OPEN-SOURCE SCRIPT
POC Direction & Range
NDICATOR : POC Direction & Range
AUTHOR : Baan
VERSION : 1.0
DESCRIPTION:
A clean and simple dashboard indicator that shows two key pieces of information at a glance:
1. POC Direction — tells you whether the current price is above or below the Point of Control (POC). The POC is calculated by finding the price level where most candles closed within the lookback period.
• Bullish → price is above POC
• Bearish → price is below POC
2. Range Status — tells you whether the current price is still inside the recent high-low range or has broken out of it.
• In Range → price is inside the lookback high-low range
• Out Range → price has broken outside the lookback high-low range
RECOMMENDED LOOKBACK SETTINGS:
• 1 min chart → 30
• 3 min chart → 25
• 10 min chart → 20
• 20 min chart → 15
HOW TO USE:
• Bearish + In Range → price is below POC, still consolidating
• Bullish + In Range → price is above POC, still consolidating
• Out Range → price has broken out of the recent range, possible strong move developing
NOTE: This indicator is a tool to assist your analysis. Always combine it with proper price action, support/resistance levels, and risk management. Never trade based on a single indicator alone.
AUTHOR : Baan
VERSION : 1.0
DESCRIPTION:
A clean and simple dashboard indicator that shows two key pieces of information at a glance:
1. POC Direction — tells you whether the current price is above or below the Point of Control (POC). The POC is calculated by finding the price level where most candles closed within the lookback period.
• Bullish → price is above POC
• Bearish → price is below POC
2. Range Status — tells you whether the current price is still inside the recent high-low range or has broken out of it.
• In Range → price is inside the lookback high-low range
• Out Range → price has broken outside the lookback high-low range
RECOMMENDED LOOKBACK SETTINGS:
• 1 min chart → 30
• 3 min chart → 25
• 10 min chart → 20
• 20 min chart → 15
HOW TO USE:
• Bearish + In Range → price is below POC, still consolidating
• Bullish + In Range → price is above POC, still consolidating
• Out Range → price has broken out of the recent range, possible strong move developing
NOTE: This indicator is a tool to assist your analysis. Always combine it with proper price action, support/resistance levels, and risk management. Never trade based on a single indicator alone.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.