Date/Time: Sat, 22 Feb 2020 07:04:42 +0000
[User Discussion] - Seems that Value Area calculation is not correct in Volume By Price study
|User972768 - Posts: 153 | Ending Date: 2020-01-05 [Expired]|
It seems that VbP study calculates Value Area inaccurately. I set my study to cover 70% of volume and what I see is not what I would expect.
Please take a look at attached screenshot of ES on Sep 11, 2019 at 14:28 US Eastern time. In my opinion 70% of profile should cover less of the lower section under Point of Control and take a bigger bite out of the upper distribution above 2992.25.
PS As a reference, I use v1986
Thanks and best regards
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