What does volume mean on thinkorswim?
Simply put, volume is the number of trades, or transactions, that take place in a stock. If the net price move during a specific time frame is higher, the volume during that time is considered “up” volume. If the net price move is lower, then it’s considered “down” volume.
How do I read thinkorswim active trader?
The Active Trader tab is a thinkorswim interface designed especially for futures traders who can benefit from its handy bid/ask price ladder, one-click order entering, and high level of customization. This interface can be accessed by clicking Active Trader on the Trade tab.
How do you read a Volume Profile in TOS?
On the thinkorswim® platform from TD Ameritrade, select the Charts tab and enter any symbol. Select Studies > Add Study > All Studies > U–W > Volume Profile. By default, the volume profile will display in the expansion area to the right of your traditional price chart, but there are other ways to view this study.
What does volume mean in trading?
Trading volume is the total number of shares of a security that were traded during a given period of time. Investors often use trading volume to confirm the existence, or a continuation of a trend or a trend reversal.
What is volume on active trader?
The Active Trader Ladder is a real-time data table that displays bid, ask, and volume data for the current symbol based on a price breakdown. Volume column displays volume at every price level for the current trading day. Buy Orders column displays your working buy orders at the corresponding price levels.
What does active trader mean?
Active trading is attempting to profit from short-term price fluctuations. Active traders have the intent of only holding trades for a short period of time. Day traders, scalpers, and swing traders are all considered active traders, with scalpers and day traders being more active than swing traders.
What is point of control on Volume Profile?
Point of Control (POC) POC or Point of Control is the highest volume node on the volume profile. The point of control is the longest volume bar on the volume profile and there are lots of volumes transacted there. Traders use POC as support and resistance or an important retest point.
How does Volume Profile work?
Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader.
What is the active trader tab?
The Active Trader tab is a thinkorswim interface designed especially for futures traders who can benefit from its handy bid/ask price ladder, one-click order entering, and high level of customization. This interface can be accessed by clicking Active Trader on the Trade tab.
What is The Thinkorswim charts Gadget?
This gadget is a miniature version of the thinkorswim Charts interface. It has the same functionality as the interface does, however, its display is optimized to fit a smaller screen area. Use the Chart’s symbol picker to specify the instrument to be used in the Active Trader.
What is the active trader interface?
Active Trader The Active Trader tab is a thinkorswim interface designed especially for futures traders who can benefit from its handy bid/ask price ladder, one-click order entering, and high level of customization. This interface can be accessed by clicking Active Trader on the Trade tab.
What is the active trader ladder?
The Active Trader Ladder is a real-time data table that displays bid, ask, and volume data for the current symbol based on a price breakdown. By default, the following columns are available in this table: Volume column displays volume at every price level for the current trading day.