Lesson 12 of 17
Used for determining VAH, VAL and POC from selected areas on a chart.
Very useful for day trading. Not limited to preseted session.
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.