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Volume Profile and Market Profile are both popular tools used for intraday traders and investors but what's the difference between the two?
Company Profile is a thinkorswim feature based on Trefis data* that gives you an insight into what drives a certain stock’s value and enables you to create your own forecast of the stock’s price based on various parameters. These parameters are business-specific and based on both internal and external factors: the set of parameters is almost never the same for different companies ...
Apr 25, 2019 · ToS's built in Volume Profile is correct according to Professor Jeff Bierman, CTA. He worked as the chief market technician for ThinkorSwim for 5 years before the buyout by TDA. Keep in mind, just like the Fractal Energy Indicator is similar to the Chop Indicator even though the math constructs are different.
To start setting up market profile, navigate to chart settings and go to the appearance tab. At the top change the chart mode to Monkey Bar from Standard. Apply this setting and then change the charts time frame to a 30 minute profile chart. This is the standard for market profile periods. Navigating back into the settings and appearance tab ...
Aug 4, 2021 · On the market profile chart, only a few select timeframes are available. The most common ones are 5-minute, 30-minute, daily, weekly, and monthly. Many traders focus on the 30-minute timeframe. So let’s say you’re looking at a 30-minute market profile chart. The time frame comprises letters and/or varying colors.
The b-type pattern in the chart above is similar to the p-type pattern, only bearish. The skewed and asymmetrical pattern near the lower end of the trading range can potentially establish a bearish trend. Some traders may look to sell near the value area high. By default, Volume Profile displays in the expansion area to the right of a price chart.
Defines the number of periods to calculate Monkey Bars. Note that this setting is ignored if "time per Profile" input is set to "CHART". on expansion: Defines whether or not to show Monkey Bars on the expansion area of the chart. For more information on the subgraph expansion, refer to the Time Axis Settings article. profiles
