Daily RTH Volume Profiles with Candlestick is an overview starter template for day traders who want to understand the bigger picture. Every regular trading session (RTH) is shown as a daily candle with its own volume profile and key numbers, so you see the auctions of as many days as you load into the chart.

What is on the chart

• Daily RTH candles, each with its own volume profile
• Extended Point of Control (POC) lines for each day
• Daily RTH data for every session: high and low, range, volume, delta volume and Point of Control
• Volume profile of all visible bars on the right side of the screen
• Levels: previous month high and low, previous week high and low, current week high and low
• Average Daily Range (ADR) graph

Trending or balancing?

The daily POCs answer the first question of every trading day. When the POCs step in one direction day after day, the market is trending. When they cluster in one area, the market is balancing. The extended POC lines make that pattern easy to see at a glance.

The automatic weekly and monthly levels help you understand where you are in the bigger picture, without redrawing anything at the start of a new week or month.

Good to know

• Uses standard Sierra Chart studies. We recommend Package 10 or higher.
• Prefer the Crimson colors? See Daily RTH Volume Profiles with Candlestick Crimson, available for ES, NQ, Crude Oil and Gold. All 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.