Wednesday, March 25, 2009

Thursday, March 12, 2009

Free Market Profile

Market Profile Calculator could be found here:
http://www.mypivots.com/calculators/market-profile-calculator.aspx

It is pretty trivial version with fairly ascetic inferface and without much functionality. Hey, it still works.

Short definition of Market Profile (quoted from the same resource):

A Market Profile is the arrangement and presentation
of market action as a vertically aligned bell curve.
Here is an example of a market profile:

1285.00 M
1284.75 HM
1284.50 DEGHM
1284.25 DEGHM
1284.00 DEGHM
1283.75 DEFGHIMN
1283.50 DEFGHIMN
1283.25 DEFGHIMN
1283.00 DEFGHIJKMN
1282.75 DFGHIJKMN
1282.50 DFGJKLMN
1282.25 DJKLMN
1282.00 DJKLMN
1281.75 DJKLMN
1281.50 DLMN
1281.25 DLMN
1281.00 LMN
1280.75 LMN
1280.50 MN

Each series of letters represent a 30 minute time
bracket and placing that letter against the price
indicates that the market traded at that price
during that time bracket.