medium · Volume Profile Analysis auction-market-theory

An 'Efficiency Ratio' (ER) computation for a 20-period window returns a value of 0.15.

How should this influence the selection of trade setups?

  1. The market is about to 'Break Out' as volatility has reached an extreme low.
  2. The market is in a 'noisy' or rotational regime; prioritize 'Rejection Setups' at the edges of value.
  3. The market is in a strong trend; only use 'Trend Setups' on shallow pullbacks.
  4. Volatility is too high to trade; increase the ATR multiplier for all stops.

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