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Open Feature request MC-1833

IMPROVING THE TIME PRICE OPPORTUNITY (TPO) INDICATOR
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Description

The best way to use this type of TPO study, in my opinion, is alongside the Volume Profile(VP) study, by superimposing TPO on Volume Profile (see attached image) .
In this example the VP study is looking back over 13 weeks (Time>Last =  13 weeks) and the Format Instrument>Settings>Data Range = 100 days back.
Obviously it would be even better to set VP to look back over 52 weeks or more since the
support/resistance levels revealed would be even stronger..
However because the TPO study uses the Format Instrument>Settings>Data Range = 100 days back setting to build the TPOs', it takes several minutes for the TPO studies to be loaded and built, even with my computer which has a Intel(R) Xeon(R) CPU E5-2687W @ 3.10GHz, 3101 Mhz, 8 Core(s), 16 Logical Processor(s)!
Imagine how long it would take someone using a standard desktop to load the TPO studies if
the Data Range was set to 100 days or more.
To solve this problem, 
I believe that the TPO study should have its own Format TPO>Settings>Data Range which may be set independently from the Format Instrument>Settings>Data Range, 
because when using VP together with TPO, the TPO study really only needs to display the current day or, if using a main data series resolution less than 1440 minutes (ie. daily), then the TPO study really only needs to display the current bar, although some users may want to
see more than one TPO bar displayed.

Steps to reproduce this issue

Format Instrument>Volume Profile: Delta, Ask vs Bid traded, Ticks per row = 8, Time>Last = 13 weeks, Alignment = Left.
Format Instrument>Instrument: Data source = Tradestation, Instrument = @FDAX.
Format Instrument>Settings: Regular chart type, Resolution = 1440 minutes, Data range = 100 days back.
Format study>TPO: TicksRoundUp = 8, UnderlyingResolution = Minute, Profile Type = Alphas, TPO_Step_In_Minutes = 36, IBR_Time_In_Minutes = 72, LayerForDraw = Final.

Comments (1)
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#1
user-offline.png MultiCharts Support
May 15, 2024 - 08:07
Dear Users! Since MultiCharts 12 there's a TPO chart type available, and it's possible to enable the Volume Profile for it. TPO: https://www.multicharts.com/trading-software/index.php?title=TPO Volume Profile: https://www.multicharts.com/trading-software/index.php?title=Volume_Profile
Changes:
  •   icon_status.svgStatus changed: Confirmed => Released
History
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Issue basics
  • Type of issue
    Feature request
  • Category
    Performance
  • Targeted for
    MultiCharts Future Releases
  • Status
    Released
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (2)
People involved
  • Posted by
    user-offline.png WAYNE
  • Owned by
    Not owned by anyone
  • Assigned to
    Not assigned to anyone
  • Subscribers
    1 subscriber(s)
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Times and dates
  • Posted at
  • Last updated
Issue details
  • Resolution
    Not determined
  • Severity
    Normal
Attachments (1)
  • /pm/public/files/show/713
    action_embed.png
    TPO superimposed on Volume Profile uploaded Jan 07, 2015 by WAYNE
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