Deep Profile Values

Deep Profile Values

Deep Profile Values

The Deep Profile Values (Vbp Values) of DeepCharts allows the main values of the Volume By Price indicator to be plotted on the chart. Volume By Price indicator, i.e. Volume Poc, Value Area, VWAP and standard deviations, Peaks and Valleys without Plotting the relative volume distributions.

Settings

Clicking on the indicator's settings icon will open its configuration window, within which it will be possible to make several choices regarding the functionality of the indicator itself.

General


Vbp Period 

Defines the reference period
  1. Composite: Calculates the volume profile over an extended period, combining the entire period of data loaded within the graph into a single profile.
  2. Multiples: Displays the volume profile for multiple separate periods, allowing you to compare different time intervals on the same graph.
  3. Visible: Calculates the volume profile only for the time interval currently visible on the chart. This allows you to focus only on the most relevant data based on the zoom or portion of the graph you are viewing.
  4. Personalized: It allows you to manually define a specific period for calculating the volume profile, using start and end dates and times.

Length Type

Specifies the "unit" of measurement for volume profile calculation
  1. Minutes
  2. Days
  3. Weeks
  4. Months
  5. Volume

Length Value

The Length Value is a parameter that defines the length of the reference period for the Volume Profile, in combination with the Length Type chosen. For example, if the Length Type is set to minutes, days, weeks, months, or volumes, the Length Value specifies how many minutes, days, weeks, months, or units of volume will be considered for the calculation of the Volume Profile, allowing precise customization of the analysis interval.

Custom Period


Start Date/Time

Allows you to manually specify the start date and time of the period for Volume Profile calculation, when the VBP Period is set to Customized

Data Settings


Input Data

Select the type of data to be used for profile calculation.

  1. Volume: Represents the total volume traded at each price level. This database is useful for understanding the intensity of trading and identifying the price levels where most of the market activity occurred.

  2. Order: Consider order data, such as the quantity of buy and sell orders at each price level. This option is useful for assessing order pressure and analyzing the behavior of market participants.

  3. Aggregate Trades: Show the aggregate trade volume by combining trades made on the price level. This option provides a more accurate view of trading activity levels by grouping trades executed on the same price level.

  4. Number of Trades: Indicates the number of transactions executed at each price level. This database is useful for understanding the frequency of trades and determining levels of interest in the market.

To Learn more about Data Types Read this Article.

Filter Min

Sets a minimum volume value to be considered in the profile calculation.

Max Filter

Sets a maximum volume value to be considered in the profile calculation. This filter allows you to exclude very high volumes that might distort the representation of the volume profile.

Auto Grouping


Type of profile grouping


  1. Automatic: It allows you to select the mode of automatic tick grouping. This option is useful for automating the definition of the level of granularity of the profile, adapting to market characteristics and chart resolution.

  2. Manual: Lets you specify a custom number of ticks for profile grouping.

Grouping Factor

Defines the grouping factor for ticks when grouping is set to automatic. A higher value represents greater aggregation.

Tick in Manual

Allows you to manually specify the number of ticks to be grouped together. This option provides precise control
over the granularity of the profile, allowing you to tailor the grouping to suit your analysis needs.

Plot Settings



Number of Profiles

Defines the number of Vbp Values to be displayed simultaneously on the chart for the selected period.

POC (Point-of-Control)


Enable

Enable or disable the display of the Point of Control (POC) on the chart. The POC represents the price level with the highest volume.

Show Line

Defines whether and how to display a line for POC on the chart, such as displaying POC for the entire selected period or only on certain intervals.

  1. Show: Show a fixed line for the POC at the price level where the maximum volume was recorded. This option makes the POC easily identifiable, helping to display the most important level of market activity.
  2. Developing: Display a dynamic line that updates with the movement of the POC over time. This option is useful for monitoring the change in POC during the selected period, helping to understand the'evolution of market conditions.
  3. Extend Shifted: Extends the POC line by drawing highlighted areas on the graph that indicate the poc shift zones during its evolution.

Extend Line

Set the extension of the POC line, such as extending the line to the right edge of the graph to make the POC position obvious even at later times.

  1. None: Does not extend the POC line beyond the selected period. 
  2. Till Interaction: Extends the POC line only as long as it is not "touched" or exceeded by the price. This means that POC is shown as long as the maximum volume level remains untested, which helps identify price levels that have not yet been taken up by the market, often called "virgin" or "naked".
  3. Till End Window: Extends the POC line continuously across the entire graph. This keeps the POC visible even after it has been passed.

Line-Color

Select the color of the line representing the POC. 

Line Width

Adjusts the line thickness of the POC. A thicker border makes the line more noticeable, making it easier to identify.

Dev. POC Start Time

Specifies the start time to calculate the dynamic POC, which is useful for analyzing the POC relative to a given time interval.

Shifted POC Tick Grouping

Defines the number of ticks to group before the POC is shifted on the profile to a new position.

Opacity POC Grouping

Checks the opacity of the grouped POC. A higher value makes the area  visible, while a lower value makes it  transparent.

Value Area


Enable

Enable or disable the display of the Value Area. The Value Area represents the price range within which a certain percentage volume of total trades occurred.

% Value Area

Defines the percentage of the total volume that is used to calculate the Value Area. For example, setting a value of 70% will show the price range within which 70% of the total volume occurred.

Show Line

Delimits the extremes of the Value Area High and Low by drawing a line on the graph.

Developing

The Dynamic mode plots the shift of the Value Area Low and Value Area High on the chart, continuously adapting to changes in traded volume. This feature allows you to visualize real-time changes in the price levels that contain most of the market activity.

Extend line

  1. None: None extends Value Area lines beyond the selected period.
  2. Till Interaction: Extends Value Area lines only until it is "touched" or exceeded by price. This means that Value Area lines are shown until they are taken up by the market. These levels are often called "virgin" or "naked".
  3. Till End Interaction: Extends the Value Area lines continuously across the entire graph. This allows them to remain visible even after they been passed.

Line Color

allows you to select the color of the line that delimits the'Value Area price range on the chart 

Line Width

Allows you to adjust the thickness of the line that delimits the Value Area on the chart according to the user's preference.

Peaks and Valleys

Picks and Valleys on the Volume Profile visually represent the price areas with the highest and lowest volume traded. Peaks indicate price levels where high trading volume is concentrated, often highlighting areas of strong market interest. Valleys, on the other hand, represent price areas where there's been low trading volume, signaling levels of lower interest or potential "void zones" which can facilitate rapid price movements. These key points help traders identify potential areas of equilibrium or disequilibrium in the market, providing useful information for planning entry and exit strategies.

Sensitivity

Adjusts the sensitivity of the detection of peaks and valleys. A higher value makes the detection more accurate by identifying fewer peaks and valleys, while a lower value reduces the identification filter by showing more levels.

Exclude High/Low

Automatically excludes from calculation the  extreme peaks or valleys placed on the Maximum and Minimum zones of the Volume Profile.

Appearance

Peak

  1. Enable: Lets you visually enable the lines that define the Volume Profile peak;
  2. Minimum Volume: Defines the minimum volume value to identify a peak. Peaks with volumes less than this value will not be displayed.
  3. Extend Line: Defines whether to extend the peak line along the graph. 
    1. None: Does not extend peak lines beyond the selected period.
    2. Till Interaction: Extends the Peak lines only as long as it is not "touched" or exceeded by the price. This means that the Peak lines are shown until they are taken up by the market. These levels are often called "virgin" or "naked".
    3. Till End Window: Extends the lines of the Peaks continuously across the entire graph. This keeps them visible even after they are crossed
  4. Line Width: Adjusts the thickness of the line representing the peak. Greater thickness makes the line more noticeable.
  5. Line Color:It allows you to select the color of the peak line, helping to customize the chart and making it easier to distinguish between different elements.

Valley

  1. Enable: Lets you visually enable the lines that define the Volume Profile peak;
  2. Minimum Volume: Defines the minimum volume value to identify a Valley. Valleys with volumes less than this value will not be displayed.
  3. Extend Line: Defines whether to extend the Valley line along the graph. 
    1. None: Does not extend peak lines beyond the selected period.
    2. Till Interaction: Extends the Valley lines only as long as it is not "touched" or exceeded by the price. This means that the Valley lines are shown until they are taken up by the market. These levels are often called "virgin" or "naked".
    3. Till End Window: Extends the lines of the Valley continuously across the entire graph. This keeps them visible even after they are crossed
  4. Line Width: Adjusts the thickness of the line representing the Valley. Greater thickness makes the line more noticeable.
  5. Line Color:It allows you to select the color of the peak line, helping to customize the chart and making it easier to distinguish between different elements.

VWAP 

The VWAP (Volume Weighted Average Price) a trading indicator that represents the volume-weighted average price of trades made during a certain period of time. The VWAP calculated by summing the value of all trades (price per volume) and dividing the result by the total volume. This indicator is thought to be particularly used by institutional traders to determine the average price at which trades were executed, considering volume as an important factor in measuring market behavior.

The VWAP often used as a benchmark to assess whether a buy or sell price good relative to the market. If the price of a security above the VWAP, it means it above the weighted average price and could be considered expensive. If the price lower than the VWAP, it could be considered cheap.

The Standard Deviations of the VWAP are a way of measuring the volatility of prices relative to the volume-weighted average value. Standard deviations are bands that are plotted above and below the VWAP to identify the average distance of prices from the mean value. Each standard deviation indicates a "band" of the price range, providing traders with an idea of how far the price is deviating from the VWAP by going to contextualize Premium and Discount zones.

In particular:

  1. First Standard Deviation (+1/-1): Shows the level of volatilityà main and represents the area where price tends to stay most of the time.
  2. Second Standard Deviation (+2/-2): Indicates an'area of greater volatility and signals potential significant price changes.
  3. Third Standard Deviation (+3/-3): Represents rarer events, signaling extreme price movements.
The standard deviations of the VWAP are useful for identifying overbought and oversold areas and to help traders make entry or exit decisions based on price deviation from the VWAP.

Enable

Enable the display of VWAP (Volume Weighted Average Price) on the chart.

Extend Line

Allows you to extend the VWAP line along the entire graph.

  1. None: extends valley lines beyond the selected period.
  2. Till Interaction: Extends the VWAP line only until it is "touched" or exceeded by price. This means that the line is shown until it is taken up by the market. These levels are often called "virgin" or "naked".
  3. Till End Interaction: Extends the VWAP line continuously across the entire graph. This keeps it visible even after it been crossed

Line Color

Defines the line color of the VWAP, further customizing the display to improve readability on the chart.

Line Width

Adjusts the line thickness of the VWAP. Greater thickness makes the line moreù visible, making it easier to identify in the context of the chart.

Developing VWAP

Enable the Developing VWAP, a dynamic version of the VWAP that updates in real time as new volumes are traded by plotting the developing line on the chart.

Enable Bands

Enable display of VWAP bands (Envelopes), which represent the standard deviations around VWAP. 

Envelope Settings

Opens the settings menu to further configure the VWAP's bands, such as the number of standard deviations or other customization options.


Summary

The Summary of Volume Profile allows you to view a detailed summary of the volume data exchanged for each profile on the graph. The summary shows information such as total volume, delta, number of trades, number of ticks, and other statistics related to market activity. This summary useful for quickly understanding the main characteristics of the current volume profile and previous profiles, facilitating analysis and comparison of different market sessions.

Enable-Summary

Enable the display of the data summary for each volume profile on the graph.

Volume Summary

Show summary of total volume traded.

Trade Summary

Toggles the display of the total number of transactions (trades) made during the volume profile period.

Text Color

Allows you to select the color of the text used for the summary, improving readability and customization of the visual appearance on the chart.

Ask Color

Defines the color for the volume of orders in ask (sale).

Bid Color

Defines the color for bid (purchase) order volume.

Customized Timetable

The functionality of Custom Timetable del Volume By Price allows you to configure specific time sessions for volume profile calculation. This particularly useful for adapting volume analysis to financial markets that operate in different time zones.

Filter Mode

It allows you to select the type of time filter to be applied to the Volume Profile. The filter option allows you to define a specific interval for volume analysis, isolating the desired period or dividing into several periods, e.g. ETH and RTH.

  1. None: No filtering is applied. All volume profile data is displayed without any modification, maintaining a complete and detailed representation of the trading volume for the selected period.
  2. Filter: Lets you apply a custom temporal filter to limit the volume profile data to a specific period. This mode is useful for analyzing a specific time frame of interest, isolating relevant data.
  3. Split: Divides the volume profile into separate sections, for example by morning and afternoon trading session. This mode allows volume data to be analyzed separately for each part of the day, providing a more detailed view of volume distribution.

Ini Session

Set the start time of the trading session to be considered for profile calculation. This value is specified based on the U.S. time zone, allowing the start of the session to be aligned with the opening of the U.S. market.

End Session

Defines the end time of the trading session. This value also follows the U.S. time zone, ensuring that the volume profile calculation covers the entire relevant trading period.



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