Introducing Time Price Opportunity (TPO): Tutorial

About this Video

• Video Title: Introducing Time Price Opportunity (TPO): Tutorial
• Channel: TradingView
• Speakers: Steph
• Duration: 20:09

Introduction

This video provides a tutorial on the Time Price Opportunity (TPO) indicator in TradingView. The speaker explains how to add the indicator to a chart, interpret its data (letters and blocks representing time periods of trading action), and utilize its settings to customize the display for various analytical purposes. The video aims to help traders understand and use TPO effectively.

Key Takeaways

• Adding the TPO Indicator: The TPO indicator is located in TradingView's "Indicators" menu under "Profiles." It can be found by searching "TPO" or "time."
• Interpreting TPO Data: Each letter in the TPO represents a specific time period (e.g., 30 minutes, adjustable). The blocks visually represent price movement during those periods. Consecutive letters represent subsequent time intervals within a session.
• TPO Settings: The settings menu allows adjustments to periods (daily, weekly, etc.), block size (time interval), value area percentage (70%, 90%, etc. to highlight the most active trading areas), opacity (transparency of blocks), and display style (letters only, blocks only, both).
• Using TPO for Analysis: TPO helps identify time periods with high volatility, wide ranges, or low volatility, aiding trading decisions. Combined with volume profiles, it gives insight into trading volume at specific price levels.
• Volume Profile Integration: TPO in TradingView includes an integrated volume profile, showing volume distribution within the price range. This additional data enhances analysis of price action.