Dear FX-Ray
It's been a while that I try to understand your concept of calculating the DP point value so maybe I can use the same concept on other currency pairs as well. with a quick review of TPO issue. I made following profile based on what I grabbed of that topic. I used 1min data of last week and made two bar charts:
1- Frequency bar chart meaning the number of times that price crossed the specific price during last week (Blue bars).
2- Volume bat charts meaning the sum of 1 min volume of my broker that price crossed the specific price during last week (Orange Bars)
For better comparison of above charts all the values are normalized in percent scale. this comparison produce similar result for important point or in your word Decision Points. I have uploaded the excel file which I used for this study.
As I have spend little time on study of TPO issue, I am not sure that I understand it correctly or not and also you are kindly requested to guide me, if I am in correct path and also is there any other consideration I should pay attention to?
It's been a while that I try to understand your concept of calculating the DP point value so maybe I can use the same concept on other currency pairs as well. with a quick review of TPO issue. I made following profile based on what I grabbed of that topic. I used 1min data of last week and made two bar charts:
1- Frequency bar chart meaning the number of times that price crossed the specific price during last week (Blue bars).
2- Volume bat charts meaning the sum of 1 min volume of my broker that price crossed the specific price during last week (Orange Bars)
For better comparison of above charts all the values are normalized in percent scale. this comparison produce similar result for important point or in your word Decision Points. I have uploaded the excel file which I used for this study.
As I have spend little time on study of TPO issue, I am not sure that I understand it correctly or not and also you are kindly requested to guide me, if I am in correct path and also is there any other consideration I should pay attention to?
