Create Custom Market Volume Profiles with Order Flow

volume profile trading platform customize indicator drawing tool

The Volume Profile indicator and drawing tool included with NinjaTrader’s Order Flow + empowers traders with an advanced analysis technique to build a dynamic view of the order flow.

How to Use the Volume Profile Drawing Tool

The Volume Profile drawing tool allows traders to create individual profiles on the fly and, similar to the Volume Profile indicator, includes multiple profile and display options.

  • Drawing a Profile: To draw a single profile on your chart, right click within your chart and select Drawing Tools, then Order Flow Volume Profile. The drawing tool is now active.

Next specify a range within the x-axis, or time axis, for the profile to plot within. Left click once at your starting point, then move your mouse to the right or left and left click again at the end point.

After clicking the end point, the profile should appear as seen below.

  • Modify Profile Type and Display Modes: Once drawn, simply double click the Volume Profile drawing object to access the parameters. From here, users can modify profile type and display modes similar to the Order Flow Volume Profile indicator.

Why Use the Volume Profile Drawing Tool?

Rather than applying the Volume Profile indicator to a chart’s entire data series, drawing an individual profile instantly displays a cross section of the order flow. This approach limits the use of your PC’s resources freeing up computing power for additional functions and charting.

Additionally, the Volume Profile drawing tool can be quickly moved and resized allowing for additional flexibility.

To move a profile:

  1. Click once to select the drawing.
  2. Hover your mouse over the drawing until an arrow cross appears.
  3. Left click and drag to move the drawing to the desired area.

To resize a profile:

  1. Click once to select the drawing.
  2. Hover your mouse over either the right or left anchor point until your mouse pointer changes to a left & right pointing arrow.
  3. Left click and drag to resize the profile.

Get Started with Order Flow +

The Order Flow + suite of premium features available for NinjaTrader 8 provides tools to analyze trade activity using order flow, volumetric bars & market depth.

Current NinjaTrader users can get started with Volume Profile and the rest of the Order Flow + suite today: Learn More

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