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The key configuration of a market profile indicator is the resolution, which is the secondary data series that the indicator uses for sampling volume or TPO distribution.
For example, if you use a 1-tick resolution, the indicator will automatically add a 1-tick data series "behind the scenes" to compute the distribution of volume or TPO by price. The indicator supports 3 resolution types: tick, second, minute.
Which resolution to choose is basically a trade-off between profile accuracy and loading speed. Higher profile accuracy worsens loading speed, and vice versa.
The loading speed also depends very much on the speeds of your internet connection and data feed. Here is the list of resolution configurations sorted in descending order of profile accuracy: 1-tick resolution
Now you have understood the effect of each configuration. Please test the configurations on your end to derive the most suitable one. Here are some advice:
If you are still not sure which resolution is most suitable, please contact us for FREE instructions.
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Live Trading Nasdaq | 19 trades, 16 wins with Renko system Poseidon Trident —E