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Date/Time: Mon, 25 Nov 2024 02:10:19 +0000



Post From: Number Bars - Consolidated Price Levels

[2020-09-11 02:49:06]
Meklon - Posts: 219
Ochocinco, thank you so much for recommending this alternative method!

Do you find it to be more useful compared to adjusting the tick size? I see only one alternative in using tick size increment as oppose to VAP increment - it allows the VbP study to keep Ticks Per Volume Bar independent from the chart tick size while VAP Multiplier will automatically compress the VbP information.

I will have to run both options side by side to compare which one gives better representation of the traded volume.

Thank you!