Sometimes ago we have an expert trader who mentioned some key words related to Market Profile and I think it will be beneficial to share those key term. Hopefully it will be usefull if I managed to post any future articles related to market profile. Enjoy!
2. Range extension - price action extending beyond the initial balance
3. Range - range from high to low
4. Single print buying tails - any single print TPO's at the lower extreme of the profile
5. Single print selling tails - any single print TPO's at the upper extreme of the profile
6. Point of control (POC) - price level of most volume. POC indicates an area of greatest market activity
7. TPO - stands for Time Price Opportunity. Letters are used to build the market profile structure. Each letter represents a half hour period. The letter is also known as the TPO.
8. Value are - price range in which approximately 70% of the market volume took place.
9. Value high - the upper pivot of the value area
10. Value low - the lower pivot of the value area
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