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11:53
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Originally posted by melenova
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That is a 'volume at price' indicator, showing the volume transacted at that price. So it comes out as a histogram and shows the 'value' areas, where the market found agreeable buying and selling. These areas tend to line up with support/resistance levels and it helps me to build a better picture of what is happening in the market.
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Cheers mate , yes i have read about market profile theory. I have been scanning for selling climax's and just tinkering with my scanner on metastock. See what you think of efe and tah
