TPO Trading Analyzer Indicator for MT5 Download – Free – [TradingFinder]

The TPO Trading Analyzer Indicator is a professional tool for analyzing market behavior based on Time, Price, and Opportunity (TPO).

Developed based on the Market Profile methodology, this indicator identifies and maps high-volume trading zones and hidden support and resistance levels.

It displays trading volumes at different price levels using colored histograms. The intensity of the bars indicates the volume traded at each level.

TPO Trading Analyzer Indicator Specification Table

The specifications of the TPO Trading Analyzer Indicator are as follows:

TPO Volume Analysis Indicator at a Glance

Unlike the Volume Profile, which only displays volume at each price level, the TPO analytical tool examines how often the price has interacted with each level.

This focus on the frequency of price presence at different levels offers a deeper understanding of the market's time based structure.

Bullish Trend Conditions

According to Cardano's 30-minute chart (ADA), the price often reacts positively and tends to rise after touching high-volume zones.

The blue bars represent areas of order concentration and typically act as price reversal points.

Bearish Trend Conditions

Based on the 1-hour chart of XAG/USD (Silver/US Dollar), the dark-colored zones highlight high-volume areas.

As shown in the image, price typically faces selling pressure upon contacting these zones and enters a bearish trend.

Therefore, these reactions can be considered as potential short-term trade entry points.

TPO Trading Analyzer Settings

Review of the TPO Volume Analysis Indicator settings panel is shown below:

Calculation

• Timeframe for range period: Defines 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 level for detecting frequent price levels
• Scale for point calculation: Scaling used for height and visual clarity
• Source of data (timeframe): Sets the data input timeframe
• 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 direction on the chart
• Primary color for bars: The main color of the bars
• Secondary color for bars: Secondary color of the bars
• Line width for bars: The Thickness of the histogram bars
• Color for the mode line: Color of the most frequent price level
• Color for maximum volume: Color of the highest-volume bar
• Color for median line: Color of the median volume line
• Color for VWAP (Volume Weighted Average Price): Color used for VWAP

Lines

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

Note: The selected timeframe in the "Timeframe for range period" field must exceed the chart's active timeframe.

Conclusion 

The TPO Trading Analyzer combines the concepts of TPO and Volume Profile to provide traders with a broader view of market behavior.

This analytical tool visually and analytically illustrates how trades are distributed over price levels across time.

In addition to technical analysis, this indicator can enhance trading decisions when used alongside fundamental analysis data.