The comment below from the previous posting by a community member:

Perhaps my primary question about EV methodology is why the large players (who we assume have all means at their disposal to hide their intentions) would cause a large change in price from minute to minute (compared to the high-low difference during that minute), which is what LEV/SEV separation is based on.

Is this an accurate portrayal of the methodology? I thought EV calculates effective volume based on as small as a penny a share change from one minute to the next.