We get a more atomized look at which prices the most amount of volume was transacted. In the image below we have the exact same day as highlighted above, yet instead, we can now see how volume was distributed throughout the day. This volume bar shows us the volume in total for that daily candle, but it does not tell us anything about how that volume was distributed throughout that structure and throughout that specific period. To best convey this let us take a look at a single day on the chart and the corresponding volume below it. Volume is definitely one of the most important things that a trader should always be aware of, but this type of volume feedback leaves a lot to be desired. For example, If we are looking at a four-hour chart we are seeing the total volume transacted during each four-hour period. This will change to show us the volume of whichever candle periodicity we select. This histogram shows us the amount of volume transacted per candle. Most traders are familiar with the standard volume histogram found at the bottom of their charts such as the one below.
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