Daily TPO Profile

Daily TPO profile indicator that calculates POC, VAH and VAL for each session.
Plots the Point of Control and the 70% Value Area directly on the chart, helping you identify fair value zones, key support/resistance levels and potential areas of price rejection or acceptance.

How it works
This indicator builds a daily TPO (Time Price Opportunity) profile, similar to a Market Profile.
For each bar of the trading day, it:

• splits the price axis into fixed “steps” defined by “Row Size (pips)”
• for each price step, counts how many bars touched that level (TPO = how many times price traded there)
• at the end of the day it calculates:
• • POC (Point of Control) → the price level with the highest number of TPOs (where the market spent the most time)
  • VAH (Value Area High) and VAL (Value Area Low) → the price levels that contain approximately Value Area % (default 70%) of all TPOs for that session

The indicator plots three horizontal lines on the chart:

• Red line → POC
• Blue lines → VAH (upper) and VAL (lower)

These lines are updated bar by bar during the session and reset when a new trading day starts.

Main parameters

• Row Size (pips)
  Defines the thickness of each price step in the profile.
• • Smaller values = more detailed profile
  • Larger values = smoother profile
• Value Area %
  Percentage of total TPOs contained inside the Value Area (typically 70%).
  The Value Area is the price zone where most of the market activity occurred during the day.

How to read it

• POC (red line)
• • The price level most “accepted” by the market during that day.
  • Often acts as an equilibrium level: price may bounce, stall or strongly break around this zone.
• Value Area (VAH–VAL, blue lines)
• • Represents the “fair value” zone where most trading took place.
  • Price action relative to VAH/VAL can show:
  • • Rejection of extreme prices (fake breakouts beyond VAH/VAL)
    • Acceptance of new prices (consolidation outside the Value Area)

Typical usage ideas

• Price rejects VAL and moves back inside the Value Area → potential long idea, betting on a return to “fair value” (mean reversion).
• Price breaks above VAH with strength and starts to build structure above → potential start of a new higher value area (trend-following scenario).
• Several days with POCs around the same level → strong equilibrium/accumulation zone, often key support/resistance.