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I don't expect this thread to become a great discussion but i had an argument with someone about the value area and the VWAP and just would like to get some feedback from people who have some math background.
The argument was about the fact that a VWAP is just an average of volume while the Volume Value Area bands 1 standard deviation away from the VPOC was not an average.
Is it true to say the Volume Value Area Channel is somewhat a form of averaging of price around the VPOC?
Can you help answer these questions from other members on NexusFi?
I want to know the formula to find the winning % i need to achieve on a coin flip bet to reach the break even point over the long term if the payoff is 75%, i.e., i bet $1 to win .75 cents or lose $1. It must be easy but apparantly my mind is off presently. Thanks
No. First, the vpoc and vwap are not the same thing. vpoc is the mode, vwap is the mean. std dev bands are calculated around the mean. the bands themselves are not averages, they represent how closely the data elements cluster around the mean.