 It is recommended that these profiles cover enough price action both above and 14 00:00:50,520 --> 00:00:55,680 below the current price to be able to identify key trading areas, primarily 15 00:00:55,680 --> 00:00:56,840 and low volume nodes. 16 00:00:57,840 --> 00:01:03,020 What we need to do, is to manually select the start date, which is always 17 00:01:03,020 --> 00:01:07,480 and automatically select the current time as the end date, so that the 18 00:01:07,480 --> 00:01:10,160 is updated with each new bar that is generated. 19 00:01:10,840 --> 00:01:15,680 This is not a very common type of profile, and those that are usually 20 00:01:15,680 --> 00:01:19,700 profile to fixed time periods such as a week, a month, or the current year. 21 00:01:20,540 --> 00:01:24,280 The profile in this example is anchored to the beginning of the current year. 22 00:01:24,640 --> 00:01:29,790 As we can see, it shows us the areas of acceptance and rejection of all activity 23 00:01:29,790 --> 00:01:31,530 generated in that time period. 24 00:01:32,190 --> 00:01:37,070 I don't find this very useful, because from an objective point of view, why is 25 00:01:37,070 --> 00:01:40,950 the negotiation that happened before the beginning of this period not relevant? 26 00:01:41,410 --> 00:01:46,530 A month before, a week before, and even a day before, just because they are not 27 00:01:46,530 --> 00:01:49,070 included in this period, are they no longer relevant? 28 00:01:49,630 --> 00:01:54,430 From my point of view, this does not make much sense, and I prefer to use 29 00:01:54,430 --> 00:01:55,430 types of profiles. 30 00:01:56,300 --> 00:02:00,700 and the variable form of this type of composite profile is identified in 31 00:02:00,700 --> 00:02:02,900 View as the Visible Range Volume Profile. 32 00:02:03,400 --> 00:02:08,220 The variable mode has an important peculiarity. It shows the traded volume 33 00:02:08,220 --> 00:02:10,000 all price levels currently on the chart. 34 00:02:10,440 --> 00:02:14,420 It is important to take this into account because if you move the chart, 35 00:02:14,420 --> 00:02:15,420 profile will change. 36 00:02:15,860 --> 00:02:20,800 To add to it, click on the Indicators tab in the top menu. Type the name of 37 00:02:20,800 --> 00:02:24,980 indicator in the search engine, which is Visible Range Volume Profile, and click 38 00:02:24,980 --> 00:02:26,260 on it to add it to the chart. 39 00:02:27,040 --> 00:02:30,920 This type of profile shows the volume distribution according to the price 40 00:02:30,920 --> 00:02:33,060 of all the price action available on the chart. 41 00:02:33,460 --> 00:02:37,920 For example, the profile of this chart corresponds to all the price action we 42 00:02:37,920 --> 00:02:41,340 are observing, from the extreme left to the current extreme right. 43 00:02:41,720 --> 00:02:46,080 This means that if we move the chart, if we zoom in or out, the profile will 44 00:02:46,080 --> 00:02:47,079 also change. 45 00:02:47,080 --> 00:02:51,640 The profile is always recalculated and adapted to what we are observing at that 46 00:02:51,640 --> 00:02:52,640 moment. 47 00:02:52,880 --> 00:02:56,860 This is the same chart and time frame as the previous one, except that we have 48 00:02:56,860 --> 00:02:59,120 zoomed in and included more price action. 49 00:02:59,520 --> 00:03:03,660 If you notice, the highlighted box represents the chart from the previous 50 00:03:03,980 --> 00:03:08,100 And because we have zoomed in, the profile is changed to accommodate all 51 00:03:08,100 --> 00:03:09,160 trades that are included. 52 00:03:09,700 --> 00:03:11,960 It's very simple and intuitive to understand. 53 00:03:12,420 --> 00:03:16,300 I recommend that you do some tests yourself to get a better understanding. 54 00:03:17,320 --> 00:03:21,820 The advantage of this type of profile is that it is very dynamic and allows us 55 00:03:21,820 --> 00:03:25,540 to see the most important trading areas at a glance without having to start a 56 00:03:25,540 --> 00:03:26,540 profile manually. 57 00:03:26,980 --> 00:03:31,140 The best use of this type of profile, regardless of the time frame in which we 58 00:03:31,140 --> 00:03:36,160 are trading, is to analyze the overall context, determine the market bias, and 59 00:03:36,160 --> 00:03:39,880 identify the trading zones we have both above and below the current price. 60 00:03:40,480 --> 00:03:45,000 It is especially useful in long -term analysis where a large number of bars 61 00:03:45,000 --> 00:03:46,000 being observed. 62 00:03:46,080 --> 00:03:47,660 as is the case in this chart. 63 00:03:48,340 --> 00:03:53,060 Given the current position of the price, if it starts a new upward impulse, it 64 00:03:53,060 --> 00:03:56,680 will most likely go to the high volume node that we can identify at the top. 65 00:03:57,360 --> 00:04:01,620 Thanks to this type of profile, we can very quickly identify these types of 66 00:04:01,620 --> 00:04:03,300 zones in a longer term context. 67 00:04:04,100 --> 00:04:08,700 Similarly, if a distribution is generated that causes the price to fall, 68 00:04:08,700 --> 00:04:12,800 most likely go to visit the most immediate node that is below the current 69 00:04:12,920 --> 00:04:14,080 and so on. 70 00:04:14,360 --> 00:04:17,440 the price could move up and down between different value zones. 71 00:04:17,760 --> 00:04:20,740 This would be an example of using this type of profile. 72 00:04:21,800 --> 00:04:26,760 Another use could be to identify a large low volume node and favor it to develop 73 00:04:26,760 --> 00:04:30,720 a false breakout or trap type behavior that could set up a trading opportunity. 74 00:04:31,760 --> 00:04:33,720 Let's say we are currently on this chart. 75 00:04:34,120 --> 00:04:38,300 Since we have identified a low volume node just below the last lateralization, 76 00:04:38,830 --> 00:04:42,990 We could set up the scenario of waiting for a move towards this area and in case 77 00:04:42,990 --> 00:04:47,150 it is violently rejected, as we have seen that can happen when the price 78 00:04:47,150 --> 00:04:48,750 interacts with the rejection zones. 79 00:04:49,370 --> 00:04:53,690 It would be interesting to assess the possibility of generating an imbalance 80 00:04:53,690 --> 00:04:55,190 being able to enter the market.