Glossary · D
What is Double distribution?
A profile with two separate areas of value connected by a thin, low-volume section, typical of a day that moved from one value area to another.
In context
A double distribution is a profile with two separate bulges (two high-volume nodes, HVNs) joined by a thin neck of low volume (a low-volume node, LVN). The story: the market was balanced in one area, then something knocked it out of balance (on gold, often an 08:30 New York data release such as CPI), price moved quickly to a new area, and there it found a new balance. One day, two small auctions.
Learn it in depth
- Chapter 6: Volume Profile II: Shapes, Yesterday's Map and Value Migration
- Chapter 7: Auction Market Theory
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