p2pasta

Low Timeframe POC

I have recently made a High Timeframe POC script ( HFT POC) which is pretty popular. Thanks for this!
There are many requests to include lower timeframes in this script, that is why I created this script. I could have incorporated all the timeframe POC's into one indicator but I went this route to keep things more organized between all the different timeframes.

Currently included: Daily, 6H, 3H and 1H

/* DEFINITION */
Point Of Control (= POC) is a price level at which the heaviest volumes were traded.

/* HOW TO TRADE WITH THIS INDICATOR */
The basis for POC is determining bias on whichever timeframe you choose.

1. Identify a POC on the timeframe of your choosing.
/* If you choose the lowest timeframe (1H here) then always make sure to look at the higher timeframes to see how it is trading against a HTF POC.
2. When the price is moving away from the POC (either to the upside or downside) this can confirm or invalidate a trade.
3. You can now enter the trade on bias or wait for a retest of the same POC.

/* EXAMPLE TRADES /*
Here is a screenshot of some of the trades that are possible using these Low Timeframe POC's and some common sense.

https://s3.tradingview.com/snapshots/k/k...
Note di rilascio: Added 'readable' input (boolean) under 'Options'. Default is set to false. Enabling this makes sure that the lines are being rendered from the current bar therefore only showing lines where no candle has been.
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

Could you add VAH and VAL?
+2 Rispondi
It doesn't work properly for some reason. All the POCs are at wrong place.
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Why does this give other levels than the Fixed Range POCs and other levels than the POCs on Exocharts?
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