From TradingView · · 1m 30s
Volume Profile: Value Edges Don't Hold for AAPL
Apple's value edges show no clear trend against random levels.
In brief
Apple's value edges show no clear trend against random levels. Apple's value edges hold 55% of the time versus 53% for random levels, showing no edge. Originally reported by TradingView.
Quick answers
- What is a value edge?
- A value edge is a price level where most volume traded, acting as a floor or ceiling.
- What is the key takeaway from Volume Profile: Value Edges Don't Hold for AAPL?
- Apple's value edges hold 55% of the time versus 53% for random levels, showing no edge.
What is a value edge?
A value edge is a price level where most volume traded, acting as a floor or ceiling.
Value area definition
The value area holds 70% of volume, with a top and bottom edge defined by the busiest price.
Value edge returns
Price returns to value edges show holds, breaks, or no clear move within ten candles.
AAPL one-hour chart
On Apple's one-hour chart, the value bottom held 84 times and broke 78 times in 162 returns.
Market comparison
Across 200 markets, value edges hold 55% of the time versus 53% for random levels.
Value edge behavior
Value edges hold 55% of the time versus 53% for random levels on both one-hour and daily charts.
Header explanation
The header says 'No clear lean' because value edges hold 55% of the time versus 53% for random levels.
Common mistakes
Three common mistakes include treating value edges as floors, reading unfinished profiles, and forgetting volume is an estimate.
Checklist for analysis
Check where price closed against value edges, how returns move within ten candles, and how often they hold versus random levels.
Mentor indicator
The [TP] Volume Profile - Mentor indicator shows value edges and returns across 200 markets.
The essence
Apple's value edges hold 55% of the time versus 53% for random levels, showing no edge.
