VPSR
Introduction to VPSR
This Ninjatrader Indicator is based on Volume Profile. It’s an amazing tool for finding break-outs and support and resistance.
Volume Profile is a very effective means of finding support and resistance. These SR levels often repeat in to the future. The market has some memory.
These levels are not necessarily swing highs or lows. They are levels where the market found significant Volume, supply and demand were balanced and then moved beyond this “equilibrium” point. These levels act like magnets, drawing the market towards it and pushing the market away from it. (Reversion / Momentum)
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