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The Point of Control (POC) is a price level on a volume profile chart where the most trading volume has been conducted within a specified period. This level acts as a significant support or resistance zone because it represents a price where large trading institutions were most active and where market price found consensus. Traders use the POC to identify key price zones, gauge market sentiment, and anticipate potential price movements and reversals.
I have removed all the noise from the usual volume profile indicators leaving just the POC line for those who only require the line. I have included a parameter to view the POC line for either the previous day, 4hr or 1hr volume profile so it is suitable for traders of different timeframes.
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Desde 21/04/2025