TPO Trading Analyzer Indicator for MT4 Download – Free – [TradingFinder]

The TPO Trading Analyzer Indicator analyzes market data based on Time Price Opportunity (TPO). This trading tool functions as a market profile, displaying areas with the highest trade concentration and uncovering hidden support and resistance levels.

This indicator utilizes color coded histograms to show volume levels. The intensity of the bars reflects the volume at each level.

TPO Trading Analyzer Indicator Specifications Table

The table below displays the specifications and features of the TPO Trading Analyzer Indicator:

Overview of the TPO Volume Analysis Indicator

Unlike the Volume Profile, which only shows volume at different price levels, the TPO Analyzer focuses on how often the price has been traded at each level.

This feature allows for a better understanding of the market's time structure.

Bullish Trend Conditions

Based on the 1-hour Solana (SOL) chart, the price tends to react and rise after touching high-volume zones.

The blue bars represent the most concentrated price levels, and the price tends to revert to these levels.

Bearish Trend Conditions

The 1-hour EUR/USD chart shows that dark-colored zones represent high-volume trading areas.

The image shows how prices typically react and drop when hitting these zones. These areas can be considered as opportunities for initiating short trades.

TPO Trading Analyzer Settings

The settings section of the TPO Volume Analysis Indicator includes the following:

Calculation

• Timeframe for range period: Selects the timeframe for generating the volume profile
• Number of ranges to consider: Number of profiles displayed simultaneously on the chart
• Step size for mode (in points): Precision for finding the high-frequency level
• Scale for point calculation: Scale for height and visual clarity
• Source of data (timeframe): Selects the timeframe for data input
• Type of volume (tick or real volume): Type of volume bars

Volumes Setup

• Style of bars for volume profile: Appearance of the volume profile
• Direction to draw (right/left): Display orientation on the chart
• Primary color for bars: The main color of bars
• Secondary color for bars: Secondary color for bars
• Line width for bars: Histogram bar thickness
• Color for the mode line: Color for the most frequent level
• Color for maximum volume: Color for the highest volume bar
• Color for median line: Color for the median volume bar
• Color for VWAP (Volume Weighted Average Price): VWAP display color

Lines

• Line width for mode: Thickness of the mode line
• Line style for median & VWAP: Style for median and VWAP lines

Note: The timeframe selected in the "Timeframe for range period" field should be larger than the chart's active timeframe.

Conclusion 

The TPO Trading Analyzer combines the concepts of TPO and Volume Profile to deliver in-depth information to traders.

This indicator visually and analytically shows how trades are distributed across different price levels over time. It can also be used alongside fundamental analysis, not just technical analysis.