Profile Indicator (PROF)
The Profile indicator enables the user to overlay a price-based profile over a multi-pane intraday chart. The Profile provides a "Price/Row" preference which dictates the height of each row. The width of each resulting row will represent how many bars during the session in which that row's price range was touched. If the periodicity of the chart is 5-minute, and the width of a row is 3 bars wide, then the range of three of the 5-minute bars for that session actually overlapped the price range of that row. The widest row is called the Point of Control (POC). The Value Area (VA) is commonly considered the area in which 70% of the price action transpired. This percent level is adjustable, as some prefer to use alternate VA % levels such as 80%. Options for drawing the current and previous POC and VA lines are provided in the Profile preferences. Another option dictates how many sessions for which the Profile will be computed and displayed. The Profile may be drawn as Solid or Hollow Blocks, Solid or Hollow Ovals, Dots, or Lines. A "Hide Profile" checkbox gives the user the ability to hide the actual profile and draw only current and/or previous POD and VA lines. The "Current" and "Previous" POC and VA lines are also optional, as well as VA and POC labeling.
