Charting and Studies User Guide - CQG.com

Details of MPVA Calculation
Page 281
MPVA in dynamic mode: Dynamic mode allows you to calculate and show MPVA values for a
custom-defined time interval on an intraday chart. In this case, any time the interval range is
calculated from session start time or day, start time and MPVA study values for every time
interval will take into account TPO of prices from the day or session start time, so dynamic
mode shows how MPVA values are changing within the day or session for every defined time
interval.
MPVA for intraday charts: This study is calculated on base of 5 min (or 1 min) bars. Using 5
min bars is the default. If the dynamic interval in dynamic mode isn't divisible by 5, then 1 min
bars are used in the calculation. For every bar, MPVA values correspond to the end of this bar
rather than its start time. This helps reflect the market state for the end of bar. It is especially
helpful with Point and Figure, TFlow, and Constant Volume Bar charts where bar times aren’t
determined.
For example, if Dynamic Interval = 30, and there is one 1.5 hour bar (including approximately
3 time intervals), MPVA values will be calculated based on bars from day or session start time
until the last dynamic interval that starts inside this long bar.
Example:
Session start = 8:30 a.m.
Dynamic Interval = 30 min
Dynamic mode is On
PF start bar time = 9:45 a.m.
end bar time = 10:50 a.m.
So, for this Point and Figure bar, the dynamic interval is 10:30 – 11:00 and will include data for
the 8:30 – 11:00 period.
Charting and Studies User Guide