INVITE-ONLY SCRIPT

VPOCS ZScore by Gumbotx

215
An indicator Showing Candle POC's.
Added a Zscore Filter to filter out the High volume candle's.

I like to use at Key Support and resistance Area's to see Absorbtion and Offside positions only on High volume Candles ( The high volume candle part is Key! ). Thoose candles Generally indicate forced participants opening or closing positions, or "Breakout traders entering" positions. When i see a Hi-Volume at S/R levels and price is rejecting ( trading away from the POC ) ill take that as a trigger for a trade.

- Dynamic Support and resistance.
- Show Offside and and Trapped traders

You can tweak the Zscore nominator for Less of more Frequent hits.

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.