Volume Profile Pro

Volume Profile Pro is a revolutionary trading tool designed to provide traders with in-depth market analysis and visual representation of trading volumes distributed across different price levels. It emerges as a key player among trading utilities due to its extensive functionality, customizable features, and user-friendly interface.

Trading Visualization: An Insightful View of Forex Market

Stepping up its game in trading visualization, Volume Profile Pro offers a unique view of the Forex market by displaying trade deals distributed by price levels. The histogram levels are relative, implying that wider bars indicate more trading volume. This feature aids in discerning the price action trading strategy, as it provides a broad perspective on the market’s behavior.

Defining Support Levels: The Power of Distribution Extremes

One of the standout features of Volume Profile Pro is the ability to use distribution extremes as support and resistance levels. This feature proves to be a valuable ally in defining trading strategies and making informed decisions. By analyzing the extremes of distribution, traders can identify potential turning points in the market and take strategic trading actions accordingly.

Customizable Settings: Tailor-made Trading Experience

The Volume Profile Pro is highly customizable, offering traders complete control over the settings. Users can choose between various visual modes such as bars, lines, or outline, and can even select the color, style, and size of the histogram. Calculation settings, like the range boundary type and volume data source, can also be configured according to the user’s needs. This level of customization allows for a tailor-made trading experience, making Volume Profile Pro a preferred choice for many traders.

Technical Analysis: A Step towards Efficient Forex Trading

With Volume Profile Pro, traders can perform an efficient technical analysis of the Forex market. The tool allows setting any period for calculation, whether it’s between two vertical lines or a fixed time interval. The program file simply needs to be placed in the “Indicators” directory, and users can start analyzing the market with the help of this powerful tool.

FAQs

Can I customize the visual mode of the histogram?
Yes, Volume Profile Pro allows you to choose between bars, lines, or outline for the visual mode of the histogram.

What are Distribution Extremes?
Distribution extremes refer to the high and low levels of a price range where trading volume is significantly high or low. They can be used as support and resistance levels in trading.

How do I place the program file?
The program file needs to be placed in the “Indicators” directory for the tool to work efficiently.

To gain a deeper understanding of Volume Profile Pro, independent testing of this product is available on the forexroboteasy.com website. For regular updates on the results of these tests, users can subscribe to the website. We invite you to share your experience of using Volume Profile Pro, as your opinions and insights will be valuable for other traders.

Please note that this is an independent product review and Volume Profile Pro is not associated with this review in any form. We aim to provide unbiased and accurate information to aid all traders in their journey in the Forex market.