How can we use Volume Profile (Fixed Range for intraday trading?
How Can We Use Volume Profile (Fixed Range) for Intraday Trading? Intraday trading can be thrilling and profitable if you have the right tools and strategies. Among these, the Volume Profile (Fixed Range) tool is particularly useful. This tool allows traders to identify crucial price levels where significant trading activity has occurred, making it easier to determine potential areas of support and resistance. If you're a client or considering becoming one at Rudra Shares & Stock Brokers Ltd , this guide will walk you through how to use the Volume Profile tool for better trading outcomes. What is the Volume Profile (Fixed Range)? The Volume Profile (Fixed Range) is a graphical representation of the trading volume distributed over a specific price range within a given time period. Unlike traditional volume indicators, which only show the volume of trades executed over time, the Volume Profile reveals how much trading activity has occurred at each price level. This makes it an i...