Support Board
Date/Time: Mon, 25 Nov 2024 13:17:47 +0000
Post From: SPY - CVD Study - Miscalculation****
| [2024-03-11 01:51:33] |
| User677437 - Posts: 29 |
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If there are more net sellers, net volume being done on the bid. First I thought the massive volume price divergence was weird. Because I knew ES was not going to look like that. I pulled up SPY on trading view and saw CVD, how I thought I would, trending upward with price, opposite to SC CVD. And TW CVD match up with volume, and volume matched up with candle stick color. So in SC on SPY consolidated tape I looked at Volume to CVD in SC and it didn't match up that well. Then I compared Volume study to Price candle stick color and that was 100% correct every green bar matched with every blue candle, and every red bar matched with every white candle. And I did the same for ES futures, every volume bar matched up with corresponding color, in this same time period that we are looking at spy. March 8th 2pm - 3pm EST. So Total volume is a combined ask + bid volume with no net difference calculation, and shows the larger volume side based on color, shouldn't that color match up with CVD and/or ask/bid volume difference bars, because those two studies show the predominate side, and momentum of buyers or sellers on a histogram or chart basis, matching the predominate color in volume study. EDIT* Someone pointed out to me that the Volume study... is not calculated from the predominate volume of bid + ask, and that it is calculated according to price Open/Close color change..... Nonetheless TW CVD is very different than SPY consolidate Tape. TW CVD makes more sense following the usual trend with price. Seeing a completely negative correlation between Price and CVD for over an hour. Is an anomaly. You won't see this happen in Futures and that's all I've been looking at. This is the first day that I've become aware of this on SPY Date Time Of Last Edit: 2024-03-11 02:44:45
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