TPO Market Profile MT5

Definition :

A TPO is a Time Price Opportunity. This is marked as a single letter in a Market Profile.
Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price that the market traded at during that time interval. It is called Market Profile terminology.

In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile.

The indicator can help determining of Support-Resistance levels.

Inputs :

• Period (Days) : Each Histogram Length
• Number of Histograms (max 30) : Total Number of Histograms Drawn on Chart.
  
• Accuracy (max 1000) : Accuracy of Histograms. Lower values give Discrete Histogram. Higher values give Softer Histogram.
• Magnifier (0.1~1) : Horizontal Length of Histograms

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