Profile Area

What it does

This tool draws a Market Profile volume area and Market Profile point of control for the selected bar range. It uses the same algorithm as the MPVA study to calculate these values.

The high, low, and POC values are displayed in the cursor value box.

Profile Area is available on all charts (except Market Profile). You can open a Market Profile chart, if one is not already open, from this tool by right-clicking and selecting Open Market Profile. If you already have a Market Profile chart open, clicking Open Market Profile changes the symbol used to match the Profile Area symbol. The Market Profile uses the same time periods and configuration as the Profile Area.

It requires an enablement.

How to use it

1. Right-click the chart, point to Pointer Tools, then click Profile Area. The cursor changes.

2. Click the chart where you want to start.

3. Expand the area by dragging the mouse.

4. Click again where you want to end.

Like several other pointer tools - Currency, Ellipse, and Rectangle – the Profile Area can be modified.

1. Click the Profile Area, so that red squares appear at both the start and end points.

2. Click the red square to activate the pointer tool.

3. Drag the mouse to the new position, and click.

Profile Area parameters

PA: Start = First bar in calculation

PA: End = Last bar in calculation

Parameter	Description
MP Interval	Bar values are calculated using this interval in static mode.
Dynamic	Select this check box to switch from static to dynamic mode. In static mode, all values have a single value for the whole time range. In dynamic mode, the values are cumulatively calculated for each dynamic interval beginning at the start.
Dynamic Interval	In dynamic mode, values displayed for each bar are calculated using this interval that includes the bar close.
Date	Select start and end dates for bounds of profile area.
Time	Select start and end times for bounds of profile area.
Display	Opens sub-window with display properties for: Marquee, Shading, High, Low, POC, POC2, POC3, POC4, POC5, TPO Profile (number of time segments that this price was traded at), and Volume. POC Distance determines how many ticks between POCs. For example, a setting of 5 indicates that a range of 5 ticks is ignored when searching for the next POC.
Calculate On	Values: • Price • Volume
Type	Volume type. Values: • Exchange Only = total number of contracts traded during the selected chart interval. • Tick Only = number of inside price changes, i.e. the count of how many times a last price has been changed over a time period. • Exchange or Tick = exchange volume is used if it’s available, otherwise ticks are used.