Market Profile indicates how long the price is traded at each level. This charting technique is used to determine and evaluate market value as it developed in a specific time frame. Using the indicator provides helpful information e.g.
- support and resistance levels based on the response of the instrument to a given price area,
- a prevailing market trend on the basis of higher or lower price ranges,
- places that are most often traded among market participants
If you have any questions or suggestions don’t hesitate to write to me at mpalgotrader@gmail.com