Volume
More orders cluster in the middle of a range than at its tops and bottoms. Volume represents the total liquidity that has already been traded. The concentration of orders in the middle of a range indicates where most trading activity occur…
2 sources - 7 claims
More orders cluster in the middle of a range than at its tops and bottoms. Volume represents the total liquidity that has already been traded. The concentration of orders in the middle of a range indicates where most trading activity occurs. Volume shows the level of market participation. Volume shows the actual money behind price movements. A volume profile across a range shows how traded orders are distributed.