Market Profile® is a statistical analysis of price activity over time. It shows a statistical distribution (i.e. "bell curve") of where the market traveled over the course of a time period. That time period could be 1 day, 1 week, etc. Within this distribution is the concept of "Value," which is a representation of the trading that took place within the distribution's first standard deviation.

Traditionally, a day is broken up into 30 minute time brackets with each 30 minute bracket represented by a letter. The chart displays these letters in a graphical distribution, not a typical time-based chart. There are different ways you can apply this information, but one of the most common is to help define "value" and show where a market is balanced and imbalanced. Using this information a trader can then employ various strategies for executing trades against a sound statistical methodology.

MarketDelta Market Profile® Features:

• Dynamically updated
• Historical Playback
• Build multi-day profiles
• Build intra-day profiles
• Side by side profile display - splits and overlays (composite profiles)
• TPO, Initial balance, Opening Range, Value Area,
• Volume based value area and POC can all be shown
• Volume histogram displayed
• Various color shading of letters and backgrounds
• Reference lines
• Split one or all profiles into each letter column
• Open and close indicators
• Mark naked POC’s
• Mark single prints
• Split overnight and day profiles
• Extend custom ranges like IB, VA, OR, etc.

 Video Tutorials

• MarketDelta Overview -You may want to refer to this hi resolution video for a quick overview of what our Market Profile® can do.
• Market Profile Preferences - This hi resolution video explains our Market Profile® preferences settings.
• Click here for additional videos on Market Profile charts.

Knowledge Base articles for specific Market Profile® techniques and settings:

An overview of Market Profile settings

How to Populate your price database for Market Profile charts - This is how you can make sure your MarketDelta software has all the price history necessary to display Market Profile charts for purposes of seeing past distributions.

How to Split your Market Profile - "Splitting" refers to taking a distribution and dividing it up into multiple distributions.

Building Long-Term Market Profiles - While it is common to show one profile for each trading day, it can also be useful to look at weekly or monthly distributions of price activity.

Also:

Our Help Manual (PDF) has an excellent Market Profile® section. Just do a search in it for Market Profile.

There is also a Market Profile® category on our Blog has lots of good articles and examples.