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Date/Time: Sun, 28 Apr 2024 11:36:22 +0000



Error with VbP study

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[2020-07-28 12:52:15]
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?
Private File
[2020-07-28 18:51:04]
Sierra Chart Engineering - Posts: 104368
Refer to this particular Input:
Volume By Price Study: Minimum Time Period % for Reference Days Back

Try setting it to 0.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2020-07-28 20:49:39]
Adam Schwartz - Posts: 81
That's done the job...many thanks SC

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