Volume price
Volume price is my term meaning the average price for a certain traded volume in a certain period of time.
As an example, I took the BTCUSD chart
To find out at what level the largest volume is traded, there is a tool called "Fixed Volume Profile" FRVP (located on the sidebar, in the Tools for Measurement and Forecasting cell).
Here I stretched it for the period from November 14, 2020 to August 03, 2023 POC the orange line in my case (it's so convenient for me) shows the same maximum volume, and if you put a horizontal line with a price display in its place, we will see the price of 16752.88 - this is the price of volume.
That is, the largest volume was traded at this price.
A fixed volume profile can be applied on any segments of the chart, for example, from high to low, or from low to low, or from high to high, or in the sideways.
What does this give us?
Firstly, we understand at what price large capital gained or gave away its position.
Secondly, it forms the most powerful level for a certain time period (time frame).
And finally, the volume has a price.
As an example, I took the BTCUSD chart
To find out at what level the largest volume is traded, there is a tool called "Fixed Volume Profile" FRVP (located on the sidebar, in the Tools for Measurement and Forecasting cell).
Here I stretched it for the period from November 14, 2020 to August 03, 2023 POC the orange line in my case (it's so convenient for me) shows the same maximum volume, and if you put a horizontal line with a price display in its place, we will see the price of 16752.88 - this is the price of volume.
That is, the largest volume was traded at this price.
A fixed volume profile can be applied on any segments of the chart, for example, from high to low, or from low to low, or from high to high, or in the sideways.
What does this give us?
Firstly, we understand at what price large capital gained or gave away its position.
Secondly, it forms the most powerful level for a certain time period (time frame).
And finally, the volume has a price.
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