![]() Note that negative volume for a price zone is the sum of volume for all down days in that zone, while positive volume is the total of volume for all up days in that price zone. Divide the volume into positive volume and negative volume (optional). Total the amount of volume traded within each price zone.Ĥ. Divide this range by 12 to create 12 equal price zones.ģ. Find the high-low range for closing prices for the entire period.Ģ. This example is based on closing prices and the default parameter setting (12).ġ. There are four steps involved in the calculation. Volume-by-Price calculations do not extend beyond the historical data shown on the chart. On a five-month daily chart, Volume-by-Price would be based on ALL five months of daily closing data, while on a two-week 30-minute chart, it would be based on two weeks of 30-minute closing data, and on a three-year weekly chart, it would be based on three years of weekly closing data. Volume-by-Price calculations are based on the entire period displayed on the chart.
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