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TPO letter distribution for E-mini?


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  #1 (permalink)
 FrankFrankie 
Philadelphia, PA
 
Experience: Beginner
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Hello, I use TPO charts with Tradovate and had a question about setting up TPO charts. I align one letter per full point on the ES and MES. I mostly do this to make it symmetrical. The default for Tradovate is off-centered and about 1.25 to 1.5 letters per point. I'd like to know if there is any type of standard or is it fully a matter of preference. I would also like to get a small sample of how others align their TPO charts.

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 josh 
Georgia, US
 
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In slow markets with smaller ranges (20 handles), one tick per letter. In more volatile markets (more than 20 handles), two ticks per letter. This is just what I do and it is simple and works for me (though I use volume profiles more than market profiles anyway). I've seen people obsess about these kinds of things and it truly doesn't matter at all. It will not affect your profitability one bit. So, pick something that looks good on your screen and adjust it when needed. Nothing more to it than that.


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Donovan2580
Port St. Lucie, FL
 
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I would say 1 letter per tick (.25 points) - Especially when the ES ranges have been pretty small lately.

One key thing I look for in the TPO profile are single prints; These would potentially be hidden / merged with a higher setting. Just my 2 cents


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 FrankFrankie 
Philadelphia, PA
 
Experience: Beginner
Platform: Sierra Chart
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Thank you everyone for your input. I ended up deciding on 2 ticks per letter(ES) but I must agree that it doesn't really matter and is very much a matter of personal preference.


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