OPEN-SOURCE SCRIPT

VPOCS ZScore

101
An indicator Showing Candle POC's.
Added a Zscore Filter to filter out the High volume candle's.

I like to use at Key Support and resistance Area's to see Absorbtion and Offside positions only on High volume Candles ( The high volume candle part is Key! ). Thoose candles Generally indicate forced participants opening or closing positions, or "Breakout traders entering" positions. When i see a Hi-Volume at S/R levels and price is rejecting ( trading away from the POC ) ill take that as a trigger for a trade.

- Dynamic Support and resistance.
- Show Offside and and Trapped traders

You can tweak the Zscore nominator for Less of more Frequent hits.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.