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Date/Time: Mon, 13 May 2024 07:44:27 +0000

Post From: Error with VbP study

[2020-07-28 12:52:15] Link To Thread - Link To Post [Go To First Post]
Adam Schwartz - Posts: 81
I have noticed an error with some US stocks using the Volume by Price (VBP) Study. I am using it on a 60min candle chart. The settings on the VbP study are "multiple profiles based on fixed time". Fixed time is set to weeks and the number of periods back to reference is 1. The issue I am having is that the value areas are sometimes not calculated for every week. If you see the attached photo of IPAY stock, you will see that on the week starting 26th may, the value area lasts for 2 weeks. The value areas cannot be the same for the following week starting 1st June, since it is saying that the point of control is 46.33, which is impossible as price never traded there the prior week, let alone the highest volume price. I have noticed this on a few other stocks and it's concerning that I am not seeing accurate data and I have to manually check everything now. The study effectively misses weeks out. I don't have this problem with futures, just US stocks. Is there any solution to this?


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