is an advanced
charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume
. Essentially, Volume Profile
takes the total volume
traded at a specific price level during the specified time period and divides the total volume
into either buy volume
or sell volume
and then makes that information easily visible to the trader.