Market Profile simplified with Jigsaw daytradr
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Despite 44 years have passed since the birth of Market Profile charts, they continue to play an important role in today's market analysis.
We're not here to debate whether market profile is superior to volume profile or vice versa. Both offer traders a unique perspective for analyzing trading activity distribution. Market profile focuses on time, while volume profile focuses on volume.
In many cases, the shapes of both profiles are remarkably similar, making the choice between them a matter of personal preference.
Today, these profiles are often used together, enabling traders to compare and contrast their insights.
In this video, we'll delve into the functionalities of the market profile chart type.
0:00 Initial overview
1:03 Open a Market Profile chart
1:29 Market Profile settings
2:38 Zooming in and out
3:29 Tick Compression in Market Profile charts
4:47 Market Profile settings, continuation
7:22 Summary
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