Taking a Look at Price Distribution Charts
Posted by John on August 23rd, 2008
Have you seen a chart like this before? (click to enlarge)
This style of chart is known my a number of different terms. Market Profile is one. TPO charting is another. Volume at price is a third. Although they are becoming more prevalent, I’d venture to say that most traders haven’t looked at charts like these before.
The idea of these charts is to identify where the market is spending the most (and least) amount of time. Think of it like taking a bar chart and squeezing all the bars together. That gives you a distribution...


