To be a good trader, you need to have access to information; correct information will help you make the right decision regarding a particular stock.
It was developed by J.Peter Steidlmayer, as a tool to evaluate the market value as the day proceeded.
He wanted to show the graph with price in a vertical axis and time in the horizontal axis.
The graph was in a bell-shape fatter at the moderate prices with activity trailing off, and volume reduced at extremely higher and lower prices.
The market profile graph was shown to the public in 1985 as a part of the Chicago Board of Trade.
The trade was categorized into four pits local, commercial, member filling order for public and member filling order for the member.
