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How to understand this price density formula?
Hello!
I am reading a book and there is a formula in it that I cannot understand. The book deals with measuring price noise. There is a price density formula for this, which I can't figure out.
So here is a quote from the book:
If we take a 10-day chart of highs and lows and draw a box (rectangle) touching the highs and lows, the density will be the degree to which the box is filled.
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