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Date/Time: Sun, 19 May 2024 06:59:11 +0000

Post From: Orderflowanalytics-style reversal bars.

[2015-09-24 23:07:19] Link To Thread - Link To Post [Go To First Post]
Zdislav - Posts: 73
Happy to hear it is useful to somebody. Try to look at post #37 in this thread if you want. It may help you understand the logic behind momentum study. I guess you mean "Volume distribution paint bar study". I looked at it. This study works only if the cluster size is set to 1. That means it shows POC of the bar. But the purpose of cluster analysis is to find the largest concentration of volume in a given bar which doesn't necessarily mean it has to be the POC (and often it is not). Any larger setting only draws cluster evenly distributed around POC (and if the POC is close to high or low it often draws the cluster in a void. Try to draw the study under Numbers bars study and you will see. So I need to stay with my cluster analysis.