OPEN-SOURCE SCRIPT
POC up & down Detector
Consecutive POC Detector
The Consecutive POC Detector is a market structure and volume-based indicator that tracks the evolution of daily Point of Control (POC) levels to identify bullish, bearish, neutral, and potential ranging conditions.
Instead of relying on price action alone, the indicator analyzes how volume is distributed throughout the trading day and compares consecutive daily POC levels to determine whether market participation is shifting higher or lower.
Features
• Daily Point of Control calculation using intraday volume data.
• Multiple POC calculation methods:
Weighted OHLC
Range Overlap
HLC3
Close Price
• Automatic market state detection:
Bullish
Bearish
Neutral
Possible Ranging
• Dynamic POC levels plotted directly on the chart.
• High-volume confirmation system using relative volume analysis.
• Long and Short trade signals generated when price interacts with the previous day's POC under favorable market conditions.
• Strong Buy and Strong Sell confirmations after initial signal generation.
• Optional session filtering for futures, forex, and custom trading sessions.
Signal Logic
Bullish signals occur when:
Market state is Bullish.
Price trades below the previous POC.
Price closes back above the POC.
Volume exceeds the configured volume threshold.
Bearish signals occur when:
Market state is Bearish.
Price trades above the previous POC.
Price closes back below the POC.
Volume exceeds the configured volume threshold.
Additional Strong Buy and Strong Sell signals are generated when momentum confirms the original setup.
Dashboard Information
The built-in information panel displays:
Current market state
Previous POC
Yesterday's POC
Today's developing POC
Volume versus average volume
Above/Below POC interaction status
Best Used For
Index Futures
Crypto Markets
Forex
Stocks
Intraday Trading
Swing Trading
The indicator is designed to help traders identify volume-supported directional bias and potential institutional accumulation or distribution zones using consecutive Point of Control analysis.
The Consecutive POC Detector is a market structure and volume-based indicator that tracks the evolution of daily Point of Control (POC) levels to identify bullish, bearish, neutral, and potential ranging conditions.
Instead of relying on price action alone, the indicator analyzes how volume is distributed throughout the trading day and compares consecutive daily POC levels to determine whether market participation is shifting higher or lower.
Features
• Daily Point of Control calculation using intraday volume data.
• Multiple POC calculation methods:
Weighted OHLC
Range Overlap
HLC3
Close Price
• Automatic market state detection:
Bullish
Bearish
Neutral
Possible Ranging
• Dynamic POC levels plotted directly on the chart.
• High-volume confirmation system using relative volume analysis.
• Long and Short trade signals generated when price interacts with the previous day's POC under favorable market conditions.
• Strong Buy and Strong Sell confirmations after initial signal generation.
• Optional session filtering for futures, forex, and custom trading sessions.
Signal Logic
Bullish signals occur when:
Market state is Bullish.
Price trades below the previous POC.
Price closes back above the POC.
Volume exceeds the configured volume threshold.
Bearish signals occur when:
Market state is Bearish.
Price trades above the previous POC.
Price closes back below the POC.
Volume exceeds the configured volume threshold.
Additional Strong Buy and Strong Sell signals are generated when momentum confirms the original setup.
Dashboard Information
The built-in information panel displays:
Current market state
Previous POC
Yesterday's POC
Today's developing POC
Volume versus average volume
Above/Below POC interaction status
Best Used For
Index Futures
Crypto Markets
Forex
Stocks
Intraday Trading
Swing Trading
The indicator is designed to help traders identify volume-supported directional bias and potential institutional accumulation or distribution zones using consecutive Point of Control analysis.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.