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Open Feature request MC-2617

TPO PROFILE CHART RESOLUTION / DATA HANDLING ( critical for interpretation to make sense)

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Description

I already wrote to support with all the theory and logic. I will just file here a short summary so everyone can see.

For TPO chart to make sense time needs to be constant. This is an axiom. That is the way they were designed. There is literature on it available.

In normal charts say 1 week resolution, all the past data is held constant and current week bar starts from Monday morning and builds itself up as the week progresses.

Multicharts created TPO charts using the same principle. Look at the attachment below, I have 5 day resolution profile. I expanded them so everyone can see. What do we have? Current profile is half the size in terms of time of the previous.

ARE WE HOLDING TIME CONSTANT? NO !

THIS IS USEFUL IN PREDICTING THE PAST. BUT CANNOT BE USED IN CURRENT PERIOD AS THE NUMBER OF TPO's IS NOT CONSTANT !!!

(It only works well a the end of 5 day period when by coincidence they are the same/ 20 % of the time)

As nobody knows who I am I will use Dr Keppler (industry top authority on Market profile) for theoretical support. In his talk at one of the conferences he spoke extensively about this. The wheel has already been invented and I see no point in arguing further why it has to be round.

PRACTICAL SUGGESTION:

*One way is to have a box with a "reverse fill" option. That reverse fill option would make TPO chart redraw themselves at the end of each time block ( may be add an option for redraw intervals). This way current profile is of the same number of TPO's as the previous. THIS IS WHERE PREDICTIVE VALUE IS !!!

** The other option I can think of of make a resolution by number of time blocks

*** At the very least please give me an option to choose which day I want to start this 5 day TPO to be build from. Currently software decides ( probably Monday). If I could adjust manually I can click it every day and use it. Today I am looking at this and scratching my head.

PLEASE PLEASE DO SOMETHING ABOUT THIS. This is not a suggestion for improvement, this is rectification request.atach

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