TPO (Time Price Opportunity) Profile
The TPO Profile is a graphical representation of trading activity plotted over time.
TPO charts organize price and time into vertical columns to illustrate where trading has occurred at each price level. It provides traders with insights into market dynamics by showing the distribution of trading volume at various price levels throughout a specified period.
Key components of the TPO Profile include the Value Area, which represents the price range where a significant portion of trading volume occurred, and the Point of Control (POC), which indicates the price level with the highest trading volume.
The indicator includes alerts to notify traders when the market forms poor highs or lows, indicating potential reversal points.
Value Area Profile
The Value Area Profile is a refinement of the TPO Profile that emphasizes the most valuable price levels within a specified period.
It identifies the Value Area, consisting of the range of prices where the majority of trading volume occurred, as well as the Value Area High (VAH) and Value Area Low (VAL),
which mark the upper and lower boundaries of this range respectively. The Value Point of Control (VPOC) represents the price level within the Value Area with the highest trading volume. Additionally, the Value Area Profile highlights TPO Value Areas and the TPO Point of Control to provide a comprehensive view of market activity.
These alerts help traders identify significant price levels and make informed trading decisions based on market sentiment and momentum.