Support Board
Date/Time: Wed, 27 Nov 2024 19:33:04 +0000
Post From: TPO Balance Point
| [2023-07-12 12:09:09] |
| ButtTruffle - Posts: 5 |
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I don't mean the midpoint of a TPO chart. I mean about the #'s of TPO's above and below a certain price in a given profile. So the midpiont of a profile could be at $10, but because it was a trending profile, the #'s of TPO letters above and below it won't be the same, so the balance point might end up being at $12 (price where there are the same # of INDIVIDUAL TPO letters above and below that price). Like in the photo attached, the midpoint (orange m), is the exact halfway point of the profile, but the "balance point" (white b) is above it because at that price, there are the same # of individual TPO letters below as above. Thanks!
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