1 00:00:00,000 --> 00:00:01,866 So before we get started, we want to make 2 00:00:01,866 --> 00:00:04,033 sure that your TradingView tools are set 3 00:00:04,033 --> 00:00:06,300 up correctly. We use the Volume Profile in 4 00:00:06,300 --> 00:00:08,033 TradingView. It's one of the most 5 00:00:08,033 --> 00:00:10,266 accessible Volume Profile tools you can 6 00:00:10,266 --> 00:00:12,733 use. So what you're going to need is a 7 00:00:12,733 --> 00:00:15,366 TradingView Essential Plan. So it's not 8 00:00:15,366 --> 00:00:17,500 the free plan. If you use the free 9 00:00:17,500 --> 00:00:19,533 TradingView plan, you are not going to be 10 00:00:19,533 --> 00:00:22,266 able to access the Volume Profile. Trading 11 00:00:22,266 --> 00:00:24,600 is not a low-cost hobby or low-cost 12 00:00:24,600 --> 00:00:26,300 profession. So you need to expect a few 13 00:00:26,300 --> 00:00:28,333 running costs like this. But the good news 14 00:00:28,333 --> 00:00:30,733 is it's not very expensive. So you can get 15 00:00:30,733 --> 00:00:33,233 the TradingView Essential Plan, which is 16 00:00:33,233 --> 00:00:37,433 $16.95 USD per month as of 2025, which is 17 00:00:37,433 --> 00:00:39,033 when this is being recorded. So you want 18 00:00:39,033 --> 00:00:40,333 to go ahead and make sure you've got a 19 00:00:40,333 --> 00:00:42,300 TradingView account upgraded to the 20 00:00:42,300 --> 00:00:44,233 Essential Plan. And once you've set up a 21 00:00:44,233 --> 00:00:45,733 TradingView account, or if you've already 22 00:00:45,733 --> 00:00:47,533 got a TradingView account, you've 23 00:00:47,533 --> 00:00:49,066 subscribed to the TradingView Essential 24 00:00:49,066 --> 00:00:52,033 Plan, you will immediately have access to 25 00:00:52,033 --> 00:00:54,366 the Volume Profile tool within 26 00:00:54,366 --> 00:00:56,133 TradingView. So what we'll do now is we'll 27 00:00:56,133 --> 00:00:58,433 go over to TradingView and we'll make sure 28 00:00:58,433 --> 00:01:00,266 that we're all using the same settings. 29 00:01:00,266 --> 00:01:02,166 I'll show you the proper settings to use 30 00:01:02,166 --> 00:01:04,533 for the Volume Profile, as well as a few 31 00:01:04,533 --> 00:01:06,566 other important tweaks you need to make to 32 00:01:06,566 --> 00:01:08,733 be able to follow along with this program. 33 00:01:08,900 --> 00:01:10,766 So again, even if you've got this set up 34 00:01:10,766 --> 00:01:12,833 to how you think it should be set up, make 35 00:01:12,833 --> 00:01:15,166 sure you watch this next step to ensure 36 00:01:15,166 --> 00:01:17,100 that we're trading with the same settings 37 00:01:17,100 --> 00:01:19,466 and the same parameters moving forward. So 38 00:01:19,466 --> 00:01:21,600 here we are in TradingView. Before we set 39 00:01:21,600 --> 00:01:23,466 up the Volume Profile itself, the first 40 00:01:23,466 --> 00:01:25,266 thing you're going to need to do in order 41 00:01:25,266 --> 00:01:27,033 to follow along with the course is down in 42 00:01:27,033 --> 00:01:29,033 the bottom right corner here, we have the 43 00:01:29,033 --> 00:01:31,533 Time Zone. Click that and make sure you're 44 00:01:31,533 --> 00:01:33,866 always set to New York Local Time. No 45 00:01:33,866 --> 00:01:35,466 matter where you are in the world, I live 46 00:01:35,466 --> 00:01:37,900 in New Zealand, but I trade also using New 47 00:01:37,900 --> 00:01:39,666 York Local Time. The reason being is that 48 00:01:39,666 --> 00:01:41,466 the regular trading hours of the main 49 00:01:41,466 --> 00:01:43,766 highest volume session is the New York 50 00:01:43,766 --> 00:01:45,733 session. So we refer to everything 51 00:01:45,733 --> 00:01:48,033 relative to the New York session. So make 52 00:01:48,033 --> 00:01:49,733 sure this is very important that you've 53 00:01:49,733 --> 00:01:51,766 set your Time Zone to New York. And then 54 00:01:51,766 --> 00:01:53,666 secondly, to set up your Volume Profile, 55 00:01:53,666 --> 00:01:55,266 you can see I've got the Volume Profile 56 00:01:55,266 --> 00:01:57,533 tool set as a favorite in my toolbar here. 57 00:01:57,700 --> 00:01:59,933 But to find the Volume Profile for the 58 00:01:59,933 --> 00:02:02,266 first time, you come to the sidebar here 59 00:02:02,266 --> 00:02:06,400 on TradingView and you go 1, 2, 3, 4, 5, 60 00:02:06,566 --> 00:02:09,133 the fifth tool down. On the left, you 61 00:02:09,133 --> 00:02:11,533 click the little extension button here and 62 00:02:11,533 --> 00:02:13,466 you scroll down to Volume Based Tools and 63 00:02:13,466 --> 00:02:15,900 you can see Fixed Range Volume Profile. 64 00:02:15,900 --> 00:02:17,666 That is the volume profile we'll be using 65 00:02:17,666 --> 00:02:20,266 in this course. So it's a good idea to 66 00:02:20,266 --> 00:02:22,166 star that tool and add it to your 67 00:02:22,166 --> 00:02:23,833 favorites. That way it shows up in your 68 00:02:23,833 --> 00:02:25,933 toolbar here and makes it easier to 69 00:02:25,933 --> 00:02:28,033 access. But go ahead and click that Volume 70 00:02:28,033 --> 00:02:30,533 Profile and then just draw a random range 71 00:02:30,533 --> 00:02:31,633 for now. You're going to click in one 72 00:02:31,633 --> 00:02:33,900 spot, drag it across, then place it on the 73 00:02:33,900 --> 00:02:35,466 chart. Yours will look different to this 74 00:02:35,466 --> 00:02:37,833 first time around. So to get your Volume 75 00:02:37,833 --> 00:02:39,633 Profile to look like this, which is how we 76 00:02:39,633 --> 00:02:41,733 use it in this course, is double click it. 77 00:02:42,400 --> 00:02:44,933 It'll open up the settings here and you're 78 00:02:44,933 --> 00:02:46,400 going to want to make sure your settings 79 00:02:46,400 --> 00:02:49,333 are exactly like I have mine here. So Rows 80 00:02:49,333 --> 00:02:51,866 Layout, Number of Rows, Row Size 1000, 81 00:02:52,666 --> 00:02:55,466 Volume Up Down, Value Area Volume 70. 82 00:02:55,666 --> 00:02:57,566 Right then under Style, you can change the 83 00:02:57,566 --> 00:02:59,633 style, the colors don't really matter. So 84 00:02:59,633 --> 00:03:01,000 you can have your colors, whatever you 85 00:03:01,000 --> 00:03:02,966 prefer. I just like to have my profile all 86 00:03:02,966 --> 00:03:04,566 in green and then make sure you have the 87 00:03:04,566 --> 00:03:09,333 Valley Area High, VAH, VAL and POC have 88 00:03:09,333 --> 00:03:11,566 these three boxes checked and the other 89 00:03:11,566 --> 00:03:14,533 two boxes unchecked and then hit OK. So 90 00:03:14,533 --> 00:03:16,166 now your Volume Profile should look like 91 00:03:16,166 --> 00:03:17,966 mine. Your time zone should be set to New 92 00:03:17,966 --> 00:03:19,600 York Local Time. Once you've done that, 93 00:03:19,666 --> 00:03:22,266 you're ready to move on to the next step. 94 00:03:22,533 --> 00:03:24,300 Again, make sure your settings are exactly 95 00:03:24,300 --> 00:03:26,266 like I've shown you here and go ahead and 96 00:03:26,266 --> 00:03:27,900 move on to the next lesson.