Dynamic Profile ๐งต: Full Guide
Here's what's covered :
Where to find dynamic profile
Use of dynamic profile
Open interest profiles
Using open interest profiles
Bid-ask profiles
Using bid-ask profiles
Volume profile
Tips for dynamic profile
Where to find dynamic profile
Use of dynamic profile
Open interest profiles
Using open interest profiles
Bid-ask profiles
Using bid-ask profiles
Volume profile
Tips for dynamic profile
Where to find dynamic profile :
Dynamic profile is a tool available on exo-desktop.
Check the left hand column on the desktop screen till you find the following icon.
Dynamic profile is a tool available on exo-desktop.
Check the left hand column on the desktop screen till you find the following icon.
Use of dynamic profile:
Dynamic profile, allows you to draw different types of profiles from a selected area of candles.
Simply choose the tool. Then once chosen, grab and drag to highlight an area of price action you wish to analyse.
Dynamic profile, allows you to draw different types of profiles from a selected area of candles.
Simply choose the tool. Then once chosen, grab and drag to highlight an area of price action you wish to analyse.
Open interest profiles :
Provides information on the distribution of where open interest has been created or removed in a given candle range.
Specify position type (long or short) to view where most and least positions are within the highlighted area.
Provides information on the distribution of where open interest has been created or removed in a given candle range.
Specify position type (long or short) to view where most and least positions are within the highlighted area.
Using open interest profiles :
Open interest profiles are good for defining where the majority of positions have opened in the direction of a trend.
As price loses the area where most positions in the trending direction have entered, we can assume loss of trend structure.
Open interest profiles are good for defining where the majority of positions have opened in the direction of a trend.
As price loses the area where most positions in the trending direction have entered, we can assume loss of trend structure.
Bid-ask profiles :
Showing volume of bids against volume of asks filled over a selected period.
Selecting imbalance text type, to highlight areas of significant differences between the two.
Showing volume of bids against volume of asks filled over a selected period.
Selecting imbalance text type, to highlight areas of significant differences between the two.
Using bid-ask profiles :
If bid-ask is balanced but price moving up/down then, llok to continue trend of price.
This is because there is less liquidity to the side of where price is moving as is easier for price to move on the price scales despite equal amounts of bid-ask.
If bid-ask is balanced but price moving up/down then, llok to continue trend of price.
This is because there is less liquidity to the side of where price is moving as is easier for price to move on the price scales despite equal amounts of bid-ask.
Volume profile :
Volume profiles show total volume entering the market at different price levels.
More about volume profile in full thread below... x.com
Volume profiles show total volume entering the market at different price levels.
More about volume profile in full thread below... x.com
Tips for dynamic profile :
Using NET profile change helps to eliminate white noise on the chart.
Creating templates make it easy to switch between different perspectives.
Another method to help make the information easier to read is to sync with chart tick size.
Using NET profile change helps to eliminate white noise on the chart.
Creating templates make it easy to switch between different perspectives.
Another method to help make the information easier to read is to sync with chart tick size.
Dynamic profile has such broad use cases in order flow analysis.
If you enjoyed this thread and would like to see more be sure to leave a like and follow.
Feedback on what your interests are can be left in the comments below.
As always stay smart. Trade safe.
Exotick.
If you enjoyed this thread and would like to see more be sure to leave a like and follow.
Feedback on what your interests are can be left in the comments below.
As always stay smart. Trade safe.
Exotick.
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