Support Board
Date/Time: Fri, 27 Dec 2024 17:58:33 +0000
Post From: How do I show VPOC and not POC in Volume by Price Study?
| [2016-03-10 16:57:52] |
| Yoda - Posts: 106 |
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It appears that the SC Volume by Price (VbP) study and the Volume Value Area Lines study both use a POC (Point of Control) verses a VPOC (Volume Point of Control). Is there anyway to use a VPOC rather than a POC? The following is a brief explanation of why I'm asking. The POC is based on time and shows the price where trading spent the most time, while the VPOC is where the most volume occurred for the session. Normally, these are close, but they can be significantly different. Looking at the attached a 15m chart of the ES Overnight session (16:30:00 EST March 9 - 09:29:59 EST March 10), we can see that the VPOC is at 1997 (this is the longest volume bar of the volume profile). The chart also shows that 1980.75 is the POC (It's the pink line. I'm don't know why the price and label are not showing as I have the Labels checked). AS we can see, the VPOC and POC in the overnight session are significantly different. Since I primarily use volume profile, the VPOC is more relevant to me than the POC. Thank you, Richard |
Attachment Deleted.  F.US.EPM16 [CBV] 15 Min #9 2016-03-10 11_37_36.998.png / V - Attached On 2016-03-10 16:53:52 UTC - Size: 156.31 KB - 660 views |