Session TPO Profiles, Naked POCs, and Range-Based Projections

Summary

This chart indicator organizes price activity into Asia, London, and New York sessions, with optional premarket and post-market displays. It draws session ranges and volume and delta summaries, and offers time-price-opportunity profiles as bars or letters. It can also retain naked points of control from earlier profiles and project potential ranges from historical session data. Some settings adjust profile detail, session windows, and projection behavior.

The script uses exchange or chart data and defines sessions in New York time; its session windows vary with chart timeframe. It also requests open-interest changes for crypto instruments and includes these in session summaries. Projections are derived from prior session ranges and can optionally incorporate ATR, so they are historical calculations rather than guaranteed forecasts. The document supplies code for visualization and calculation but no performance study or evidence that TPO levels or projected ranges predict future price behavior. Results may depend on instrument data, timeframe, and session definitions.

Key ideas

• The indicator draws session ranges and TPO profiles for Asia, London, and New York, with optional premarket and post-market areas.
• Session summaries include volume and price-direction-based delta, and crypto data may include open-interest changes.
• Naked points of control can be shown after their originating session ends.
• Projected ranges use historical session information and may incorporate ATR, so they are estimates rather than guarantees.
• Session windows depend on New York time and chart timeframe, and the document provides no performance validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.