Support Board
Date/Time: Wed, 27 Nov 2024 20:53:24 +0000
Post From: Study - Volume Value Area
| [2023-07-14 18:56:09] |
| nicktrader - Posts: 712 |
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As far as I understand, the calculation method of the Value Area is weighted, so it depends on the volume per price level. Is there perhaps the possibility to extend the study "Volume Value Area" by the calculation method "unweighted" (see LINK)? Time Price Opportunity (TPO) Profile Charts: Volume Value Area Starting from point 3: - Starting at the POC one row up and then one row down, then again one row up and again one down etc. Each row regardless of the volume. Once the set percentage is reached, we have our Value Area. Is that possible? Many thanks |