Volume Pro

Data Type

Data Type

Data Type allows to choose from different sources of data:

  • Buys – Will display only trades that occur at the ask or above
  • Sells – Will display only trades that occur at the bid and below
  • Delta – Will display the buys minus the sells that occurred at that price level.
  • Total – This will display both buys and sells, this will be your regular volume profile.
Trading hours

Trading hours will let you set the session for the profile to display.

Filter

Filter Mode

Filter Mode is a very useful and advanced setting. You can spot price levels that were traded by large lot traders, small trades and much more. Filter mode inherits the value from Filter Value. This setting allows you to apply several times of filter conditions:

  • Equal – Display volume that is equal to the Filter Value. Useful if you are tracking a particular quantity of volume traded.
  • Does Not Equal – Displays volume were the trades do not match the value of Filter Value. Useful if you do not want to see one lot trades, for example.
  • Less Than – Filters the volume that is lower than the specified Filter Value. Useful to see the activity of small trades.
  • Less Than or Equal– Expands the previous Filter Mode allowing you to include the value specified in the Filter Value.
  • Greater Than – Display volumes that are above the Filter Value. This is a common setting among volume profile. Allows you to spot the large traded quantities and price levels that traded heavily.
  • Greater Than or Equal – expands the previous Filter Mode, allowing you to include the value set on Filter Value option. Like the previous Filter Mode, this setting allows for an easy display of were large trade volume.
Filter Value

The value used to filter the column.

VPOC and Value Area

Show VA and VPOC
Simple toggle option to Show the Volume Value Area and the Volume Point of Control.
Value Area Percentage

Permits you set the Value Area Percentage. By default, its set at 68.2% that equal one standard deviation limit of the volume traded. This will color the bars that account for 68.2% of the volume on the column. Although most traders use 68.2% or 70%. There is no reason why you could not customize this setting. You could easily have another volume column set to 95.4%, which is the second standard deviation value.

Value Area Color

Visual setting to color the bars that represent the specified value Area.

VPOC Color

Visual setting to color the bars that represent the specified Volume Point of Control.

Visual Parameters

Text to Display
  • Volume – Display the raw volume values
  • Percentage  – Display the percentage of volume by price. Useful to compare between days or instruments as a percentage is a ratio or a relative number and expressed as a fraction. This is also useful if you are looking at low volume areas that are below a certain percentage value.
Visual Type
  • Bar and Text – Will display both the Bar in its relative size as well as any text chose in the previous setting.
  • Bar – Will only display the bar. Nevertheless, if you hover a specific price level the text will appear to inform of the value present at that price.
  • Text – Will only display text.
Text Position
  • Right – Text displays at the right end of the cell
  • Left – Text displays at the left end of the cell.
Bars Direction
  • Left to Right – Bars will start from the left end and populate to the right
  • Right To Left – Bars will start from the right and populate to the left

Useful to create tornado charts using the Data Type setting.

Use Transparency

Simple toggle option to set Transparency of bars. The transparency is set relative to the total profile volume. This will create a visual effect that will allow you to spot areas that heavily traded in comparison to low volume traded areas. This gives you instant visual feedback. Besides, looks good 😊!

Bars Color

Visual setting to color the bars outside the Value Area and VPOC or if the  Show VA and VPOC are turned off this color will be applied to all bars if Visual Type setting is set to Bars or bars and Text.

Delta Positive Color

When Delta Data Type is set this will color the bars where buys are greater that sells.

Delta Negative Color

When Delta Data Type is set this will color the bars where sells are greater that buys.

Last Price Color

This will plot a line in the top of the cell that is the last traded price.

Summary Stats

Summary Statistics that show you various metrics from the trading session.

  • Total Volume – Total volume of the session – Text color inherits the color of Color for Text
  • Delta – Total amount of buy-side volume minus sell side volume – Text color inherits from the Delta Negative or Positive Color
  • Sells – Total amount of sell-side volume – Text color inherits from the Delta Negative or Positive Color
  • Buys – Total amount of buy-side volume – Text color inherits from the Delta Negative or Positive Color
  • Session Range – Shows the range of the session in price levels – Text color inherits from the Delta Negative or Positive Color and its colored based on the percentage change of the session.
  • Session Percentage Change – Text color inherits from the Delta Negative or Positive Color and its color based on the percentage change of the session.
Color for Background

Sets the color for the column Background

Color for Text

Sets the color for the text in volume profile and Total volume in the Summary Statistics

Reset

Reset

Simple toggle option to enable you to discretionary reset the volume profile by pressing the F5 key. Useful if you want to reset the profile while having another session Volume Pro column to compare when for example a reference level like high or low of the session is hit.

Set up

Label

Sets the label title for the column. Useful when you have multiple Volume Pro columns with different settings on the SuperDOM.