TPO Volume Insights Indicator for MT5 Download – Free – [TradingFinder]

The TPO Volume Insights Indicator uses horizontal bars to visually identify key market areas such as support and resistance levels, price balance/imbalance zones, and Points of Control (POC).

This trading tool uses yellow bars to represent volume distribution at various price levels, while the main POC is highlighted with a red bar.

TPO Volume Indicator Specifications Table

The specifications of the TPO Volume Insights Indicator are outlined in the table below:

TPO Volume Insights at a Glance

The Point of Control (POC) marks the price level with the highest traded volume, and is illustrated with a red histogram.

This level is considered a potential support or resistance zone, and a significant reaction is likely when the price returns to it.

Bullish Trend Conditions

According to the 1 hour Ripple (XRP) chart, the price touches the POC area and responds with an upward movement.

In such scenarios, the highlighted areas can be considered promising opportunities for buying positions.

Bearish Trend Conditions

On the 30-minute chart of EUR/USD, the price tests the POC levels twice and then continues downward.

As illustrated, POC levels act as resistance zones during a bearish trend and provide favorable conditions for entering sell positions.

TPO Volume Indicator Settings

The customizable settings of the TPO Volume Indicator are as follows:

• Number of Last Candle in Calculate Time Frame: Number of candles used for calculation
• Calculate TimeFrame: Timeframe for TPO/Volume analysis
• Number of Levels: Number of volume profile levels shown on the chart
• Color of Volumes: Color of volume bars
• Color of TPO: Color of TPO bars
• Type of Show Volume Levels: Mode of displaying volume levels
• Set Scale for Show Box (%): Percentage scale of profile boxes on the chart
• Distance from TPO to nearest candles: Distance between TPO and the nearest candles

Set lines Setting

• Style of rectangle lines: Style of drawn rectangles
• Width of rectangle lines: Line thickness
• Filling a rectangle with color: Enable filling of the rectangle background

Conclusion

The TPO Volume Insights Indicator is an advanced tool in technical analysis, developed by integrating TPO (Time Price Opportunity) and Volume Profile concepts.

This indicator enables traders to examine market structure based on time, price, and volume by displaying volume bars across various price levels.