Market profile chartbook for Sierra Chart

Market Profile and volume profile in one workspace

Market Profile (TPO) and volume profile describe the same session in two ways. The TPO chart counts time: each period, usually 30 minutes, prints a letter at every price it traded, so wide areas show where the market spent time. Volume profile counts the contracts traded at each price. Their POC and value area often differ, and reading both is how many futures traders tell accepted prices from rejected ones. The differences are covered in volume profile vs Market Profile.

What is configured in this chartbook

• A TPO chart with letters, with the TPO POC, Value Area High and Value Area Low.
• A daily volume profile with its own POC, VAH and VAL, so you can compare both value areas at a glance.
• Blank (naked) POCs: earlier points of control that price has not traded back to yet.
• The initial balance: the range of the first hour of the session.
• Opening and closing prices, marked on the chart.

Data you need

A real-time data feed and enough intraday history for the sessions you want to study. No market depth is needed. Session times matter more than data here: a profile built on the full Globex session and one built on the day session (RTH) give different levels. Check Chart >> Chart Settings >> Session Times after installing; the setup is explained in Sierra Chart TPO profile chart setup and Sierra Chart volume by price setup.

Who it is for

Traders who build their plan around value: where the market accepts price, where the previous day's value area sits, and whether the open is inside or outside it. It works on any instrument in your feed and gives context for intraday trades as well as longer holds.