Kardec Trader argues volume profile beats other indicators because it shows where 70% of trading happens (the value area) and the price with peak volume (point of control). He walks through a session example and recommends Deepcharts to see institutional order flow.
Say what you want, this is the best trading indicator, period. There's a reason why world trading champion use this. As well as hedge fund traders and professionals and retails just use candles. Here's why. This is the volume profile and it literally shows you where the most money was traded. So while retail keep thinking that liquidity is above high and below lows. This chart actually shows you which level the liquidity was actually traded. This is what we call the value area where 70% of the business was done at this in the middle is the point of control. And you can easily draw an area between them and see that that's where market will test. That's where institution likes to do business. At this amount of money of a session, this is billions of dollars, it's not retail. So to track the smart money, volume is simply the best. Simply the best. And if you use a software like Deepcharts, you can also go inside and have for every five minutes to one minute to one second candle, all the volume and the order flow of each candle. So you can take a previous value area, see what happens when price gets to it. Zoom inside of those candles and see sellers were absorbed here while buyers were clear in control in this imbalanced cluster. You can see that sellers tried to stop them here with this 1.4 thousand contracts but didn't do it. Tried again here and failed again. And you can see the session went just up and up and up. Now do us both a favor, hit that, follow.
