tosalerts6247
New member
Hi
As per my understanding of Volume Profile it tracks the amount of volume traded at each price rather than time. So if a POC for a day is plotted then irrespective of the timeframe chosen the POC value should remain consistent for the day. If this is working of volume profile and my understanding is correct then I find the volume profile plotting of POC in thinkorswim inconsistent. I can see the POC gets shifted as the timeframe is changed.
Has anyone seen this behavior before? or is my understanding wrong about the volume profile. Any guidance is highly appreciated.
Thanks in advance.
As per my understanding of Volume Profile it tracks the amount of volume traded at each price rather than time. So if a POC for a day is plotted then irrespective of the timeframe chosen the POC value should remain consistent for the day. If this is working of volume profile and my understanding is correct then I find the volume profile plotting of POC in thinkorswim inconsistent. I can see the POC gets shifted as the timeframe is changed.
Has anyone seen this behavior before? or is my understanding wrong about the volume profile. Any guidance is highly appreciated.
Thanks in advance.