Sorry, I still don't get it. What are you trying to do?
Increasing the PointMultiplier should help.
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- Thread starter Enivid
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perhaps I can explain with the knowledge I have
in my understanding TPO refers to the number of times price was revisited as it were.Therefore its different from POC in that sense.
When I look at the indicator I can see people speak of TPO but when I look at the settings I see onl;y Median,vah and val...and developing settings.
Perhaps you can help me indentify the tpo using the great tool
Thanks
TPO's are the 'price bricks' the histogram is built from. I don't understand what exactly you want to do with them. If I knew that, I'd probably be able to advise you.
wanted to ask something about the indicator
Under the oint multiplier if i change it to a higher number the POC and VAH/L change..changing my key areas of interest...just wndering..isnt the volume areas supposed to remain the same uder all conditions...simply roudnng off to the same areas of high volues or interest
It's normal that they change because what was previously divided into multiple TPOs will now become a single TPO when you increase the multiplier. That changes how the TPOs are distributed, which changes the VAH/VAL/POC.
okay great
thanks makes sense.
so in a way its as though one setting is taking the M1(no actually but icking many tpos as M1 does) while the other is taking it at D1(comparative example).Woud that mean using this 'timeframe' example that if i use a larger multiplier...this takes into consideration a collective major tpo?
thanks makes sense.
so in a way its as though one setting is taking the M1(no actually but icking many tpos as M1 does) while the other is taking it at D1(comparative example).Woud that mean using this 'timeframe' example that if i use a larger multiplier...this takes into consideration a collective major tpo?
No, it's a little bit different from using different timeframes (though that too results in different TPOs). You still have the same candles when you increase the PointMultiplier, but you are surveying them at much lower resolution (to increase the processing speed).
