This indicator measures "Compression and Expansion" of current bars volume against 10 day average volume(Can be user defined)
Avg Volume = 10 day avg volume Wide volume = AvgVolume x 1.25 (Volume bar will be Blue color) Narrow Volume = AvgVolume x 0.65 (Volume bar will be Magenta color)
Yellow line -- 5 bar avg volume White Line -- 10 bar avg volume
@Sady27, its used for spotting breakouts, the pink bar signals price compression which is a sign that a potential breakout can occur.... that's kindof the gist of it
elroy26
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Hello Where can i find the volume at price indicator that is mentioned in the book of pivotboss?
tradingparj
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@elroy26, I think you are looking for FIXED RANGE VOLUME PROFILE. It's a paid tool in TV, but you can find a lite version for free in the indicator library
rishukr395
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Hey bro. Thank you for the Indicators . Can you make Indicator of Volume Profiling ? You have made Indicator of every thing of Pivot Boss except Volume Profile.
vishu2811
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Okay. Thank you
vishu2811
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How to use this for intraday trading .
Nanda86
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@vishu2811, see pivot boss videos may be...he explains it nicely..tricky to explain it over comments..
shiva199712329
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@Nanda86, which pivot boss video, i have finished masters never heard about this indicator
But it is working great