Today’s lesson: How does the single volume number beneath a candle transform into a map showing where buying and selling activity is concentrated across price levels? In Part 1 of the Galton Volume Profile series, I explain step by step the foundational principles behind the indicator: How can the volume of a single candle be distributed across different price levels? What is the difference between actual Footprint data and estimated buy/sell volume flow? How does BVC classify volume into Buy and Sell, and then how is this volume distributed across price levels using a probabilistic weighting system inspired by Galton? The core idea is transitioning from a single volume number to a Volume Profile that reveals where actual trading activity occurred within the price range. This part is the foundation. In Part 2, I’ll move on to interpreting the indicator itself: Profile, Delta, Barometer, POC, Value Area, Buy/Sell levels, and Support/Resistance zones. Indicator: Galton Volume Profile: Support/Resistance and Buy/Sell Flow https://t.co/QDA7aRTKu1
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