MT4 version TPO volume insight indicator free download | Gold EA download - MetaTrader 4 resources

The TPO Volume Insights indicator uses horizontal colored bars to display support and resistance levels, Point of Control (POC) areas, and areas of market balance or imbalance.

The trading tool uses yellow bars to display volume at different price levels and red bars to highlight POC levels.

TPO Volume Indicator Specification Sheet

The following table outlines the specifications and functionality of the TPO Volume Insights indicator:

TPO Sales Overview

The Point of Control (POC) marks the price level at which trading volume is highest. It is shown as a red bar and is considered a key support or resistance level. If price moves into these areas again, it is likely to react to them.

bullish trend conditions

On the 5-minute chart of Gold/USD (XAU/USD), price reacted positively after testing the POC level. In this case, the marked area represents a good entry point for a buy trade.

Bearish trend conditions

Looking at the 15-minute chart of NZD/USD, the price hit the POC level twice and continued to fall. POC levels act as resistance in downtrends, providing suitable entry points for selling positions.

TPO volume indicator settings

The following figure shows the settings panel of the TPO volume indicator:

• Calculate the number of last candles in the time frame: The number of candles in the selected time frame used for calculations
• Calculation time range: The time range used for TPO/quantity calculations
• Number of Levels: Number of volume profile levels displayed on the chart
• Color of Volumes: Color of the volume bar
• Color of TPO: Color of TPO bars
• Performance volume level type: display mode of volume level
• Set the display frame ratio (%): the percentage ratio of the outline box on the chart
• Distance from TPO to nearest candle: Distance from TPO to nearest candle

Set lines Setting

• Rectangular line style: The style of drawing rectangular lines in the outline
• The width of the rectangular line: Line thickness
• Fill rectangle with color: Enables filling inside the rectangle

Conclusion

The TPO volume insight indicator is a powerful tool for technical analysis . It is built combining the concepts of TPO (Time Price Opportunity) and Volume Profile.

This trading tool provides traders with price volume insights by visualizing various levels of volume bar charts. It supports analysis of market behavior based on price, time and volume.