This video explains three key trading indicators—Cumulative Volume Delta (CVD), Volume, and Volume Profiles—that the speaker uses to achieve trading success. The speaker details how each indicator works, how to interpret them, and provides examples of their application in spotting reversals, confirming breakouts, and predicting support/resistance levels for high-probability trades.
The main components of a Volume Profile are:
High Volume Nodes tend to track price and hold it, acting as areas of support or resistance when price retraces into them. Low Volume Nodes have less "gravity," and price tends to move through them rapidly because of low liquidity.
Volume Profiles can be used to find high-probability support and resistance levels for entries in several scenarios: