TAS Market Profile TOS now available!
TAS Market Profile TOS is now available on the Think or Swim platform. The key indicator, TAS Boxes, now works on the latest version of the TOS platform.
What is TAS Boxes?
TAS Market Profile TOS offers a support and resistance indicator with levels based on Market profile data. The levels outlined by TAS Boxes are based on the actual volume traded in the market to enforce levels of support and resistance.
We all mark out levels of support and resistance on our charts, but these, from reading a basic chart, can only be outlined by the price action. The highs and the lows in the market. When we introduce Market Profile on TOS, we can actually use the specific price points where the most trades were made. This means that you can not only eliminate low volume spikes from your analysis, but you can also clarify levels in the market that will suddenly pop out of the screen.
In the video below, I outline how to read TAS Market Profile TOS charts to enhance your own trades:
The basics of TAS Market Profile TOS charting:
TAS Market Profile Boxes Levels:
Check out the latest deal on TAS Indicators for Think Or Swim Platform:
RED high value area:
When the market is trading above this area the market is considered out of balance in favor of the bulls. The market has broken out of the Fair value area within the TAS Boxes, and is trending upwards. A break of this level is showing buying above a key area.
Green Low Value Area:
When the market is trading below this level, it is out of balance in favor of the bulls. the area between he RED High value area and the Green Low Value Area is where 70% of the trading took place. This means when there is buying outside of this area the market is out of balance.
How we use TAS Market Profile TOS:
We utilize the support and resistance levels to add to our bias in the market. As traders, we are looking for key levels to base out trades. While we all use our own levels to enter and exit trades, the information that Market Profile on TOS offers is hidden to most traders. This is key information because it details where traders actually made trades at specific price points. These are areas in the market
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