The price distribution chart is a representation that highlights in detail how trades are distributed over time based on the price and the volumes with which they are traded, thus obtaining information on support or resistance levels. It is a graph widely used by the Chicago Mercantile Exchange which assumes that the exchanges of goods take place at repetitive times and at the prices that the market requires at that moment.
The market trades when prices are convenient for the buyer and the seller, this phase monitored during the day defines the area in which most of the trades were made. This fundamental information provides insights into market expectations.
You can completely customize this graph, choose the duration of a block, the duration of the opening range, project race extensions, etc. There are many characteristics that you can easily bring back to your way of trading.
You can find all the information below in the beeTrader’s users guide.