The MarketDelta Blog

One of the most popular features in MarketDelta is the ability to see volume distributions over a long period of time. For example, over the last 2 weeks or 2 years, where were the most-traded prices? Here is a quick tutorial.

Using the Profile indicator, you can see this information easily. However, you must have access to good minute-based historical data, such as from DTN Market Access or IQFeed. If you do not have the price history on file, then you cannot view the composite volume profile.

First, download as much minute data you need for the period you wish to study. In this example, I will look at the composite for the last year for the ES, so I start with a minute download:

Then, I look at any ES multi-pane chart, such as a footprint or candlestick chart, and change its view period to time period I wish to study:

After you are done, look back to the beginning of your chart to make sure it starts at the time that begins your study period.

Finally, add an instance of the Profile indicator. One way to do this is to use the Insert button on your keyboard, then find the Profile indicator in the list.

You will want to structure your Profile settings as follows:

You can also use the “auto peak” option if you want to have the indicator automatically create horizontal reference lines at the high-volume and low-volume nodes in the profile. You can adjust the sensitivity for this setting as well. Both options are near the bottom of this window:

When you are done, depending on your stylistic preferences, you will have a volume composite for the last year, like so: