TPO charts allow the user to analyze the amount of trading activity, based on time for each level the market traded at, for any given period of time.
You can open TPO charts by clicking Add Modules and adding Chart (beta) to your workspace under the Workspace Manager. Like the other available modules, it can be added to a workspace or popped out into a separate window (on the desktop version):
Once you have opened a Chart (beta) module, you can search for a Product's spread to populate the chart and then choose TPO as the chart type:
This will populate with TPO and allow you to go to Configure Chart Elements to further customize:
Tradovate’s TPO charts include the ability to:
- Display TPO as letters or blocks
- Customize letter colors
- Volume profile per TPO profile
- Value area and point of control (with extension) indicators for TPO and Volume Profiles
- Initial balance indicator and extensions with custom periods
- Display an Open Indicator
- Display a Close Indicator
- Configure multiple sessions per TPO (for example separate RTH from overnight sessions)
- Split and Merge profiles
- Autoscale TPO based on zoom level or set prices per TPO
- Mid lines for Split and Merged Profiles
- Hovering over TPO header or letters will display statistics for TPO Session Profile as well as per letter