Lesson 12 of 17
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FRVP

Used for determining VAH, VAL and POC from selected areas on a chart. 

Very useful for day trading. Not limited to preseted session.

Usecase:

1.Range trading – price is ranging inside and you are looking for S/R levels inside this range. 

2.Range trading – breakout. Price breakouts from the range and then retesting the inside of the range again. POC in this case will be strong S/R and we already know that it works like a magnet. 

3.Looking for overall big high volume nodes. Can be used up to a yearly timeframe. FRVP gives good visual idea where the price spent some time and transacted a lot of volume. 

4.Selecting exact time period where you want to see your profile.