30MIN Daily Volume Profiles puts a volume profile on every trading day of a 30-minute candlestick chart in Sierra Chart, with optimizations for ES, NQ, Crude Oil and Gold futures. It is the “price map” chart of the Crimson Day Trading Suite: each day gets its own Point of Control and Value Area and a composite profile over all visible days shows the levels that keep mattering.

What is on the chart

• 30-minute candlesticks
• Daily volume profiles with a highlighted Value Area and Point of Control (POC) for each day
• Composite volume profile on the right, built from all visible bars
• Automatic levels: the current week high and low plus the previous week and previous month highs and lows

Building your price map

The daily profiles show where each session found value. When several days in a row share a similar Value Area, the market is balancing and the edges of that area are where trades tend to set up. When a new day builds value outside the old range, the market is trending. As long as it keeps trending, the Value Areas and even the highs and lows of prior days get rejected. When the market breaks back into yesterday’s Value Area, that usually comes with a retest of yesterday’s POC. The composite profile on the right sums it all up.

High volume nodes (HVN) are the prices where the market likes to trade the most. They act like a magnet and price tends to get pulled back to them. Low volume nodes (LVN) are prices where the market did not trade much. It lost interest there. An LVN can act as support or resistance and from there price often gets pulled back to the last HVN or moves on to the next one.

The weekly and monthly highs and lows are drawn automatically, so you never have to redraw them each Monday or at the start of a new month.

Where it fits

Use it before the open to mark your levels for the day, then switch to a faster chart for execution. In the Crimson Day Trading Suite it is chart 3 of 6, between the daily view and the Renko day-levels chart.

Good to know

• Optimized for ES, NQ, Crude Oil and Gold. Choose your market on the product page. Need more than one market? Add the other optimizations at a reduced price before you add the template to the cart.
• Uses standard Sierra Chart studies. We recommend Package 10 or higher for live data.
• Also included in the Crimson Day Trading Suite. More options: Sierra Chart volume profile templates.
• For your preparation: the Volatility & Range Projection indicator shows the expected size of each session, based on the market’s volatility index.