TPO Profile (a.k.a market profile®), is similar to volume profile. Time-Price-Opportunity (TPO) shows the price distribution during the specified time and highlights at which levels the price has spent the most time.
TPO profile is generally used in conjunction with volume profile to better identify areas of support and resistance.
TPO Profile (Session)
This TPO Profile is built on session (Trading Hours) defined in the reference chart or indicator settings. You can define two different sessions in the same indicator. The TPO Profile of each session is drawn at the beginning/end of session.
Point of Control (POC)
Price level where the greatest market activity occurred.
Letters & Boxes
TPOs can be represented by Letters, Boxes or Letters and Boxes together.
Two different display modes:
Internal to profile
Vertical line outside the profile
Any Chart Type
TPO Profile can be displayed on any chart type, including non-time based charts.
Ticks per Row configurable
The number of price levels per row (TPO) is configurable. Useful for instruments with a small tick size or large session range.
Latest Profile & Historical Profiles style
You can configure the latest TPO-Profile with a completely different style than the historical TPO Profiles.
Initial Balance interval configurable starting from the beginning of session.
Single-Prints (Singles) are price levels containing only 1 TPOs. They indicate that market has moved too fast in that area and prices will most likely tend to return to those levels in the future.
Period Open Price Highlighted
Markers & Lines
… and more