Enhance Your Market Analysis with Precision TPO Profiles
TPO IQ provides a Time Price Opportunity (TPO) profile analysis with extensive customization options. This indicator allows traders to gain valuable insights into market structure by visualizing where and how long price levels have been traded.
Features & Functionality
TPO Profiles
- Visual representation of market structure through time-based clustering
- Letter-based labeling for different trading periods
- Customizable colors for better interpretation
Initial Balance Detection
- Highlights the initial balance range of each trading session
- Identifies price movements within this critical range
- Helps traders spot early trend formations
POC (Point of Control) & Value Area
- Detects the price level with the highest trading activity
- Calculates the range where 70% of the trading time was spent
- Essential for recognizing support and resistance zones
TPO Midpoint Calculation
- Displays the equilibrium between session high and low
- Key reference point for potential price reversals
Flexible Time Anchoring
- Daily recalculation of TPO profiles
- Adjustable time intervals (e.g., 4-hour profiles)
- Fixed Time Range Mode for analyzing specific market sessions
Advanced TPO Overview
- Displays key market statistics for each session
- Number of TPO clusters as an indicator of volatility
- Identification of high-activity price levels