AICoin has launched a chip distribution drawing tool, making it easy to understand the market trading situation in various time periods.

Important note: Update to AICoin PC version (V2.7.7) or above to experience the chip distribution drawing tool.

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The chip distribution chart (Volume Profile) is a very important and commonly used tool. It draws a bar chart of the trading volume within the time range on the price axis. Generally, blue represents buy volume, and yellow represents sell volume. The longer the volume bar, the larger the trading volume. The most traded price within a specific time period is the control point, indicated by default with a blue price label line. Through chip distribution, it is easy to identify the price levels where the most trades occur, which can be used to confirm support and resistance levels, identify market bottoms and tops, and more.

How to use the chip distribution tool

Drawing tool - Chip distribution

1. Click on the chip distribution drawing tool in the drawing tool bar of the K-line.

2. Click to select time 1 on the K-line.

3. The mouse can be moved left/right, then click to select time point 2.

4. Once the selection is completed, the chip distribution chart will be generated.

Indicator tool - Chip distribution (Volume Price Distribution Chart)

1. Check the chip distribution in the indicator library.

2. Switching periods and moving K-lines can switch to the corresponding interval's chip distribution chart.

Features of the chip distribution drawing tool

• Selectable time range

  Can independently select and adjust any period of any time range to view the distribution of positions in different price ranges, gaining insight into market participants' emotions and behaviors.

• Addition of chip area display

  View the concentrated chip area, build channel breakout strategies, and go long when the price breaks above the highest price in the chip area, or go short when the price falls below the lowest price in the chip area.

• Confirmation of support and resistance levels

  Control points and the highest price in the value area form support or resistance levels.

• Confirmation of market breakthroughs

  If the chip distribution shows a large number of chips gathering at a certain price level, it may affect price breakthroughs and increase the possibility of a rebound.

• Identification of market bottoms and tops

  When market bottoms or tops form, there is usually a large-scale concentration of chips within a certain price range, helping to better determine when to enter or exit the market.

If you encounter any problems while using AICoin, please feel free to contact us for information and feedback:

AICoin Telegram group: aicoincn

AICoin PC group chat: AICoin's Beibei, AlCoin's Sheniou

Recommended reading:

“Looking at Concentrated Transaction Prices, Understanding the Process of Chip Distribution - Volume Price Distribution Chart Indicator”

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