Market Profile Part 2 by Thomas P. Drinka, Ph.D. and Robert L. McNutt
ARTICLE SYNOPSIS ...Market Profile
by Thomas P. Drinka, Ph.D. and Robert L. McNutt
The market is composed of time, price and volume. Each day, the market--in attempting to facilitate
trade--develops a price range delineated by the daily high and low and a Value Area where most of the
prices congregate. Volume is generated by the interaction of time and price.
A ""brief time/price relationship"" is established when price does not remain in a particular range for a long
time period. In this case, the market does not accept a particular price or price area and moves away from
An ""extended time/price rel...