Market profile

The Market Profile may be a unique charting tool that permits traders to watch the two-way auction process that drives all market movement—the ebb and flow of price overtime — during a way that reveals patterns in herd behavior. Put differently, the Profile is just a constantly developing graphic that records and organizes auction data. The Market Profile offers a charting approach that's markedly different than bar or candlestick charts, which are used historically to graph market activity. The subsequent graphic provides a visible comparison of the 2 methods, for instance, the vital differences within the way they portray market information. a standard 30-minute candlestick chart is on the left; the Market Profile, presented in 30-minute periods, is within the center; and on the proper is that the Market Profile in its final composite form. The Market Profile is far quite a set of individual data points. Order flows charts are for active traders with adequate ventu...