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Market Profile is a frequency distribution
of intraday price movement but it uses time,
rather than volume as it's independant variable.
When this data is plotted on a chart it usually forms a bell curve.
you simply by at lower price end of bell curve and sell at higher end.
With proper studying, traders are able to identify
market participants by timeframe and patterns of trading.
In essence, you start to think like a floor trader.
Hope this helps.
Isaac
-----Original Message-----
From: jdfo [mailto:jdfo@xxxxxxxxx]
Sent: Thursday, July 22, 1999 10:37 AM
To: Omega List
Cc: Real Traders
Subject: MarketProfile
Recently several people have submitted codes for Market Profile. What is
the attraction here? And what submitted code actually can be installed in
Trade Station. Does this tool really provide assistance in day trading and
if so, on what markets?
If it is helpful, will someone provide a working code so I and others can
install it in Trade Station.
Many thanks,
John
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