OPEN-SOURCE SCRIPT
Updated POC (5min)
POC (5min) is a standalone indicator that calculates the Point of Control (POC) from a rolling window of 5-minute bars and plots it as a horizontal line on any chart timeframe. This means whether you're viewing a 1-minute, 3-minute, or 15-minute chart, the POC level displayed always reflects the 5-minute volume profile — giving you a consistent, timeframe-independent reference for the highest volume price node over the last N 5m bars (default 150).
The settings are minimal by design: you control the number of 5m bars in the lookback window, the row size for volume distribution granularity, the line color and width, an optional price label, and a lookahead toggle for real-time updates during live trading (note: lookahead repaints on historical bars and should be left off for backtesting).
The settings are minimal by design: you control the number of 5m bars in the lookback window, the row size for volume distribution granularity, the line color and width, an optional price label, and a lookahead toggle for real-time updates during live trading (note: lookahead repaints on historical bars and should be left off for backtesting).
Release Notes
Fixed issue on how the POC was calculated/refreshedOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.