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Date/Time: Sat, 18 May 2024 05:24:35 +0000

Post From: Discrepancies between VbP indicator and Volume Value Area Lines Indictaor

[2020-03-31 23:38:03] Link To Thread - Link To Post [Go To First Post]
Adam Schwartz - Posts: 81
Hi, I have been looking at some indicators that I use and have noticed some discrepancies (quite large and concerning). I am using the VbP indicator, referencing back 1 period. I am also using the Volume Value Area Lines indicator, which is drawing the developing value area lines. Both are set to the same period, in this case monthly profiles. You would expect that at the end of the month (i.e. today), the POC (point of control) should show the same value. Usually it does, although I have noticed some differences this month. If you look at Russell 2000 futures (code is RTYM20 - using continous contract), you will notice that on the VbP indicator (referencing back 1 period), the monthly POC is at 1470 whereas on the Volume Value Area Lines indicator, the developing monthly POC is at circa 1060. The VbP is saying that the monthly POC for all of March was 1470 but the Volume Value Area Lines is saying that the developing monthly POC at the end of March is 1060. These should be the same - Why is the difference so large? I have attached a chart for you to see and also a screenshot of both settings. It is quite worrying the discrepancies are so large.


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