Volume Price Statistics
Companion chart to Homework #6: IOAMT Webinar - May-13-2011
Companion chart to Homework #6: IOAMT Webinar - May-13-2011
In this video on Understanding PVP, we explore the Single Price and Clusters options of PVP. The Single Price options looks for all specified volume conditions (up to 6) at a single price. The Clusters option is only available when Single Price is checked, and looks for clusters of consecutive prices which all meet the multiple single price conditions.
This video discusses how to calculate and present various daily price based statistics. For example, how often did we open inside the previous days range. And of the days we opened in range, how often did we touch or breach both the previous day high and low, and what are the percentages of these conditions happening. It also discussed how to involve value area high and low and initial balance high and low in these statistical calculations.
The Normalized Price indicator graphs the price movement of an instrument using 100 as the base value for a user specified base date/time. The normalized value for each bar after the base date/time is the percent of the base price expressed as a whole number. (i.e. 100 times actual price divided by actual base price) This indicator shows the percentage move in price relative to some fixed starting point. For example, if you add this indicator to a daily chart using 12/31/99 as the based date, the indicator line will show you how the issue has performed since the beginning of year 2000.
This video demonstrates how to write signals that find higher price during lower volume and lower price during higher volume. It also shows how to quickly move these signals to other charts or create buttons to toggle the signal markers on/off.
This video demonstrates a variety of ways to use the Price Bands indicator for drawing historical bands between two prices or custom indicators