How to Read TPO and Footprint Charts?
These bars are often referred to as "footprint" or "TPO" bars.
Published
Topic
Charts & Indicators
The Bid-Ask Volume chart style available in the KGI Crusoe platform provides an "x-ray" view into each price bar's buying and selling activity, allowing for an in-depth look at which side was the most aggressive at each price level. These bars are often referred to as "footprint" or "TPO" bars.
Table of Contents
Selecting Bid-Ask Volume Charts
Customizing Bid-Ask Volume Charts
Available Bid-Ask Parameters
Selecting Bid-Ask Volume Charts
In the KGI Crusoe platform, you can select the Bid-Ask Volume bar type by hovering your cursor over the Chart module and clicking the fourth icon from the left. Then, choose Bid-Ask Volume from the Chart Styles dropdown menu that appears.
Bid-Ask Volume Charts are most effective on lower intervals, such as 1-minute or 30-second charts, particularly in high-volume markets. Zooming in with your cursor makes it easier to analyze trade volume at each price level within a bar's duration.
In these charts, green bars on the left represent filled buy orders at each price, while red bars on the right indicate filled sell orders. By default, the longer and more opaque a bar is, the greater the number of orders filled at that price during the bar's lifespan.
You can learn more about how to customize your Chart's intervals to better suit the Bid-Ask Volume bars on this page: Chart Intervals
To learn more about zooming and navigating the Chart to more easily view the Bid-Ask bars, please visit this page: Zooming and Scrolling on Charts
Customizing Bid-Ask Volume Charts
To customize Bid-Ask Volume bars, hover your mouse over the chart and click the Configure button (the cogwheel icon, third from the right). In the menu that appears, left-click the Instrument Symbol and Expiry listed at the top to access customization options.
You can also reach these settings by double-clicking directly on the Bid-Ask Volume bars.
This will open the Data Series window, which will allow you to customize any available parameters for the Bid-Ask Volume candles to your liking.
Available Bid-Ask Parameters
The following parameters can be customized in the Data Series window when utilizing the Bid-Ask Chart Style in the KGI Crusoe platform:
Display TPO as letters or blocks
Customize letter colors
Volume profile per TPO profile
Value area and point of control (with extension) indicators for TPO and Volume Profiles
Initial balance indicator and extensions with custom periods
Display an Open Indicator
Display a Close Indicator
Configure multiple sessions per TPO (for example separate RTH from overnight sessions)
Split and Merge profiles
Autoscale TPO based on zoom level or set prices per TPO
Mid lines for Split and Merged Profiles
Hovering over TPO header or letters will display statistics for TPO Session Profile as well as per letter