If you happen to’re on the lookout for methods to establish intra-day help and resistance ranges to assist discover turning factors available in the market, one of many more practical methods to take action is with quantity profile information. Quantity profile is a charting method that shows the full quantity traded at each value degree all through the buying and selling session. Learn extra to learn the way quantity profile and technical instruments might assist as a part of your buying and selling methods.  

Use Quantity Profile and Different Technical Instruments 

On this version of ‘Merchants Workshop’, Patrick Mullin of Gorilla Futures discusses how his quantity profile “HeatMap” indicator together with different technical instruments helps merchants higher establish potential entry setups and pattern reversals. Patrick additionally talks about his “FootPrint” indicator and the way it may also help establish the place intra-bar shopping for and promoting is happening, with a view to higher anticipate market course and establish short-term day-trades. 

Key matters lined embrace:

• Why Order Stream is necessary to a dealer
• Visualizing Order Stream on a value chart
• Understanding Quantity Warmth Maps
• Figuring out potential Shopping for and Promoting ranges
• What it takes to turn out to be a Day-Dealer

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Be sure you be part of us dwell every Tuesday at 12:00pm ET for one more version of Merchants Workshop. You’ll be able to watch earlier Dealer’s Workshop occasions out there on-demand: https://ninjatrader.com/occasions/

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