Support Board
Date/Time: Tue, 26 Nov 2024 08:47:17 +0000
Post From: Request - Volume Profile - Percentage per price level
| [2014-02-06 16:33:44] |
| darkpool - Posts: 39 |
|
Hi Sierra, I have a request related to the volume by price (volume profile) study. I think it is a reasonably small addition but of course if it is not feasible, practical or widely desired by the user base then no problem. Currently there are various options when selecting 'Display volume in bars' such as Total Volume, BidxAsk Volume, etc. Would it be possible to add 'Percentage Volume based on POC'? Essentially the VPOC would always display 100%, then each other volume by price bars would be a percentage in relation to the VPOC. The bars would NOT be a percentage of the total volume for the day, it would be a percentage of the VPOC. For example if the VPOC has a volume of 1000 then that would be 100%. Another price level which has a volume of 500 would then be 50%. Another price level with 900 volume would be 90%, and so on. Each level is a percentage in relation to VPOC. All good if this is not something you want to add, but personally I would find great value in it. Perhaps others could comment below if they would also like to see this added. thanks. |