Market Profile

Market Profile – A Primer
Apr 21st, 2009 by Doug Tucker Printer Friendly
- this article from Mr. k Ref


Refer to the graphic above courtesy of Linda Raschke. The vast majority of traders focus only on #3 – Indicators and Oscillators. Indicators and oscillators can be useful tools, but they cannot predict where a market will go, at least not with enough consistency to generate trading profits over time.


For TradeStation users, the code for the Market Profile, along with instruction, is easy to find in the Easy Language forum. It is not the same as the TradeStation activity bars. It is not included with TradeStation, but is a separate indicator, with several versions in ELD form. Market Profile should not be considered an indicator, but in TradeStation it must be inserted as an indicator. There are also third party plug-ins. Ninja Trader also has a plug-in that can be purchased. CQG was the first vendor that offered the profile, and was the platform that Steidlmayer preferred at least when I studied at his Market Logic School in 1987. Many vendors offer superior profiles to what is available in TradeStation, but the TradeStation profile suits me.


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asr: this seems old concepts, with Vantage we can get definite range for day ..
Market Profile Basics
- examples ( see one given by esignal )
- seems this explains funda