Pride,
Would it be fair to say that if today's volume is like 3 times yesterday's volume, Volume POC of today may be more valid in the latter half of the trading day? As that is the price more people have bought and sold. Also, will it be better if we can have the weekly POC with higher weightage to recent trading days.
You can respond with - Don't complicate things
Another question for anyone out there who can answer. I just use Ventura software for trading. They don't have this indicator. Is there anywhere I can download daily tick by tick data and use excel to create this for the stock I want to trade today. This seem like a logical S/R level, but I don;t know how to get it .
Regards,
Rohit