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TPO and forex

  #22 (permalink)

Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
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Grantx View Post
I understand its irrelevance in futures but perhaps it is still applicable in the forex world. Volume on the cash market can be skewed but a TPO profile is the inescapable truth. Not defending it, just a thought.

TPO vs Volume Profile by Jim Dalton
https://jimdaltontrading.com/tpo-vs-volume-profile/

I give more emphasis to the TPO profile because i believe that it provides a more accurate representation of the auction process by its inclusion of time in conjunction with volume. Additionally, it smooths some aberrations when there is high volume at the opening price, the closing price and other static references such as the prior pit session high and low or the overnight high and low.

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