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Market Profile - Composite Profiles Visual References

A few days ago I posted Market Profile Indicator - Multiple Composite Profiles. Today I will show you a simple visual references that you can get from this indicator.

On Friday there was a breakout against the upper limit of 3, 5 and a 10 days bracket of the composite profiles.

Bracket Breakout

Today We've got the following visual references:

20 days bracket unchanged
10 days bracket expanding
Two distributions at 3 and 5 days composite profiles, no bracket because there is more than one distributions on the composite profiles.

Notice there is a jump on London open from the upper line of the lower distributions of 3 and 5 days composite profiles.

New Visual References

That is only a simple visual references. Sure we'll got a ton of it by extracting/analyzing raw data from the Export Refs Utility of this indicator. As we can see on the image below.

Refferences - Raw Data

Market Profile Indicator - Multiple Composite Profiles

If you want to see the composite profiles of 3, 5, 10 and 20 days, then this indicator is suitable for you. You can set it to display only what you need, such as 10, 20 and 60 days or just one composite profiles of the last 5 days.

This indicator is based on Donald L. Jones's book, "Value-Based Power Trading: Using the Overlay Demand Curve to Pinpoint Trends & Predict Market Turns". You may need to read it. The book is free, you can download it from his website(www.cisco-futures.com). There are also a lot of free stuff on his website that might be useful for you.

How it looks like

Market Profile - Multiple Composite Profiles

Indicator Inputs

Market Profile - Composite Profiles Indicator Inputs

I will update this post or create a new post for details on using this indicator.

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This indicator is free, you can download it from my Google Drive. It may take some time for me to know your download request.

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