Description
The Point of Control 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 line to identify key price zones, gauge market sentiment, and anticipate potential price movements and reversals
Summary
AI summary
POC Line lookback is a trading indicator that plots the Point of Control (POC) line on price charts at daily, 4-hourly, or hourly intervals. The Point of Control represents the price level within a specified period where the highest trading volume occurred, as identified on a volume profile chart. This level is significant because it reflects a price zone where large institutional traders were most active and where market consensus on price was established. Traders use the POC line to identify key support and resistance zones, assess market sentiment, and anticipate potential price movements or reversals. The indicator supports markets including Forex and Indices.
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Forex
Indices
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Since 21/04/2025