It is important to check the support and resistance bands and the direction of the trend before proceeding with the trade.
You have to decide whether to buy or sell by adding the status of the volume to the confirmation.
I think volume means power.
You need to look at the volume to know if the uptrend is strong or the downtrend is strong.
However, it is not easy to know the status of the general trading volume indicators.
So, many traders use volume profile indicators.
In the chart I'm posting, I have set the index corresponding to the volume profile.
1. OBV indicator included in trading volume indicator
2. OBV indicators included in MRHBA-O indicators
(These two points will be made by me, so I need to share my chart and use a copy of the indicator.)
1. OBV indicator included in trading volume indicator
The increase and decrease of green and red along the center line of the OBV are expressed so that you can visually check whether the buying trend is high or the selling trend is high.
In addition, when the center line of OBV rises, it is expressed that the power of buying or selling is getting stronger.
2. OBV indicators included in MRHBA-O indicators
The change of the volume profile point is expressed by expressing the point passing through the 0 point in the existing OBV index.
However, we tried to find a more accurate point by changing the formula of the existing OBV indicator.
Most of the methods of viewing the chart in the coin market are analyzed by setting support and resistance points by the trend.
Trends, once developed, are not easily changed, so they are mostly predictable.
However, if the trading volume is not expressed in the chart analyzed as a trend, the strength of the force cannot be properly known.
Therefore, when looking at the chart
1. Check the trading volume
2. Check support and resistance zones
3. Check the trend
You have to watch them in order.