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I'm not sure what you're speaking of. But Market Profile looks at the market distribution as a bell curve. The area in any given time frame will trade in a bell curve shape with 70% of trade making up the value area. This means 70% of all traders thought they were buying or selling at a fair value. When price reaches an extreme it will return to value.
An MP chart is made up of letters representing equal time periods (usually 30 min for intraday) moving from left to right. The letter is on the line of each price it traded at during that time frame. The CBOt has a free e-manual on it. |
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mind over markets
and
markets in profiles
are among the best books on the Topic of Market profile