Charting and Studies User Guide - CQG.com

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Market Profile Parameters
• Display: Choose display properties, such as color and line weight, for TPO Text, TPO
Background, Value Area, Value Area Shading, Point of Control (1-5), Initial Balance
Range, Open Price Marker, Mid Price Marker, Current Price Marker, Split Markers,
Volume, and Volume Border. Point of Control has additional display parameters. POC
Distance determines how many ticks between POCs. For example, a setting of 5
indicates that a range of 5 ticks is ignored when searching for the next POC.
• MarkIt
• Type: Determines the type of volume displayed with the Market Profile. Options include:
tick only, exchange only, exchange or tick, and none.
Chart Types
Actual volumes represent the total number of contracts traded during the selected
chart interval.
Tick volumes are the number of price changes that occurred during a specified time
period.
For Exchange or Tick, exchange volume will be used if it’s available, otherwise ticks
will be used.
• IBR Period: Determines the number of TPOs used for the Initial Balance Range.
• Line Spacing: Determines the TPO vertical line spacing as a percentage of the specified
font size.
• Value Scale: Determines the scale of the Market Profile by setting the number of
minimum price ticks represented by each TPO.
• Tick Size: Allows you to enter a tick value, which represents the minimum price move.
• Resolution: Determines the resolution of the TPOs. Choices are: High, Medium, and
Low.
Resolution refers to how the bars are built, and it only applies to spread Market
Profiles. Bars are built for each time frame within the High, Medium and Low
resolution classifications like this:
In other words, the bars for a daily spread chart with high resolution selected would
be built by examining the differences in the closing prices for the respective
contracts at each 5-minute interval and constructing the High, Low and Close for that
bar based on those differences. Likewise, for a spread Market Profile with a medium
resolution, the bars would be built from the closing values for each 30-minute
interval.
• Look: Select Normal or Compact. A compact view changes the letters to lines in order
to condense the view.