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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.
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).
You miss 100% of the shots you don't take. - Wayne Gretsky
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