Market Profile Trading A to Z | Order Flow | Auction Market Theory | Value Trading | iTradePod

Market Profile Trading A to Z

Market Profile Trading Glossary

Glossary assembled by Andrew Hall, iTradePod. If you have any feedback or would like to see a term added or amended please leave a comment below or contact us.

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NCR4IC - Narrowest Inside-day Candle in Range of 4. within the most recent 4 candles we look for a candle that fulfils two conditions. Firstly that it is the narrowest candle. Secondly it is an inside-day candle. NCR4IC is like a micro value area that, when observed in the context of a multi-timeframe setup, often results in a coiled move that can be scalped of a few ticks.

Normal Distribution - a very important aspect of statistical analysis. All normal distributions are symmetric and have bell-shaped density curves with a single peak. The graph of the normal distribution depends on two factors - the mean and the standard deviation. The mean of the distribution determines the location of the center (i.e. the POC) of the graph, and the standard deviation determines the height (vertical development: VAH;VAL) and width (horizontal development, Balance, Value) of the graph. When the standard deviation is large (balanced), the curve is short and wide; when the standard deviation is small (elongated, imbalanced) the curve is tall and narrow.

Normal Distribution Day - wide Opening Balance which usually establishes and contains the HoD and LoD. These days are more the exception than the rule.

Normal Distribution Variation Day - the Opening Balance in the early session is less dramatic. Later in the day this shorter Opening Balance experiences range extension on one extreme as a longer timeframe market participant enters the auction.

Neutral Day - a Balanced day when both buying and selling range extension occurs. Neutral days are formed when both the Long Timeframe Buyer and Seller are actively participating within the same price range indicating their uncertainty. The day usually ends unchanged.

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