Market Volume Profile Indicator
The Market Volume Profile Indicator displays the distribution of volume traded at various price levels over a specific period, helping traders identify support and resistance zones. To trade using this indicator, look for high-volume nodes (areas with significant volume) that can act as support or resistance. Wait for price to approach these levels and observe candlestick patterns or other indicators for potential reversals or breakouts. Enter trades with a defined risk-reward ratio, using stop-loss orders just beyond the identified levels, and consider volume trends to confirm the strength of the price movement.