As i understood , its standard deviation of volume weighted price. So price SD wont do. Even at EOD, you will need to have series of maybe intraday bar close price * volume. And stddev will be on it.
Bhai !!! it took me 1 year to understand this !!! as a i'm a snail
in learning.
Whole idea of vwap with sd is almost market profile logic is used ..offcourse with little difference in usage...in MP(market profile) we use price at maximum volume,where as vwap (volume weighted average price) is used with SD marking value area of 68.2 where as volume profile takes 70 % ..and remaining 2 sd 's cover upto 95 % of area..these 2SD will act as over bought and over sold so Pull backs etc are a possibility
As i understood , its standard deviation of volume weighted price. So price SD wont do. Even at EOD, you will need to have series of maybe intraday bar close price * volume. And stddev will be on it.
As i understood , its standard deviation of volume weighted price. So price SD wont do. Even at EOD, you will need to have series of maybe intraday bar close price * volume. And stddev will be on it.