how to create Market Profile chart TPO

Discussion in 'Beginners Guide' started by harryp, Mar 29, 2016.

  1. harryp

    harryp New Member

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    Hi,

    I'm new to this forum and also to trading. I've been searching the internet for TPO or market profile chart tool. I know there are some paid tools but im too new to know which one to invest in.

    Can some one please tell me how do I create my own chart with Volume and price orders. Also is it possible to get historical data of previous day for all orders which went through at specific price points ?


    Traderji mods keep deleting my threads i dont know why. lets hope this one goes through
     
  2. varunkumarsharma

    varunkumarsharma New Member

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    Answer : TPO stands for Time Price Opportunity or Market Profile chart

    By using a TPO chart, you are able to analyze the amount of trading activity, based on time, for each price level the market traded at for any given time period.

    The TPO Profile Chart study allows you to clearly see the areas where the market is trading at most of the time.

    The TPO Profile Chart study identifies the Point of Control which is the price level where most of the trading is occurring timewise and the surrounding Value Area.

    The TPO Profile Chart study can be used on its own or it can be combined with the Volume by Price study.

    You have the ability to merge together and split apart TPO profiles for each period of time.

    A TPO letter or block represents trading for a specific time block at a specific price. To the right is an example of a TPO Profile Chart with a Volume by Price study as well.

    B) One can read and make their own chart and easily read that if only one should know how to study the chart and have the access of that chart

    One can follow the below mention link for better understanding:

    http://www.sierrachart.com/index.php?page=doc/doc_TPOVolProfileCharts.html
     
  3. pavanrajg

    pavanrajg New Member

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    Is Sierra chart free of cost .?or what's the cost involved .? Can I get any cracked versions.? What data vendors to use ..? Can you please post a reply to this .?

    Regards

    Pavan
     
  4. Hulu Girl

    Hulu Girl Member

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    Thanks for sharing complete information about TPO profile chart.
     
  5. tradedatrend

    tradedatrend Well-Known Member

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    What software is required to run this chart?
     
  6. rpsvinod

    rpsvinod Well-Known Member

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    sierrachart, And u can use Ninjatrader too.

    RTPS. VINOD
     

  7. Purushotham

    Purushotham Well-Known Member

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  8. rajat1389

    rajat1389 Member

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    I have created a website-breakingtrade.com,one can watch real time charts here for free
     

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