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Volume Profile differences

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    Volume Profile differences

    When I use the volume profile drawing tool, I am getting some very different delta histograms than if I use the volume profile indicator with the same settings.
    Can you take a look at the highlighted levels in these two pictures and let me know why they are different? These are 5 minute ES charts from yesterday ( 6/1/2022 ). Trading hours are set to CME RTH on the indicator and drawn from the 8:30-3:00 candles for the drawing tool.

    Presumably the drawing tool is yielding more accurate info based on the price action. I actually couldn't get the indicator to replicate the drawing tool no matter what settings I chose.

    Thanks
    Nick

    UPDATE:
    I see now I made a small mistake and only drew the profile to 3pm instead of 4pm as the trading hours template defines but it doesn't affect the price levels in question. (Central time)


    Click image for larger version  Name:	OFVP Drawing tool.png Views:	0 Size:	892.5 KB ID:	1203693
    Click image for larger version  Name:	OFVP Indicator.png Views:	0 Size:	934.7 KB ID:	1203694
    Last edited by NickyD; 06-01-2022, 11:34 PM.

    #2
    Hello Nicky,

    When I check the volume profiles, I don't see that they are very different.

    The 'Color for buy' is set to Crimson for the Order Flow Volume Profile drawing tool by default, while the indicator has it set to DarkCyan. If you set it to the same color, do you still have the difference?
    JasonNinjaTrader Customer Service

    Comment


      #3
      Oh jeez... yes, the default colors are inverted!? Thanks for pointing that out.

      Comment

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