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Sierra Chart TPO users


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Sierra Chart TPO users

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  #11 (permalink)
Valencia (SPAIN)
 
Experience: Intermediate
Platform: SierraChart
Broker: Interactive Brokers / Infinity / Optimus
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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Big Mike View Post
I'm curious to know how many of you guys are using the TPO features of Sierra Chart?

I haven't had time to play with them much yet. I tried following the directions on their site, and I wanted to create a 30 minute TPO chart of CL. Even though my chart was using 30-minute bars, and I specified 30 on the interval in the study, it kept loading a 1 minute chart as soon as I hit applied. I'm a novice at SC so I'll try again, I no doubt made a mistake somewhere.

I'll try again later using ES, since using TPO on CL probably won't be very useful.

But in general, how do you guys find the TPO in SC? I read they recently made a lot of enhancements to it.

Mike

I am using TPO charts for everything /GC, /CL and /ES and they are extremely useful. I usually put TPO and VBP (Volume By price) on the same chart, so that for every TPO profile I have a VBP profile, I find it extremely useful. It took me several month to customize Sierra as I wanted, but I must say it's amazing.
I think TPO are in general very useful to have a strategic understanding of what is happening in the market. Sierra allow to personalize TPO chart in any possible way.
In particular I split TPO profiles between pit sessions and overnigh markets hours.

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  #12 (permalink)
California
 
Experience: Intermediate
Platform: NinjaTrader, TOS, Sierra
Trading: ES, SPY Options
 
Posts: 55 since Jun 2013
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CenFlo View Post
There a quite a few posts here at FIO on market profile and usage of TPO based charts.

If you check the Elite members downloads, I have personally uploaded a market profile (TPO) study for SC, actually more than one.

Edit: I plan on uploading the MP chart that I am using currently as I've made some changes.

Thats great and will check for the SC template for TPO.

I did checked in the downloads section for sierrachart and dont find it. Can you please post here....

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  #13 (permalink)
California
 
Experience: Intermediate
Platform: NinjaTrader, TOS, Sierra
Trading: ES, SPY Options
 
Posts: 55 since Jun 2013
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SamJames View Post
I am using TPO charts for everything /GC, /CL and /ES and they are extremely useful. I usually put TPO and VBP (Volume By price) on the same chart, so that for every TPO profile I have a VBP profile, I find it extremely useful. It took me several month to customize Sierra as I wanted, but I must say it's amazing.
I think TPO are in general very useful to have a strategic understanding of what is happening in the market. Sierra allow to personalize TPO chart in any possible way.
In particular I split TPO profiles between pit sessions and overnigh markets hours.

Thanks and can you please post the SC template here for TPO

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  #14 (permalink)
Legendary Embracer of Uncertainty
Indianoplace, IN
 
Experience: Intermediate
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Personally (and this is just me lol) I fail to see the value of TPO versus volume profile. I would love to hear countering opinions

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  #15 (permalink)
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
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Trading: Futures/Cryptos
 
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skann View Post
Thats great and will check for the SC template for TPO.

I did checked in the downloads section for sierrachart and dont find it. Can you please post here....

I do believe that the powers that be here at FIO changed it so you can longer upload chart files to individual posts, at least from what I recall.

It's in the ELITE CIRCLE download section, I just went there recently and it's there.

Here's a direct link to Page 4:

https://futures.io/download/vip_elite_circle/page-1.html&page=4

Here's my most recent version that I'll be uploading here shortly:


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  #16 (permalink)
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
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Posts: 637 since Apr 2016
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Rrrracer View Post
Personally (and this is just me lol) I fail to see the value of TPO versus volume profile. I would love to hear countering opinions

There are plenty of people that feel this way and I get it. MP is what I learned first and I feel it has its place in the toolbox. I lean more towards VP now and I use both side by side on my MP/VP dedicated chart (see above post).

That being said, on my main chart in my charting platform, it has VP only and I feel it's of much more use in the shorter term. When doing mid-longer term analysis, I tend to use MP more, but VP has it's place especially in terms of overall volume, LVN's / HVN's, composites and the like, which extends of the usage of VP to much higher time frame(s).

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  #17 (permalink)
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
Trading: Futures/Cryptos
 
CenFlo's Avatar
 
Posts: 637 since Apr 2016
Thanks: 826 given, 946 received

Updated MP/VP chartbook has been uploaded to the Elite Circle downloads section.

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  #18 (permalink)
Legendary Embracer of Uncertainty
Indianoplace, IN
 
Experience: Intermediate
Platform: SierraChart
Broker: CQG
Trading: All Micros, especially the ones that move
 
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Posts: 2,181 since Feb 2017
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CenFlo View Post
When doing mid-longer term analysis, I tend to use MP more, but VP has it's place especially in terms of overall volume, LVN's / HVN's, composites and the like, which extends of the usage of VP to much higher time frame(s).

Cool. I'm not strictly a VP trader but I do use it, I usually have a daily up on my intraday charts along with a weekly/monthly/quarterly on their appropriate timeframes. I'd be interested to hear how you decide to form a composite; I had thought about looking at a previous swing H/L but... maybe info overkill in my case

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  #19 (permalink)
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
Trading: Futures/Cryptos
 
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Posts: 637 since Apr 2016
Thanks: 826 given, 946 received


Rrrracer View Post
Cool. I'm not strictly a VP trader but I do use it, I usually have a daily up on my intraday charts along with a weekly/monthly/quarterly on their appropriate timeframes. I'd be interested to hear how you decide to form a composite; I had thought about looking at a previous swing H/L but... maybe info overkill in my case

Here's VP on a daily, just gives me a idea of total Vol based on the 1st trading day of the year to present.


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  #20 (permalink)
Chino Valley AZ
 
Experience: Intermediate
Platform: Sierra Chart
Trading: Emini ES
 
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Posts: 7 since Aug 2019
Thanks: 0 given, 4 received


TPO is good for showing levels.

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