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TPO and volume profiles, Initial Balance, VWAP and the K2 ribbon: one intraday session map.
Black Tide Wave System puts the references that frame an intraday session on one overlay: where price spent time and volume (TPO and volume profiles), the range the opening auction set (Initial Balance), the volume-weighted averages price rotates around (VWAP) and the trend underneath (K2 Ribbon). The question it keeps asking is whether the market is accepting or rejecting the current range, and which way it leans. A Degrees of Power gauge answers that in one reading.
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Each part, what it shows and why it is there.
The session is split into time brackets, and each bracket marks every price it traded. The shape shows where the auction spent its time. The POC is the busiest price, the value area holds most of the activity, and single prints mark fast moves; they stay as zones until price fills them. Older sessions can stay behind as shaded shapes, and the row size follows the live range on its own.
Beside the TPO, a volume profile counts traded volume on the same rows, with its own value area and POC; its labels can carry a small arrow showing which way the level last moved. Untested levels from every finished session are remembered until price trades back to them, and only the nearest above and below are drawn, so one from weeks back reappears as price nears it. Weekly, monthly and yearly value areas run alongside the daily one, and you choose whether these levels come from the volume profile or the TPO.
The Initial Balance is the range of the session's opening hour: the range the opening auction set. It reads the instrument's own trading hours, so there is no clock to set. It carries forward through the day as high, middle and low lines, or as a box. Extension levels project the range outward, and separate ranges can run for the Asia, London and New York sessions.
VWAP is the average price weighted by volume: the line a session tends to rotate around. The daily VWAP can carry standard-deviation bands and a shaded stretch zone far from the average. Asia, London and New York session VWAPs can run alongside, either stopping at the session close or carrying on as anchored VWAPs, plus one weekly, monthly or yearly VWAP. Only the live lines stay on the chart, named at the right edge.
The trend layer, and the only part that marks signals. A ribbon of a fast and a slow moving average is shaded bull while the fast one is above and bear while below. A badge marks the bar where they cross, confirmed at the close; it does not repaint. A long-term average, coloured by the side price is on, adds context without gating the cross, and a higher-timeframe version of it and a mid-term average can be added.
A gauge in the status table, not a chart drawing. It reads where price sits against four nested structures: today's Initial Balance, today's developing value area, yesterday's value area and yesterday's range. Zero is balance, inside today's range and near yesterday's value; each structure price moves beyond pushes the reading one step further toward bull or bear. It is a position, not a direction.
No. It measures how far outside the day's agreed structure price has travelled. A trend trader and a reversion trader will read the same number in opposite ways.
Only the K2 cross, confirmed on the bar close. Everything else on the chart is reference: levels and context to read price against. The confluence alert tests an agreement you define; it is not a validated signal.
It hands the daily and New York VWAP bands to a fixed schedule set in Bangkok time, so which bands show depends on the part of the day rather than on their own switches. London, Asia and the period VWAP keep their own settings.
Yes, but most FX and CFD feeds report tick count rather than traded volume, so the volume profile shows activity, not money. The TPO, Initial Balance, VWAP and K2 layers read as usual.
Black Tide Wave System is an analysis tool, not investment advice. Charts and examples are illustrations.