A framework to visualize time-price opportunity via letters (TPOs) that display auction behavior and market structure across time.
Developed by J. Peter Steidlmayer at the Chicago Board of Trade, Market Profile provides a dimensional view of market activity by mapping time at price. This visualization reveals the auction process, showing where the market spent time (opportunity) rather than just price extremes. By identifying value areas, poor structures, and acceptance/rejection zones, Market Profile helps traders understand the "why" behind price movement.