What is Market Profile Trading? Charts, Indicator, Strategy, Books, & Course
Updated: Oct 24, 2022
Market Profile is a technical concept with a unique charting technique developed by Peter Steidlmayer when trading at the Chicago Board of Trade (CBOT), and it was open to the public in 1985.
Market profile is a style of plotting "Price" on the Y-axis and "Time" on the X-axis, which most of the time form a bell-shaped image as the body of the profile.
It helps day traders identify Other Timeframe Participants (Big players) who have money and information power. Our job as short-term traders is to follow these big sharks, which give direction to markets.
We do share live intraday options trades (based on market profile and open interest) on our Telegram Channel, to know more, you can join here - Traders Group Run by Indrazith
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