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Market Profile is a powerful statistical analysis tool developed by J. Peter Steidlmayer and the CBOT during the 1980s. This article introduces traders to the Market profile tool and goes over the basic uses and functions.
Market profile is a technical analysis tool developed by J. Peter Steidlmayer  in conjunction with the Chicago Board of Trade in the mid 1980s. Market Profile is a statistical analysis of time and price to create a graphical representation of a trading session or multiple trading sessions. Price is plotted on the vertical axis, and time is plotted on the horizontal axis. Market Profile essentially puts a daily bar or candle under a microscope. By looking at a bar with the naked eye, all we know is where the bar opened, where the high and low were and where the bar closed. A Market Profile of that bar will let you know when the bar made the low, when it made the high and, more importantly, where the price action or Time Price...

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Market Profile® and Volume Profile free of charge for MultiCharts

If someone purchases a new lifetime license for MultiCharts with the link on this homepage 1st Trading Tools the MP/VP toolset is free of charge.
Subscribe to the email newsletter on the page downside and receive the specific access for further informations.
I :love: the toolset.
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