That is incorrect. VPOC is the price which has the cumulative highest volume of the day.
Suppose 10,000 shares are traded at Rs. 102. However, 3000 shares were traded 5 times throughout the day at Rs. 100. So, 100 would be the VPOC..
As I said, you can't find the POC this way. Either use an indicator, or load the data in excel to calculate it.
Suppose 10,000 shares are traded at Rs. 102. However, 3000 shares were traded 5 times throughout the day at Rs. 100. So, 100 would be the VPOC..
As I said, you can't find the POC this way. Either use an indicator, or load the data in excel to calculate it.