Parameter

Description

Display

Opens sub-window with Color, Weight, Display, % Dist, and Type parameters for TPO Text, TPO Background, Value Area, Value Area Shading, Point of Control (1-5), Initial Balance Range, Open Price Marker, Mid Price Marker, Current Price Marker, Split Markers, Volume, and Volume Border.

Color = Select colors for Market Profile bars.

Weight = Select thickness of bar.

Display = Select the check box to display the component on the chart.

Display (Point of Control only) = Opens sub-window with Display, Color, and POC Distance. 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.

% Dist = Determines the range of the value area: n% of the volume occurs within this range.

Type = Select Auto, Price, or Volume.

MarkIt

Opens the Specify Conditions for Marking Bar window.

Type

Volume type. Values:

•      None

•      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.

IBR Period

Determines the number of TPOs used for the Initial Balance Range.

Line Spacing

Determines the TPO vertical line spacing as a percentage of the specified font size.

Value Scale

Determines the scale of the Market Profile by setting the number of minimum price ticks represented by each TPO.

Tick Size

Allows you to enter a tick value, which represents the minimum price move.

Resolution

Determines the resolution of the TPOs. Choices are: High, Medium, and Low.

Resolution refers to how the bars are built, and it only applies to spread Market Profiles. Bars are built for each time frame within the High, Medium and Low resolution classifications like this:

In other words, the bars for a daily spread chart with high resolution selected would be built by examining the differences in the closing prices for the respective contracts at each 5-minute interval and constructing the High, Low and Close for that bar based on those differences. Likewise, for a spread Market Profile with a medium resolution, the bars would be built from the closing values for each 30-minute interval.

Look

Select Normal or Compact. A compact view changes the letters to lines in order to condense the view.