Point of Control Directional Change - Color

vor 4 Stunden

This is a great tool used to track the changes in the point of control price for each candle relative to the start of the day. In each new candle, if the point of control price changes upward or downward, the indicator will signal this by a bar of color. It can give you insight on the direction price is starting to push towards. No color means no meaningful change.

Important note: this tool is meant to be easily readable with color only, therefore you can make it pretty small at the bottom of the chart. All you need to see is the color change, 1cm or so works great.

You can change the sensitivity of the largest change in the settings, this dynamically changes the sensitivity of medium and small relative to the large percent change. (ex: 3% = 0.03)

Largest Move Down = dark red
Medium Move Down = red
Small Move Down = light red

Largest Move Up = dark green
Medium Move Up = green
Small Move Up = light green

vor 4 Stunden

Versionshinweise

Updated Illustration chart and title.