Hi all,
I'm working on a new indicator that uses previous Point of Controls to help find Naked points of control and other areas on interest. While doing some testing on this, I've noticed that the tick chart POCs can be wildly different than the timed charts.
For example here is a tick chart with 5 days 'history':
And the 15 min chart with similar 5 days:
I've never used Volume Profile much so unsure if it just doesn't work on tick charts OR if the nature of the tick charts make it even more effective. It is consistent across any tick value, provided the amount of days is the same. Wondering if anyone else had much experience with this topic?
I'm working on a new indicator that uses previous Point of Controls to help find Naked points of control and other areas on interest. While doing some testing on this, I've noticed that the tick chart POCs can be wildly different than the timed charts.
For example here is a tick chart with 5 days 'history':
And the 15 min chart with similar 5 days:
I've never used Volume Profile much so unsure if it just doesn't work on tick charts OR if the nature of the tick charts make it even more effective. It is consistent across any tick value, provided the amount of days is the same. Wondering if anyone else had much experience with this topic?