Market Profile 2.0
The market profile indicator provides with an X-Ray vision into market activity, outlining the most important price levels, value area and control value of the daily trading session.
- Easy to understand and use
- Understand market dynamic easily
- Automatic timeframe period selection
- Identify zones of trading value and discard others
- It is useful in all market conditions
- Effective for any trading strategy
- It implements two color schemes
- Does the indicator repaint?
- The indicator builds the market profile distribution curve, value area and control point for the current day as the price unfulds during the trading session. Thus, data for the current day can repaint.
- What is the value area?
- The value area is price range where 70% of the trading volume took place.
- What is the point of control?
- The point of control is the price at which most volume took place during the trading session.