Discover and read the best of Twitter Threads about #mppaatshaala

Most recents (1)

Weekend learning on basics of #MarketProfile -
Why does Market Profile fascinate me?-In contrast to what candlesticks offer,MP gives a 3D view of looking at price action - Price, Time & Volume. Is this a holy grail? Well, absolutely not! Here are some basics #MPPaatshaala- (1/n)
When prices are regulated by time and are arranged in Gaussian normal distribution, it forms a nice Bell shaped curve that shows statistical probability of 68% of price range where they spend most of the time, called 1SD (Standard Deviation σ) - (2/n)
Basic building block of a market profile is TPO - Time Price Opportunity. As shown in the picture, 30 min chart is represented by plotting letters.Each letter denotes TPO. This helps to get to intricate details of how price gets plotted that a candlestick may not offer -(3/n)
Read 33 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!