TPO Profiles show where volume was transacted and where the most time was spent.
Merging Profiles shows a detailed view of where time is spent and where volume is transacted.
Merging profile levels are stronger than the Daily Volume Levels and will provide you with more efficient levels going forward.
By using Merging Profiles you are essentially finding a range and merging all the candles within that range and compiling that data into one candle.
TPO Profiles show where volume was transacted and where the most time was spent.
Merging Profiles shows a detailed view of where time is spent and where volume is transacted.
Merging profile levels are stronger than the Daily Volume Levels and will provide you with more efficient levels going forward.
By using Merging Profiles you are essentially finding a range and merging all the candles within that range and compiling that data into one candle.
For example, You could find a range on a daily chart consisting of 10 candles and then merge them into one candle.
Within that one candle, you will find a VAH, POC, and VAL.
To go a step further you can find additional ranges and consolidate them into 1 candle each.
The result is that you could have 100 days of data condensed into a few candles.
Key Points of the Lesson
UTILITY
Very helpful to get a better idea of where time was spent and where volume was transacted in a range.
Consolidate data by merging profiles from each trading range.
Merged high-time-frame profiles’ levels are stronger than the daily volume levels.
IMPLEMENTATION
Specialized software: Exocharts or Atas.
Load standard CC TPO template.
Double-click on the daily TPO profile to activate the “merge” option.
Merge high-time-frame daily profiles within a larger range to form one set of data.
Merge “inside days” together.
Merge profiles of smaller ranges including small deviations outside of the range.
INSIDE DAYS
The day’s price action is contained within the previous day’s price action.
Merge inside days to form an “average” of the time and volume data.
IMPLEMENTATION
The objective of merging profiles is to establish the VAH,VAL and POC of the merged range.
Be aware of the daily VA and POC, but place more emphasis on the merged profile range data.
More volume, time and transactions accumulate over the entire range ⇒ More data implies stronger levels.
TIPS & TRICKS
Knowing how many profiles to merge can only be learned through practice, accumulating experience.
No hard rules on how many profiles to merge.
The goal is to visually recognize a range and merge the corresponding profiles together.