Support Board
Date/Time: Mon, 03 Feb 2025 04:12:45 +0000
VPOC and Volume value area high/low are different in TPO chart and Volume by Price chart
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| [2019-10-20 11:23:43] |
| User900334 - Posts: 3 |
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Dear support, I'm using two studies for XBTUSD, one TPO study and one volume by price study. I do each study on a different intraday chart but in the same chartbook. I notice a difference between the VVH, VVL, and VPOC values between these studies. For example: In the TPO chart the prev day close values for XBTUSD 18 October 2019 are: VVH: 7957.5, VVL: 7867.5, VPOC: 7905. In the volume by price chart the prev day close values for XBTUSD on 19 October 2019 are VVH:7963.5, VVL: 7872, VPOC 7900. I looked at my settings for both charts but they seem pretty similar. Both use 70% area to determine the volume value areas. Both set to 1 day fixed time. Volume by Price study I set "Ticks per Volume Bar" to 1 tick. Any idea why there is a difference between the studies? Hope to hear from you. Thank you in advance! Kind regards, C Date Time Of Last Edit: 2019-10-20 11:25:20
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| [2019-10-20 14:03:45] |
| User907968 - Posts: 825 |
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VBP and TPO are formed using completely different input data, there is no reason to assume that they will exactly match in any of the following: VPOC, Value Area or Distribution/Profile Shape. Time Price Opportunity (TPO) Profile Charts Volume By Price Study https://onlinelibrary.wiley.com/doi/pdf/10.1002/9781118659724.app2 https://jimdaltontrading.com/what-is-the-market-profile-2/ |
| [2019-10-20 16:30:30] |
| User90125 - Posts: 715 |
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And, of course, the 346 page bible of MP from the CBOT: http://www.r-5.org/files/books/trading/charts/market-profile/CBOT-Market_Profile-EN.pdf |
| [2019-10-20 17:42:39] |
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Yes the calculation methods are different. More information is here: Time Price Opportunity (TPO) Profile Charts: How Point of Control and Value Area Are Calculated Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-10-20 17:42:51
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