Further study begins with the question: what does this profile count? The NinjaTrader Help Guide describes profile modes based on volume, time at price, and Tick activity.
Key concepts
- Volume Profile
- A price distribution built from the selected volume data.
- Price Profile
- A distribution based on recorded price activity over time; it is not the same measure as traded volume.
- Tick Profile
- A count of Tick activity at price levels. It does not represent the amount of volume traded.
Learn it step by step
- 1Record the profile mode, resolution, Ticks Per Level setting, and session range.
- 2Use the same interval when comparing a Session Profile with a custom range.
- 3Observe how developing POC and Value Area calculations can change as additional data arrives.
Different profile modes answer different questions. Check that the underlying definitions match before comparing them.