Custom Scan Based on Prior Period Volume Profile
Thinkorswim Scan Volume Profile
Are you a fan of Volume Profile? This video shows you how to run a custom scan using Volume Profile to identify 4 separate signals commonly used by Profile traders. Both long a short signals are included. This scan projects the Volume Profile from the prior period into the current one. It then uses the Value Area to locate tradable opportunities commonly used by Profile traders. Parameters are included to adjust the sensitivity and duration used to identify potential entries.
Free custom scan code included. Find the link to the code within the video. Be sure to watch the entire video to understand how to use this scan and to find the embedded link. There is a companion chart study available for this scan. Just go to About: Hahn-Tech, LLC and fill out the contact form requesting pricing. We can customize the chart study to fit your individual needs.
Link to scan file: Scan_VolProfile.txt
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Have you found a solution for this scan? The criteria all comes out with the exact same result.
I have no idea what you mean by “found a solution”. The scan works just the same today as it always has.
Hi Pete, I’ve been searching far and wide for a volume profile scan and stumbled upon your video! Unfortunately, I’m not able to get any results in scanning my watch list of 500 stocks in TOS. I’ve changed parameters for week and month and tried different plot scans following your video. Nothing comes back. Any ideas what I might be doing wrong?
Keep up the great work!
Thanks,
Vince
There are many moving pieces involved and it’s probably not even possible to describe them all without a screenshot. I suggest you post this question in the Q&A Forum where you can provide a screenshot showing how you have setup your scan.
HI Pete,
First of all, I want to thank you for the awesome videos, scans, etc., that you provide. They are excellent!!!
I have downloaded the Volume Profile scan and would like to know how much does the study costs.
Kind regards,
Otto
I’m glad you find our videos helpful. Thanks for taking the time to express your appreciation. All of our premium chart studies are listed on the following webpage: https://www.hahn-tech.com/premium-chart-indicators/ You will find the order forms on that page will always display the most current price. Thanks!
hi Pete…saw this video and loved it but am having an error with the scan. copied and pasted but receive Error: Script execution timeout message when running the scan?
You will need to limit the universe of stocks included in the scan. The following video explains how to apply a top level filter and additional stock filters to reduce the number of ticker symbols to only those you want to actually trade: https://www.hahn-tech.com/thinkorswim-scans-beginner-to-advanced/