Price at which the most TPO’s occur in the Market Profile chart
during the previous day. The prices that saw the most activity. Visually the
longest horizontal line.
VA = Value Area
Range of prices containing 70% of TPO's in a profile.
The Value Area is where price was accepted by the "majority" of the market participants.
VAH (or UVA) = Value Area High
Highest price of previous day's Value Area.
VAL (or LVA) = Value Area Low
Lowest price of previous day's Value Area.
A from previous days trading range that price has not returned to on any following days.
IB = Initial Balance
Price action occurring in the 1st 60 minutes of trading = completion of 1st 2 market profile letters.
SP= Single Print
One letter that breaks the , very easy to go back when your are in a SP area
The is a great way to see the "comfort zone" of the market.