easy · Order Flow Analysis footprint-delta
If a bar has multiple price levels with identical high volume, which one is designated as the COT?
- The price level that sits closest to the bar's final closing price is designated as the COT.
- Whichever price level occurred first in time chronologically during the bar's formation is named the COT.
- The price level with the higher amount of aggressive buying volume, the Ask Vol, is the one designated as the COT.
- Software conventions vary, but it usually represents a 'High Volume Zone' rather than a single price.
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