Support Board
Date/Time: Tue, 25 Feb 2025 17:21:42 +0000
Post From: Inconsistent POC?
| [2021-04-16 18:42:20] |
| User740709 - Posts: 153 |
|
Yes, I understand that. However, the 60 minute candle is the first time the price traded at that place on the given day and the volume is huge compared to previous candles since that is the European open. To illustrate my point, I am attaching a screenshot of January 13, 2021 (same as the very first screenshot in this thread) as well as a chartbook with a 7.5 min bar chart with a custom developing VP I write about below: If you scroll to January 13, 2021 in the chart in the chartbook (which in the screenshot is the chart on the right), you see a custom (developing) volume profile for the given day from its overnight open (i.e. from 1:15 CET) to the end of the 60 min candle that starts at the European open (8:00). As you can see, the developing volume profile on the candle chart from the very open on that day shows POC at 173,87 (crosshair white line, pink line in the developing volume profile). On the contrary, the developing POC on the numbers bar chart shows developing POC at 17384. Those two POCs are inconsistent even though they are both developing from the very open at 1:15. Why is that so? Thank you. |
 devVP.Cht - Attached On 2021-04-16 18:40:44 UTC - Size: 12.77 KB - 403 views |
devVP.png