Fixed Range or Volume Profile Fixed Range is a Tradingview tool that allows you to select a start and endpoint in time, to measure the traded volume of price action, within your chosen range.
For example, you could choose to measure from the start of an uptrend to where the price currently sits, and identify the areas of liquidity within this range.
This tool can be used on all time frames and allows for you to zone in on a specific area of price action.
Using the Fixed Range tool will plot a Point of Control (POC) onto the range that you've selected.
Fixed Range or Volume Profile Fixed Range is a Tradingview tool that allows you to select a start and endpoint in time, to measure the traded volume of price action, within your chosen range.
For example, you could choose to measure from the start of an uptrend to where the price currently sits, and identify the areas of liquidity within this range.
This tool can be used on all time frames and allows for you to zone in on a specific area of price action.
Using the Fixed Range tool will plot a Point of Control (POC) onto the range that you've selected.
The POC is an area of significant volume where one could expect price action to test that particular level, and so it is always worth having such levels marked on your chart.
Fixed Range will also give you the Value Area High and Low (VAH/VAL) of your selected range.
Key Points of the Lesson
UTILITY
Useful to identify the volume that has been transacted horizontally ⇒ specific areas of the chart.
Confirm ranges with volume.
Define boundaries for the auctioning process ⇒ untested /naked Points of Control.
IMPLEMENTATION
Fixed Range on Tradingview ⇒ Row size 148, Value Area Volume 68 or 70.
3 key components:
Value Area High (VAH) ⇒ above fair value, look for shorts.
Value Area Low (VAL) ⇒ below fair value, look for longs.
Point of Control (POC) ⇒ area with the highest amount of volume horizontally ⇒ fair value, no new trading position.
Areas can be treated as support/resistance areas.
PRACTICAL EXAMPLE
TIPS & TRICKS
Powerful tool, advanced, arguably better than VPVR.
Define untested ranges and “naked” Pints of control ⇒ strongest reaction on the first touch.
Price will often reject/bounce at POC upon re-entering a range ⇒ POC is the most likely S/R area.
Context and confluence are very important.
Useful for all time frames ⇒ easier on higher timeframes.
No hard rules for start/end of fixed range tools ⇒ based on market structure, intuition and experience.
TAKE HOME MESSAGE
Identify individual ranges, untested POCs.
VAH, VAL and POC are key areas.
Market context and order flow are very important.