Market Profile Intraday Charting is designed keeping in mind the concept of Market Profile where the system shall evaluate market value as it developed in the day time frame. The price displayed on vertical axis and time on the horizontal. The Price chart graphically looks like a bell shape curve.
They’re typically based on price and volume on a single chart. Market profile charts are also known as TPO, or volume profile chart.
Indian market, market starts at 9:15 am and ends at 3:30 pm. Hence we have letter “A” formed based on price movement from 9:15 till 9:45 am then Letter “B” will form with price action movement from 9:45 am till 10:15 am, and this will continue till 3:15. Finally it ends with letter “M” which represents price action from 3:15 till 3:30 pm.
You can watch the detailed video below to understand how this system works and its live market performance.