OPEN-SOURCE SCRIPT
Gold Sniper MGC1! - M30 Precision vPOC
This Pine Script, titled "Gold Sniper MGC1! - M30 Precision vPOC," is a high-precision intraday trading tool designed specifically for Micro Gold (MGC1!) futures. It integrates Market Profile and Volume Profile logic to identify key institutional levels across various trading sessions.
Core Functionality
The script identifies and plots the Volume Point of Control (vPOC)—the price level with the highest traded volume—for specific time windows:
P.vPOC (Previous vPOC): Calculated using a Daily VWAP sync to align perfectly with institutional data from the previous day.
vPOC Today: Tracks the developing Point of Control for the current global session (18:00 - 17:00).
Killzone vPOCs: Specifically isolates the highest volume price levels for the Asia (02h-08h), London (08h-14h), and New York (14h-17h) sessions.
Key Technical Features
Institutional Alignment: By utilizing request.security and hl2 median price calculations on a 30-minute basis, the script filters out market noise and aligns with the structural levels used by "Smart Money".
Dynamic Labels (Vignettes): Each level is projected to the right of the price action with a color-coded label. These labels dynamically display both the Level Name and the Exact Price (to two decimal places), facilitating rapid order entry.
Visual Hierarchy:
Black (Solid): Previous Day's Value (P.vPOC).
White (Dotted): Current Day's Developing Value.
Gold/Cyan/Orange: Specific Killzone session values.
Strategic Application
This script serves as the "Map" for the Gold Sniper MGC1! strategy. Traders use these levels to identify Liquidity Sweeps or Market Structure Shifts (MSS). When the price interacts with these vPOCs, it often signals institutional rejection or acceptance, providing high-probability entry points for intraday "Sniper" setups.
Core Functionality
The script identifies and plots the Volume Point of Control (vPOC)—the price level with the highest traded volume—for specific time windows:
P.vPOC (Previous vPOC): Calculated using a Daily VWAP sync to align perfectly with institutional data from the previous day.
vPOC Today: Tracks the developing Point of Control for the current global session (18:00 - 17:00).
Killzone vPOCs: Specifically isolates the highest volume price levels for the Asia (02h-08h), London (08h-14h), and New York (14h-17h) sessions.
Key Technical Features
Institutional Alignment: By utilizing request.security and hl2 median price calculations on a 30-minute basis, the script filters out market noise and aligns with the structural levels used by "Smart Money".
Dynamic Labels (Vignettes): Each level is projected to the right of the price action with a color-coded label. These labels dynamically display both the Level Name and the Exact Price (to two decimal places), facilitating rapid order entry.
Visual Hierarchy:
Black (Solid): Previous Day's Value (P.vPOC).
White (Dotted): Current Day's Developing Value.
Gold/Cyan/Orange: Specific Killzone session values.
Strategic Application
This script serves as the "Map" for the Gold Sniper MGC1! strategy. Traders use these levels to identify Liquidity Sweeps or Market Structure Shifts (MSS). When the price interacts with these vPOCs, it often signals institutional rejection or acceptance, providing high-probability entry points for intraday "Sniper" setups.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.