HVN & LVN

[chalasani]

Hi,

Are there any plans to include High Volume Node and Low Volume Nodes on volume profile??

Thank you,
SC

[NinjaTrader_ChrisL]

Hello chalasani,

Thank you for the note.

I do not believe you can do this with the current implementation, do you have some examples of this you could share? After that, I will submit a feature request to have that item added to the OrderFlow Volume Profile.

I look forward to your reply.

[chalasani]

Hi Chris,
Another option that i would love to see is Previous days Value Area High and Value Area Low line

Thank you,
Sudhir

[chalasani]

Hi Chris

Pretty straight forward, copied from a website and pasted....cant give better explanation.
(https://marketdelta.com/lvn-and-hvn-why-do-they-work/)

LVN = “Low Volume Node”
This describes a single price or price area where there has been a dip in the profile because of a particularly low amount of volume. LVN’s typically represent areas on the profile where little trading took place between buyers and sellers and will generally be a price level that gets quickly rejected by traders. Trading in the area of an LVN is typically fast and aggressive, meaning there is not a lot of time to get in or out. The market usually tests the level and then passes through or gets rejected.

HVN = “High Volume Node”
This describes a single price or price area where there has been a bulge in the profile because of a particularly high amount of volume. HVN’s typically represent areas on the profile where heavy trading took place between buyers and sellers and will generally be a price level that the markets gets stuck trading around. Price moves into and out of this area are slower as the market digests volume. HVN’s do not need to contain the VPOC – volume point of control or high volume node for the profile – to be considered an HVN.


A Few Reasons They Work

1. HVN and LVN’s represent break even points for longer time frame traders (institutions). Whether institutions realize it it or not, HVN’s and LVN’s often end up being a “benchmark” level they reference and trade around. The profiles help us know these levels and trade accordingly.
2. HVN’s and LVN’s provide a “structure” by which trades can logically be identified. Profiles give us a way to categorize the price and volume data in a different way, allowing us to see things most of the trading world misses.
3. HVN’s and LVN’s complement normal price bars/candles by providing a time and price context. What this means is using MarketDelta we can construct profiles to take into consideration any amount of time we wish and provide that view right along side an intraday price chart. This provides the context of the big picture while still allowing us to be focused on the intraday price swings.

[NinjaTrader_ChrisL]

Hello chalasani,

Thank you for that, I have added a feature request to have this item added. Feature tracking ID: SFT-3297

[KINGKODA]

Hello,

I'd like to +1 this feature request.

[NinjaTrader_ChrisL]

Hello KINGKODA,

Thank you, your vote has been added.

[patricia70]

was that integrated to NT8 ? I find the indicator "Volume Profile" or "Volume Zones" in NT8 indicator list but I guess this is not the same. I miss the LVN and HVN and VPOC zone.

[NinjaTrader_ChrisL]

Hello patricia70, thanks for your post.

The POC has been added, but LVN and HVN values are still an open feature request. By searching "SFT-3297" in the release notes, you can check what new features have been added:

https://ninjatrader.com/support/helpGuides/nt8/?release_notes.htm

Please let me know if I can assist any further.

[patricia70]

can you tell me which indicator is related to POC? I cannot find anything related to POC in my indicator list. Using latest NT8 version.

[NinjaTrader_ChrisL]

Hello patricia70, thanks for your reply.

This is for the OrderFlow+ Volume Profile indicator.

Best regards.

[patricia70]

Hi Chris, can you explain to me how to use OrderFlow+ Volume Profile indicator? maybe a HowTo ... I have the full license and so this feauture is enabled in my installation.

[NinjaTrader_ChrisL]

Hello patricia70, thanks for your reply.

In the Indicators menu, you will see a list of indicators that begin with "Order Flow +". Any of these indicators can be tested on your charts. We have documentation on all of these tools here:

https://ninjatrader.com/support/helpGuides/nt8/?order_flow_plus.htm

Best regards.

[danalec]

+1 vote for LVN and HVN

[sgkcfc]

+1 for LVN and HVN