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.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.