Can someone Tell what Technical Graph is this in Zerodha Chart

#1

Hi Team

Can anyone tell what is the Horizontal Graphs that are in the Chart which is shown below

#2

Thats Volume Profile. While Volume shows the amount of a security traded during a given period of time, Volume Profile on the other hand displays trading activity over a specified time period at specified price levels.

#3

Thanks tryszu :slight_smile:

#4

It’s similar to the concept of Market Profile, which has picked up significant following among index traders over the past few years (though it was designed way back in the 80s). I had a hard time following it at first (because it doesn’t have a time dimension to it) but once you get a hang of it, it can be a great chart/tool to look at. I typically use it on range-bound days for taking boundary trades on NIFTY & BANKNIFTY.

Please note that Zerodha only provides the volume profile and for the Market profile, you would need a charting tool like Amibroker.

These fellow traders have written good articles on this topic. Check them out…

http://www.marketcalls.in/market-profile/how-to-read-a-market-profile-chart.html (in Indian context)

This one, in general–>

Cheers!
Neha (www.VRDNation.com)

2 Likes
#5

Thanks @Neha_Raghuraman
Do you have any new update on any new or old brokers providing it

#6

How to interpret Volume Profile, is there any article which can give in-depth analysis?

#8

@ShubhS9 This post explains it well

https://www.tradingheroes.com/volume-profile/