Does anyone use Market Profile in the Forex market? Apparently it works well on Indexes. See reference: [ http://www.cbot.com/cbot/pub/page/0,3181,1184,00.html ]
I have coded my own interpretation of MP in OmniTrader Pro (see attached), but at a first glance I think that it would work very well on quiet days, but on a major news day it probably wouldn't.
I would appreciate your views.
PS. for some reason I cannot attach a picture, but check the reference for an idea.
I have coded my own interpretation of MP in OmniTrader Pro (see attached), but at a first glance I think that it would work very well on quiet days, but on a major news day it probably wouldn't.
I would appreciate your views.
PS. for some reason I cannot attach a picture, but check the reference for an idea.