Support Board
Date/Time: Tue, 26 Nov 2024 19:47:23 +0000
Post From: Plot multiple developing VPOC/VAH/VAL values for different periods below region 1
| [2023-11-01 20:23:38] |
| EverEdge - Posts: 15 |
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Thank you for the quick response. That had occurred to me as well, and I implemented it after hearing from you. It's a good workaround for getting those values in region 2 and also solves plotting RTH values on a full session chart. But as I suspected, it does not appear to solve the main issue of plotting the _developing_ POC/VPOC/VAH/VAL (which is why I hadn't attempted it originally). Attached is an image that shows the TPO value area lines study and 2x volume value area lines studies (one for the current session, one for the previous session where the 'reference n periods back' is set to 1). The screenshot shows all 3 studies in region 2, and I color-coded them and called out the labels so you can tell which is which on the price axis. As you can see: 1. Minor issue: if we use this method, I don't know how to call the n-day VPOC/VAH/VAL where n is not the lookback but the total, i.e. we're looking for a 5-day VPOC, not VPOC from 5 days ago. 2. Major issue: it only plots a single line for the session. This 'indicator' only makes sense if it were to show the value migration intraday, divergence between price and value, today's value tagging yesterday's and rejecting and so on. For that, we'd need continuous lines that change value intraday (with then a 'jump' to next day's open due to the overnight session). For example, you could see how today's VPOC may have dipped below yesterday's ending VPOC twice but was bought both times, or that today's VPOC tagged yesterday's lowest VPOC. Same with value area lines. If there is no way to do this currently, please consider it a feature request. The theoretical basis for being able to view the data this way is very strong, and plotting all that on region 1 would be way too cluttered. Thank you. |
 2023-11-01_12h56_34.png / V - Attached On 2023-11-01 20:16:10 UTC - Size: 102.08 KB - 104 views |