Multi Point Statistics

The basic building block recorded by the Profile is the TPO, or “time-price opportunity. Price displays opportunities, time controls the opportunities shown and volume measures whether the opportunities where acted upon, or not.

Whereas a simple moving average (SMA) typically only reference the arithmetic mean of the last N bar closes, this indica [...]
Whereas a simple moving average (SMA) typically only reference the arithmetic mean of the last N bar closes, this indica [...]
When calculating the statistical median, 50% of all observed prices are higher and 50% are lower than the median itself. [...]
When calculating the statistical median, 50% of all observed prices are higher and 50% are lower than the median itself. [...]
When calculating the statistical mode, we arrive at the price for which is the highest occurrence of trades – the volume [...]
When calculating the statistical mode, we arrive at the price for which is the highest occurrence of trades – the volume [...]