As it was informed by "Market Leader (US)"
Price, Time and Volume: Origins and Outcomes
I would like to say a couple of words dedicated to the first anniversary of the FUTURES TRADE AND STOCK EXCHANGE Faculty abouthow we came to trade on the basis of stock market volumes and what it all eventually resulted in.
After working for some time on popular platforms that provided detailed information we understood that having a host of data packed into a nice terminal wasn’t quite enough for successful trading and a lot of things either didn’t work in the form available to us or were useless.
In January 2008 we chanced upon information about Market Profile – or МР. We studied it and ultimately came to the conclusion that the MP theory was quite accurate in reflecting market sentiment though a model that it results in has a number of assumptions because of lack of primary information. But this didn’t prevent this ideology from developing at all as such analysis essentially involved medium-term nature of trading with minor inaccuracies changing the picture of the situation very little.