My TPO is an overlay market profile indicator that builds time price opportunity profiles for each four-hour, daily or weekly period and draws them on the price chart.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
my TPO plots the point of control, value area high and low with a configurable percentage, an initial balance range, single prints, excess and poor structure labels, a profile shape label, developing POC and unvisited POCs. Value areas can be merged when they overlap. Pip size and range settings must suit the instrument.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Time Period
string
D
tf_input
Pip Size
float
0.0001
pip_size
Max Time Range (pips)
int
5
range_pips
Value Area Percent
float
70.0
va_percent
Number of Historical Periods
int
10
num_periods
Value Area Box Color
color
color.new(color.blue, 85)
va_color_input
VAH Line Color
color
color.new(#1E90FF, 0)
vah_color_input
VAL Line Color
color
color.new(#1E90FF, 0)
val_color_input
Max Range Color
color
color.new(color.green, 85)
range_color_input
POC Color
color
color.red
poc_color_input
Virgin POC Color
color
color.fuchsia
virgin_poc_color_input
Initial Balance Color
color
color.new(#FFD700, 0)
ib_color_input
Show all 31 settings
Setting
Type
Default
Variable
Single Print Color
color
color.orange
single_print_color_input
Developing POC Color
color
color.yellow
dpoc_color_input
Merged VA Color
color
color.new(color.purple, 85)
merged_va_color_input
POC Zone Color
color
color.new(#8B0000, 85)
poc_zone_color_input
Show POC Zone
bool
true
show_poc_zone
Show VAH/VAL Lines
bool
true
show_vah_val
Show Initial Balance
bool
true
show_initial_balance
Show Single Prints
bool
false
show_single_prints
Show Excess/Poor Labels
bool
true
show_excess_poor
Show Developing POC
bool
false
show_developing_poc
Show Profile Shape Label
bool
true
show_profile_shape
Show Virgin POCs
bool
true
show_virgin_poc
Enable VA Merge
bool
false
enable_va_merge
VA Overlap Threshold (%)
float
50.0
va_merge_threshold
Initial Balance Duration (minutes)
int
60
ib_minutes
Single Print Threshold (TPO count)
float
0.5
single_print_thresh
Excess Threshold (max TPO at extreme)
float
1.5
excess_threshold
Poor Threshold (min TPO for poor structure)
float
3.0
poor_threshold
POC Zone Width (pips above and below POC)
int
5
poc_zone_pips
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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