Tpoprofile — Indicators and Strategies

TPO IQ [TradingIQ]Hello Traders! Introducing "TPO IQ"! TPO IQ offers a Time Price Opportunity profile with several customization options that packs several related features to help traders navigate the generated profiles! Features TPO Profiles Single Print identification Initial Balance Identification Can be anchored to timeframe change Can be anchored to fixed time interval Last profile detailed visuals Customizable value area percentage POC identification Mid-point identification TPO Profiles A TPO profile is a market profile visualization that details how much time was spent at each price level throughout the time interval. The image above further explains what a TPO Profile is! Each letter corresponds to a candlestick. With this information, traders are able to visualize how much time was spent at each price area. With customizable gradient colors, specifically in this example, blocks colored red are the earliest times in the profile, blocks colored green are in the beginning half of the time midpoint of the profile. Blue blocks represent the first half of the end of the time period, and purple blocks correspond to the end of the time period. Please note that this form of TPO profile generation will only occur when the most recent profile uses less than 500 alphabet characters! If more than 500 characters are preset, TPO IQ will revert to using labels! Initial Balance TPO IQ also identifies the initial balance range and all alphabet characters that form within it! The image above exemplifies this feature. The initial balance range is denoted by a a neon-blue line, with a blue circle showing the opening price. All characters within the initial balance range are highlighted blue, which is a feature that can be disabled with customizable colors. POC TPO IQ also identifies the point of control (POC) of the TPO Profile. The point of control for the profile is labeled yellow by default, and shows where price spent the most time throughout the time period. The image above shows the POC for the time period being identified by TPO IQ. Value Area TPO IQ also identifies the value area of the profile. A customizable percentage that is 70% by default, the value area of a TPO profile shows where price traded the majority of the time. The image above further explains this feature. For this example, with the value area percentage being set to 70%, the value area high and value area low show the price zone that prices traded at 70% of the time throughout the profile. TPO Midpoint In addition to the POC, the TPO profile midpoint is also identified by TPO IQ. The TPO midpoint simply corresponds to the middle price between the session's high and low! Fixed Interval Mode By default, TPO IQ recalculates every day, but this can also be changed to a customizable session time, such as 4 hours. If 4 hours is selected, then a new TPO profile will be generated every 4 hours. However, in Fixed Interval mode, a TPO profile will be generated through a user-defined time range, such as 1300-1700. In the image above, Fixed Interval mode is applied with a time range of 1300-1700 and, consequently, TPO IQ generates a new profile throughout every 1300-1700 time range! This feature allows traders to specify time ranges of interest to generate TPO profiles for! TPO Overview Label The TPO overview label shows key statistics for the TPO profile generated throughout the trading session! The "TPO Count" statistic shows how many alphabetical letters were generated for the profile, which is an adequate method to determine the session's volatility and price range. The "Tick Levels" statistic shows how many tick levels were used to create the profile - another method to determine the volatility and price range of the session. The "Top Letter" statistic shows which letter appears most throughout the profile. In this example, the top letter was "f", which means throughout creation of the profile, the letter "f" appeared the most! And that's all for now! If you have any feedback or new feature ideas for TPO IQ please feel free to share them with us! Thank you traders!

Time & volume point of control / quantifytools What are TPOC & VPOC? TPOC (time point of control) and VPOC (volume point of control) are points in price where highest amount of time/volume was traded. This is considered key information in a market profile, as it shows where market participant interest was highest. Unlike full fledged market profile that shows total time/volume distribution, this script shows the points of control for each candle, plotted with a line (time) and a dot (volume). The script hides your candles/bars by default and forms a line in the middle representing candle range. In case of candles, borders will still be visible. This feature can be turned off in the settings. Volume and time data are fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours : 5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts > 8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts > 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining price for points of control, e.g. using close as source, the point of control is set to match the value of lower timeframe candle close. This could be replaced with OHLC4 for example, resulting in a point of control based on OHLC average. To identify more profound points of market participant interest, TPOC & VPOC as percentage of total time/volume thresholds can be set via input menu. When a point of control is equal to or greater than the set percentage threshold, visual elements will be highlighted in a different color, e.g. 50% VPOC threshold will activate a highlight whenever volume traded at VPOC is equal to or greater than 50% of total volume. All colors are customizable. VPOC is defined by fetching lower timeframe candle with the most amount of volume traded and using its close (by default) as a mark for point of control. For TPOC, each candle is divided into 10 lots which are used for calculating amount of closes taking place within the bracket values. The lot with highest amount of closes will be considered a point of control. This mark is displayed in the middle point of a lot: How to utilize TPOC & VPOC Example #1: Trapped market participants One or both points of control at one end of candle range (wick tail) and candle close at the other end serves as an indication of market participants trapped in an awkward position. When price runs away further from these trapped participants, they are eventually forced to cover and drive price even further to the opposite direction: Example #2: Trend initiation A large move that leaves TPOC behind while VPOC is supportive serves as an indication of a trend initiation. Essentially, this is one way to identify an event where price traded sideways most of the time and suddenly moved away with volume: Example #3: POC supported trend A trend is healthy when it's supported by a point of control. Ideally you want to see either time or volume supporting a trend:

TPO Market Profile [Kioseff Trading]REPOST; SCRIPT WORKS!! Due to technical error, this script was republished! Thank you for your support (: Hello! This indicator comprises a real time TPO Market Profile! The script works on any timeframe 1 second or greater - the script calculates relative to the timeframe selected for your chart. The image above shows the 1-minute BTCUSD chart; 650 +/- tick levels are set. To see the script in full functionality - try using bar replay on a cryptocurrency 1-minute chart (start at the beginning of a regular hours session). Be sure to adjust the tick spread if necessary (: So far, the script's held up in real time - I've not had any array loop errors or timeouts. The TPO profile updates accordingly with changes in time / high and low prices. Letters are appended to the profile in real time. The image above shows configurations for the indicator. I plan to update the indicator quite a bit over the coming days - more to come. You can select the timeframe change the indicator accounts for. For instance, you can have set the indicator to reset every day, every 30 minutes, every 5 minutes, every week, month, etc. In the image above, I configured the indicator to recalculate every 3 months. Consequently, the indicator will record a TPO profile for three consecutive, reset, then record a TPO profile for the next 3 months. This setting makes the indicator compatible with any timeframe greater than 1 minute. You can also use a drag & drop time-start bar to modify the starting point for the market profile TPO calculation. The indicator hosts an option to auto calculate the tick spread between levels. However, as you switch timeframes and assets, sometimes, you'll have to manually set the tick range (: Thanks for checking it out; more to come! Sep 4 Release Notes: UPDATE: The indicator can work on seconds-based charts. The image above shows the indicator working on the 1-second chart. (Screenshot is old; characters are now numbered instead of strange unicode) Release Notes: Added value area + vah + val. Font update. Changed characters to numbered once the alphabet is exhausted. POC, VAH, and VAL label located left of the first bar of the interval. Initial balance range can be toggled. Spaced the characters (more legible). Quite a bit of aesthetic changes so check it out! Soon, I'll release a version of the script that shows VAH, POC, VAL, and TPO letters from previous sessions. I coded this feature into this indicator; however, it was removed due to load time complications. This feature will be its own script (: If the script has trouble loading please let me know (:

TPO Letters [Kioseff Trading]Hello! "TPO Letters" functions similarly to the script "Realtime TPO Profile"; however, TPO characters are appended to a developing bar. Simply, TPO characters display on the bar that formed them. All colors are configurable. The image above emphasizes functionality; TPO letters are colored on a gradient . Additionally, the value area range is shaded; characters that form within the range are gradient colored. Gray-colored characters extend beyond the value area. The columned data displayed right of the TPO letters shows tick levels. Tick levels are shaded various colors, each color indicative of some occurrence. Tick Levels Red: Single Print Yellow: POC Lime Green: VAH or VAL Lighter Green: Value Area Inclusive Level Left of the TPO horizontal-axis, the aqua-colored line (blue-line inclusive) reflects the high-low range of the session; the blue-colored line reflects the initial-balance range (IBR). You can select to color TPO letters within the IBR blue (any color). Additionally, you can select to shade the IBR. The image above shows auxiliary features. Unfortunately, I'm unable to orient TPO letters at their intended tick levels using one label per bar, a contrasting feature of the "Realtime TPO Profile" script. This means only 1000 TPO letters can be displayed simultaneously. If the number of TPO letters exceeds 1000, early-session and middle-session characters will begin to disappear. This isn't an issue for the "Realtime TPO Profile" script, as each tick level comprised one label, to which additional TPO characters were appended to the label as necessary and extended horizontally. Using this same method proved fallible for this indicator - vertical scaling is an issue. While I could append all letters formed for a bar to one label, the letters wouldn't superimpose atop their corresponding tick level (using " " didn't suffice). Consequently, you'll have to, at times, rely on the label & box count oriented in the bottom-right table to see whether the number of labels & boxes transcends the upper threshold. You can hide this table at anytime (: The image above exemplifies the "Fixed Range" portion of the indicator. A useful inclusion for the "Realtime TPO Profile" script however, while still useful for "TPO Letters", can only display 1000 TPO letters concurrently. You can also reset the TPO profile at user-defined time intervals. The indicator hosts an auto-calculate tick levels option; however, there will be times you'll need to manually adjust the tick levels to achieve digestible results (: That's all! If the script would benefit from an excluded feature, or you notice an error, please let me know! Thank you (: Shoutout to @kaigouthro for creating an exceptional library for gradient colors!! It was used in this script (:

TPO Profile with Day Stat First of all I want to Thank @noop42 for creating this wonderful Market Profile chart in Pine script I have made some changes to this scripts This Script can auto calculate the TPO Size for NSE Symbols and MCX Crude oil. This Script Will only calculate the TPO's for visible range only so that the script use less heap size. I have added some of the day Statistics to enhance your visualization. Limitations of this Script Currently This Script can Plot Market Profile Chart only for Historical Data. It Can only Plot Market Profile Charts in 30-Mins Time Frame only so that you can't use it for Composite Profile Analysis. To plot Market Profile Chart in Real Time and Historical please use "Market Profile With TPO by Drother"