Steidlmayer Market Profile then who created Volume Profile? | Traders Hideout - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Steidlmayer Market Profile then who created Volume Profile?

  #5 (permalink)

Washington State
Trading Experience: Intermediate
Platform: SC & NT
Broker/Data: AMP. CQG
Favorite Futures: RTY, CL
TradeAction's Avatar
Posts: 49 since Sep 2014
Thanks: 64 given, 43 received

Blash View Post
Back in the day on the floor trading in the pits traders did not have solid idea how much volume was being traded. They wrote down their own volume on paper cards and turned it in at the end of the day. Then looking back they could see how much volume was traded. Hence Market Profile. Because they DID have time and price during the day. Volume Profile is just the nature grow of market profile.

The "card"....

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Sent from my iPhone using Tapatalk

Very interesting detail there. It makes sense why they would use time back then. Being that volume would be delayed they needed something that was readily available to them to measure that Bid/Ask activity. Which was TIME.

Simply meaning the more Time that Price would spend at an area would indicate some type of activity was taking place there.

Thanks for the insight.

Last edited by TradeAction; August 11th, 2016 at 09:58 PM. Reason: More realization and understanding after thinking about what was shared.
Reply With Quote
The following 3 users say Thank You to TradeAction for this post: