free & uncensored discussion arena for TheRumpledOne
- rank: 150+ posts
- Posts: 274
- Joined: Tue Jul 24, 2007 11:44 pm
- Reputation: 0
- Location: Nashville, TN
This is similar to a Market Profile Chart (see pic). In Market Profile charting, a letter is printed each time a price level is touched, with each letter representing a 30 minute period. The letter is known as a TPO (Time Price Opportunity). Lots of nuances involved with this, but a great tool, when you learn how to use it.
PebbleTrader wrote:The time indicator is divided up into sections and shown via varying color intensities.
The darker the intensity...the more time price spent at those price levels...
- MP.jpg (30.37 KiB) Viewed 567 times