How to Read Volume Profile Like a Pro: 7 Essential Rules
About this video
How to read volume profile on cTrader: Helix Volume Profile's point of control, session range and delta, with 7 rules. Helix Volume Profile is a cTrader indicator that maps where a session's volume actually traded: a regression channel, a volume histogram, the point of control, the session high, low and middle, and a buy/sell/delta readout. This guide shows seven rules for deciding whether a level has anything behind it. Get it on the cTrader Store: Product page: Seller profile: Free indicators and tools: What you will learn - How to load it on any cTrader chart and read the statistics label line by line - Every setting that changes the picture, marked on the chart as it is changed - Seven rules for reading a level: the point of control, the profile's shape, the channel, the session frame, who was trading, the session length, and when the drawing is still provisional - Two quick tests and a final run across four markets What it draws - Session high and low, and the middle between them, with an optional forward extension - A log-regression channel fitted through each session - A volume histogram inside the channel, one bar per price bin - The point of control through the heaviest bin, coloured by the session's drift - A four-line label: the session length, buy volume, sell volume and delta Important, and stated plainly - It draws no Buy or Sell arrows, has no alerts, and never suggests an entry. It is an analysis tool. - A live session is provisional and moves on every tick; a finished session is frozen. - Volume is your broker's tick count, so the profile is your broker's picture of the session. - For cBot builders it publishes the session high, low, middle and point of control as readable outputs. Free trial: runs on EURUSD, on every timeframe, with all 24 settings available. Chapters 0:00 Helix Volume Profile for cTrader 1:12 What it draws 1:47 Load it on a chart 2:18 Reading the statistics label 2:44 Rule 1: start at the point of control 3:22 Rule 2: read the shape, not just the peak 3:52 Rule 3: let the channel set direction 4:24 Quick test: trade it or stand aside? 4:45 Rule 4: frame the session 5:24 Rule 5: check who was trading 5:54 The profile, bin by bin 6:30 Rule 6: know which bucket you are in 7:10 Rule 7: know when it is not valid yet 7:42 Quick test: read this one 7:59 Make it yours 8:32 What it does not do 9:01 Putting the seven rules together 9:20 Three mistakes to avoid 9:45 The seven rules on four markets 10:26 Practise the rules on the free trial 10:49 Get Helix Volume Profile I am the developer of this indicator. It is an analysis tool and never places, modifies or closes orders. Trading involves risk. Past performance does not guarantee future results. #cTrader #VolumeProfile #ForexIndicator