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Market Profile Indicator (TPO)

Description

A TPO is a Time Price Opportunity. This is marked as a single letter in a Market Profile. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price that the market traded at during that time interval. It is called Market Profile terminology. In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile rather than volume-at-price. The indicator can help determining of Support-Resistance levels.

Benefits

Display Market Profile on Chart (Time Price Opportunity)

Show Prices that Market Traded During Time Interval

Can Help Determining of Support-Resistance Levels

No Need to Optimize

Snapshots