Normal Distribution

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The normal distribution generated in Vol Dist Chart is
not the classic historical standard deviation on weighted average
of all the ticks.

It is called the Gaussian fit model which uses
the distribution of the data to estimate the probable normal
distribution. It projects where the correct normal distribution
should be.

To chart the classic value area you can use the new
power indicator "Volume Distribution" which is already
described in the Help file under Power Indicators.

You will find that the classic volume weighted version
in fact is almost the same as the regular bollinger band.

The new power indicator "volume distribution" can chart both
the classic model and the one used in the vol dist chart.

Lawrence


--- In neoticker@y..., "Nick Ali" <nick.ali@l...> wrote:
> I wonder if I understand this chart correctly. I display a volume
> distribution chart and set it to display historical data of the S&P
from
> yesterday open to yesterday close. When I display the normal
distribution
> every part of the chart comes under the 1 standard deviation curve.
In fact
> the curve extends beyond the days range. Is this correct ? What I
am trying
> to do is to produce figures for the value area (1 standard
deviation) of the
> previous days volume. Am I doing something wrong or do I mis
understand the
> charts function ?
>
> Thanks,
> nick.