JohnBaron

Point of Control V2

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The genesis of this project was to create a POC library that would be available to deliver volume profile information via pine to other scripts of indicators and strategies.

This is a republish of an invite only script to open access

This is the indicator version of the library function.

A few points of significance:

- Allows the choice of reset of the study period, day/week or bars. This is simple enough to expand to other conditions
- Bar count resets starting from the beginning of the data set (bar index =0) vs bars back from the end of the data set
- A 'period' in this context is the time between resets - the start of the POC (eg. start of Day or Week) until it resets (for example at the beginning of a next day or week)
- Automates the determination of the increment level rather than the user specifying ticks or price brackets
- Does not allow for setting the # of rows and then calculating the implied price increment levels
- When a period is complete it is often useful to look back at the POCs of historical periods, or extend them forward.
- This script will find the historical POCs around the current price and display them rather than extend all the historical POC lines to the right
- This script also looks across all the period POCs and identifies the master POC or what I call the Grand POC, and also the next 3 runner up POCs

This indicator is also available as a library.


BINANCE:BTCUSDT NSE:NIFTY OANDA:XAUUSD NASDAQ:AAPL TVC:USOIL
Versionshinweise: v3 Minor update
Versionshinweise: - added error message if the symbol does not have volume
- updated Auto Increment calculation
- made showing the ranked chart data set POCs a display option

A note about volume calculations. If one candle traverses more than one increment/price level, the volume is divided equally between each price level traversed by the single candle, this should be a rare occurrence but it's important to note that all the volume is not placed at the last point of the price for the candle.
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

Möchten Sie dieses Skript auf einem Chart verwenden?