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Crypto Schlingel - POC and Volume v5.4
POC & Volume Indicator
📌 Main functions
- POC
- Visualization of bullish and bearish volume in Wicks
- VWAP
- Pivot Points
- Overlong Wicks
In chart analysis, POC stands for Point of Control. The point of control is the price level within a certain period at which the highest trading volume has taken place. It is often shown as a horizontal line in the volume profile and can serve as a support or resistance level.
What does a POC do in chart analysis?
Identifies the price level with the highest trading activity:
The POC shows where supply and demand were most active and therefore where market participants were most interested.
Serves as a support or resistance level:
Traders use the POC to identify potential reversal points or areas where the price could meet resistance or support.
Shows the balance of buyers and sellers:
A POC can act as a balancing point where buyers and sellers meet.
Helps with trend analysis:
The position of the POC in relation to the current price can provide information about the strength of a trend. A POC that is below the current price may be a bullish sign, while a POC above the current price may indicate a bearish trend.
Serves as a target when evaluating volume profiles:
The POC is an important component of the volume profile and can serve as a target or landmark when analyzing trading patterns.
To summarize, the point of control is an important tool in chart analysis for identifying patterns.
The volume weighted average price (VWAP) in chart analysis is an indicator that calculates the average price of an asset over a certain period of time, taking into account the trading volume. It is often displayed as a line on the chart and serves as a reference point for traders to assess whether the current price is above or below the average daily price
Important notes:
Works best on intraday timeframes where volume data is reliable.
Volume delta estimates for lower time frames may not be accurate for all assets.
No guarantee of accuracy
📌 Main functions
- POC
- Visualization of bullish and bearish volume in Wicks
- VWAP
- Pivot Points
- Overlong Wicks
In chart analysis, POC stands for Point of Control. The point of control is the price level within a certain period at which the highest trading volume has taken place. It is often shown as a horizontal line in the volume profile and can serve as a support or resistance level.
What does a POC do in chart analysis?
Identifies the price level with the highest trading activity:
The POC shows where supply and demand were most active and therefore where market participants were most interested.
Serves as a support or resistance level:
Traders use the POC to identify potential reversal points or areas where the price could meet resistance or support.
Shows the balance of buyers and sellers:
A POC can act as a balancing point where buyers and sellers meet.
Helps with trend analysis:
The position of the POC in relation to the current price can provide information about the strength of a trend. A POC that is below the current price may be a bullish sign, while a POC above the current price may indicate a bearish trend.
Serves as a target when evaluating volume profiles:
The POC is an important component of the volume profile and can serve as a target or landmark when analyzing trading patterns.
To summarize, the point of control is an important tool in chart analysis for identifying patterns.
The volume weighted average price (VWAP) in chart analysis is an indicator that calculates the average price of an asset over a certain period of time, taking into account the trading volume. It is often displayed as a line on the chart and serves as a reference point for traders to assess whether the current price is above or below the average daily price
Important notes:
Works best on intraday timeframes where volume data is reliable.
Volume delta estimates for lower time frames may not be accurate for all assets.
No guarantee of accuracy
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.