How is the v3 close price formula derived?

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Anyone has an idea on why it looks like this? How to understand this formula?

Iā€™m able to understand this example but not the formula itself


Feel it should be:

Close Price (Short) = P Ɨ (1 + (M Ɨ V * (1 - M) / W))
Close Price (Long) = P Ɨ (1 āˆ’ (M Ɨ V * (1 - M) / W))

instead, anyone has an idea?

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