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12.1 TPO – Part1: Introduction 

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Master Level

TPO - Part 1: Introduction
Time Price Opportunity (referred to as TPO) is also known as Market Profile Charts in legacy markets.
Back when traders were in the pit, time was broken down into half-hour time frames known as a bracket.
Each half-hour bracket was identified with a certain letter.
Traders on the floor had a trading card, on which they would have to write down the letter of brackets they had traded in.
Each letter was specific to a half-hour bracket, and these letters became the building blocks for TPO Charts.