TradingView introduces new Auto Anchored Volume Profile
TradingView introduces its new Auto Anchored Volume Profile (AAVP).
It displays only one profile at a time, starting at an automatically-selected point, and extends to the last bar on the chart. When a new period is reached, the previous profile is discarded and a new one begins, allowing you to focus on the most recent market activity.
AAVP shares many features with TradingView’s other volume profiles, but it comes with three novel anchoring methods: Highest High, Lowest Low, and Highest Volume. When any of these are selected, rather than reset on a fixed period, AAVP will look for the HH/LL/HV bar in the last number of bars specified in the “Length” field and start the profile there, relocating the profile as new bars come in that meet the reset condition.
Like TradingView’s other volume profiles, AAVP can also display your choice of “Up/Down”, “Total” or “Delta” volume.
TradingView regularly enhances its platform functionalities. Recently, TradingView has made OTC trading available through its broker partners — TradeStation, Interactive Brokers and Alpaca.
TradingView hopes traders embrace this opportunity to diversify their investment portfolio, but advises them to be aware of OTC specifics and associated risks.