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:
Build multi-day profiles
Build intra-day profiles
Side by side profile display - splits and overlays (composite profiles)