Today, we're introducing two major additions: TPO (Time-Price Opportunity) and our flagship innovation, Aggregated Hybrid TPO — the first global market profile that merges time, volume, and directional flow across all major exchanges.

Understanding TPO

TPO

TPO, or Time-Price Opportunity, was originally designed to measure how long price stayed at each level within a session.

Each "block" or "letter" represents a time bracket — forming a profile that shows where price was accepted or rejected during that period.

It provides a powerful lens into the auction process of markets: how value develops, where price balanced, and where imbalances emerged.

This classical approach works well for centralized markets like futures or equities, where all trades occur within a single venue.

In crypto, however, the auction is fragmented — thousands of participants, dozens of exchanges, and billions in volume distributed across the world.

That's where the next step begins.

The Evolution: Aggregated Hybrid TPO

Aggregated Hybrid TPO

Aggregated Hybrid TPO redefines what a market profile means in a multi-exchange world.

Instead of showing where price simply spent time, it shows where the entire market truly traded — and in which direction.

It merges:

  • Time — capturing the structure and rhythm of market activity
  • Volume — showing how much liquidity built up at each level
  • Directional delta — revealing whether buyers or sellers dominated those levels
  • Cross-exchange data — aggregating activity from all major trading venues into one unified auction model

The result is a continuous, global view of market structure — one that reveals true value areas, consensus zones, and liquidity imbalances with unmatched precision.

Aggregated Hybrid TPO reconstructs this fragmented activity into a single, coherent structure — showing how global participants collectively negotiate fair value.

It's the first time traders can visualize the entire market's consensus rather than isolated slices of it.

Both TPO and Aggregated Hybrid TPO are live in Kiyotaka today. Switch between the classical TPO for single-market analysis or the aggregated hybrid model for a full global view.