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Date/Time: Sun, 19 May 2024 06:51:55 +0000

Post From: VWAP and Standard Deviation Lines

[2016-12-15 06:39:43] Link To Thread - Link To Post [Go To First Post]
Neo - Posts: 198
Post 9 was made because in post 8 it sounded like you were satisfied with the formula being used. I'm suggesting that the ECI study does a better job at computing Deviation levels. This is best illustrated in the bottom right image-" Dev Band Comparision" Your deviation formula uses chart bars, so it is just an estimation. It's not the "correct" formula, because, the correct formula would calculate based on every tick within a bar. So rather than going to costly lengths to establish what formula will give you the best dev band estimation, first take a look at the ECI study. Date Time Of Last Edit: 2016-12-15 06:40:38