Last updated
Last updated
A Time-Price-Opportunity (TPO) histogram displays trading activity by showing how long the market traded at each price during a specific time frame. This helps pinpoint support and resistance levels and can suggest where to enter or exit trades.
The Point of Control (POC) on a TPO histogram represents the price at which the most time was spent trading and represents a perceived fair value by market participants.
The value area on a TPO histogram represents the price range in which the majority of trading (around 70%) occurred during a given period.
The Time-Price-Opportunity (TPO) histogram and point of control line (POC) will be displayed on the chart if is selected in the settings. An option to can also be selected in the settings.
Specifies the percentage TPO that will be considered the value area.
Sets the display mode for the TPO.
Sets the higher timeframe used to calculate TPO. If a value other than ‘chart’ is set, this will override the setting in the section.
The Higher Timeframe trailer analyzes macro trends over 1000 candles, at the resolution of the current timeframe loaded in TradingView. See the section for details.
The Price Action (TPO) algorithm determines trend direction with calculations based on Time-Price-Opportunity (Market Profile) data.
