Market Profile Basis

MARKET PROFILE ILLUSTRATIONS

Bell curve-1st Standard Deviation INITIAL BALANCE = IB Market Profile RANGE VALUE AREA = VA POINT OF CONTROL = POC RANGE EXTENSION = RE CLOSING RANGE = CR SELLING TAIL BUYING TAIL

This is the main Market Profile chart I use. I do not use the letters. I overlay 30 minute candlestick bars on top of the profile. This allows me to visualize TPO movement more clearly than Market Profile letters. I assume if you use the letters long enough you may see the movement better without price bars or candlesticks. The candlestick chart also gives me additional information which a Market Profile chart containing letters does not.