TPO Volume Insight Indicator Free Download for MT5 | Forex Indicator Download - MetaTrader 5 Resources

The TPO Volume Insights indicator uses horizontal bars to visually identify key market areas such as support and resistance levels , price balance/imbalance areas, and Points of Control (POC) .

The trading tool uses yellow bars to represent the volume distribution at different price levels, while major POCs are highlighted with red bars.

TPO Volume Indicator Specification Sheet

The specifications of TPO volume insight indicators are as shown in the following table:

TPO Sales Overview

Point of Control (POC) marks the price level with the highest trading volume and is represented by a red histogram.

This level is considered a potential support or resistance area , and when the price returns to this level, a significant reaction may occur.

bullish trend conditions

According to the 1-hour Ripple (XRP) chart, the price hit the POC zone and reacted with an upward move.

In this case, the highlighted areas can be considered promising buying opportunities.

Bearish trend conditions

On the EUR/USD 30-minute chart, the price tested the POC level twice before continuing downwards.

As shown in the chart, POC levels act as resistance areas during bearish trends and provide favorable conditions for entering sell positions.

TPO volume indicator settings

The customizable settings of the TPO volume indicator are as follows:

• Calculate the number of last candles in the time frame: the number of candles used for calculation
• Calculation Time Frame: Timeline for TPO/Volume Analysis
• Number of Levels: The number of volume configuration levels displayed on the chart
• Color of Volumes: Color of the volume bar
• Color of TPO: Color of TPO bars
• Performance volume level type: volume display method
• 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

• Rectangle line style: the style for drawing rectangles
• The width of the rectangular line: Line thickness
• Fill Rectangle with Color: Enables filling of the rectangle background

Conclusion

The TPO Volume Insight Indicator is an advanced technical analysis tool that integrates TPO development (time price opportunity) and volume profile concepts.

This indicator enables traders to examine market structure based on time, price, and volume by displaying volume bars at different price levels.