PROTECTED SOURCE SCRIPT
تم تحديثه RED-E Point of Control
RED-E Point of Control (POC) Indicator
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OVERVIEW
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The RED-E Point of Control indicator identifies and visualizes the price level where the most trading volume has occurred within a specified lookback period. This volume-weighted price level, known as the Point of Control (POC), often acts as a significant support or resistance zone where institutional traders and market makers have concentrated their activity.
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WHAT IS POINT OF CONTROL?
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Point of Control is a core concept derived from Volume Profile analysis. It represents the price level with the highest traded volume over a given period—essentially the "fair value" price where buyers and sellers found the most agreement. Price tends to gravitate toward this level and often reacts when testing it, either breaking through with momentum or rejecting and reversing.
Key characteristics of POC:
• Acts as a magnet for price action
• Serves as dynamic support/resistance
• Indicates areas of high liquidity and institutional interest
• Helps identify potential reversal or breakout zones
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HOW THIS INDICATOR WORKS
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Volume Profile Calculation:
The indicator divides the price range of the lookback period into multiple levels (user-adjustable resolution) and distributes each bar's volume proportionally across the price levels it touches. The level accumulating the highest volume becomes the Point of Control.
Break Detection:
A "break" is identified when:
• Price closes beyond the POC level
• The previous bar's close was on the opposite side of POC
• The close exceeds a user-defined percentage threshold
• The candle closes in the direction of the break (bullish candle for upward break, bearish for downward)
Rejection Detection:
A "rejection" is identified when:
• Price wicks through the POC level
• Price closes back on the original side of POC
• The wick-to-body ratio exceeds a user-defined threshold
• The rejecting wick is larger than the opposite wick
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FEATURES
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1. Dynamic POC Line
• Horizontal line drawn at the calculated Point of Control
• Extends forward on the chart for easy visualization
• Customizable color, width, and style (solid/dashed/dotted)
2. POC Zone Box
• Highlights the 3 most recent candles near the POC
• Helps visualize price interaction with the POC zone
• Fully customizable border color, background color, width, and style
3. Break & Rejection Detection
• Automatically identifies when price breaks through or rejects from POC
• Displays "BREAK ▲/▼" or "REJECTION ▲/▼" labels
• Draws horizontal lines at break/rejection levels for future reference
4. Information Dashboard
• Displays current POC price
• Shows distance from POC as percentage
• Indicates whether price is above/below POC
5. Alert Conditions
• Bullish/Bearish POC Break
• Bullish/Bearish POC Rejection
• Any Break / Any Rejection (combined)
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SETTINGS GUIDE
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POC Settings:
• Lookback Period: Number of bars used to calculate POC (default: 20)
• Volume Profile Resolution: Number of price levels for volume distribution (default: 50, higher = more precision)
• Recalculate Every X Bars: How often the POC recalculates (default: 3)
Box Settings:
• Border and background colors
• Border width (1-5)
• Border style (Solid/Dashed/Dotted)
POC Line Settings:
• Line color, width, style
• Extension length in bars
Break Line Settings:
• Separate colors for bullish/bearish breaks
• Width, style, and extension length
Rejection Line Settings:
• Separate colors for bullish/bearish rejections
• Width, style, and extension length
Detection Sensitivity:
• Break Threshold (%): Minimum distance beyond POC to confirm break (default: 0.3%)
• Rejection Wick Ratio: Minimum wick-to-body ratio for rejection (default: 0.5)
Label Settings:
• Colors for break/rejection labels
• Text color and size
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HOW TO USE
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1. Identify Key Levels: Watch for price approaching the orange POC line—this is where significant volume has traded.
2. Trade Breaks: When you see "BREAK ▲" or "BREAK ▼," price has convincingly moved through the POC. This may indicate continuation in the break direction. The break line marks the level for potential retests.
3. Trade Rejections: When you see "REJECTION ▲" or "REJECTION ▼," price tested the POC but failed to hold beyond it. This suggests the POC is acting as support/resistance and may signal a reversal opportunity.
4. Combine with Context: Use the POC alongside your existing analysis—trend direction, market structure, and other confluence factors—to improve trade decisions.
5. Set Alerts: Configure alerts to notify you of breaks or rejections without watching the chart constantly.
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IMPORTANT NOTES
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• This indicator works on any timeframe and automatically adapts its calculations to your chart's timeframe.
• POC levels are dynamic and will shift as new volume data comes in.
• Break and rejection signals are for informational purposes—always use proper risk management and additional confirmation before entering trades.
• Past performance of any indicator does not guarantee future results.
• Volume data quality varies by asset and exchange; ensure you're using reliable volume data for best results.
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CREDITS
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Developed by RED-E Society | Rogers1906.com
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DISCLAIMER
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IMPORTANT: This indicator is provided for educational and informational purposes only. It is NOT financial advice, investment advice, or trading advice.
RISK WARNING:
Trading and investing in financial markets involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your financial condition and risk tolerance. You could lose some or all of your initial investment. Do not invest money you cannot afford to lose.
NO GUARANTEES:
Past performance is not indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The indicator's signals, including break and rejection detection, are based on historical price and volume data and do not guarantee future price movements.
USER RESPONSIBILITY:
• You are solely responsible for your own trading decisions.
• Always conduct your own research and due diligence before making any trades.
• Use proper risk management, including appropriate position sizing and stop-losses.
• Consider consulting with a licensed financial advisor before making investment decisions.
• Test any trading strategy thoroughly on a demo account before risking real capital.
LIMITATION OF LIABILITY:
The author(s) and RED-E Society shall not be held liable for any losses, damages, or costs arising from the use or inability to use this indicator. By using this indicator, you acknowledge that you understand these risks and agree to assume full responsibility for your trading decisions.
NO WARRANTY:
This indicator is provided "as is" without warranty of any kind, express or implied. The author does not warrant that the indicator will be error-free, uninterrupted, or that any defects will be corrected.
REGULATORY NOTICE:
This indicator is not registered with or approved by any regulatory agency. It is your responsibility to ensure that your trading activities comply with all applicable laws and regulations in your jurisdiction.
By using this indicator, you acknowledge that you have read, understood, and agree to this disclaimer.
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OVERVIEW
══════════════════════════════════════════════════════════════════════════════
The RED-E Point of Control indicator identifies and visualizes the price level where the most trading volume has occurred within a specified lookback period. This volume-weighted price level, known as the Point of Control (POC), often acts as a significant support or resistance zone where institutional traders and market makers have concentrated their activity.
══════════════════════════════════════════════════════════════════════════════
WHAT IS POINT OF CONTROL?
══════════════════════════════════════════════════════════════════════════════
Point of Control is a core concept derived from Volume Profile analysis. It represents the price level with the highest traded volume over a given period—essentially the "fair value" price where buyers and sellers found the most agreement. Price tends to gravitate toward this level and often reacts when testing it, either breaking through with momentum or rejecting and reversing.
Key characteristics of POC:
• Acts as a magnet for price action
• Serves as dynamic support/resistance
• Indicates areas of high liquidity and institutional interest
• Helps identify potential reversal or breakout zones
══════════════════════════════════════════════════════════════════════════════
HOW THIS INDICATOR WORKS
══════════════════════════════════════════════════════════════════════════════
Volume Profile Calculation:
The indicator divides the price range of the lookback period into multiple levels (user-adjustable resolution) and distributes each bar's volume proportionally across the price levels it touches. The level accumulating the highest volume becomes the Point of Control.
Break Detection:
A "break" is identified when:
• Price closes beyond the POC level
• The previous bar's close was on the opposite side of POC
• The close exceeds a user-defined percentage threshold
• The candle closes in the direction of the break (bullish candle for upward break, bearish for downward)
Rejection Detection:
A "rejection" is identified when:
• Price wicks through the POC level
• Price closes back on the original side of POC
• The wick-to-body ratio exceeds a user-defined threshold
• The rejecting wick is larger than the opposite wick
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FEATURES
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1. Dynamic POC Line
• Horizontal line drawn at the calculated Point of Control
• Extends forward on the chart for easy visualization
• Customizable color, width, and style (solid/dashed/dotted)
2. POC Zone Box
• Highlights the 3 most recent candles near the POC
• Helps visualize price interaction with the POC zone
• Fully customizable border color, background color, width, and style
3. Break & Rejection Detection
• Automatically identifies when price breaks through or rejects from POC
• Displays "BREAK ▲/▼" or "REJECTION ▲/▼" labels
• Draws horizontal lines at break/rejection levels for future reference
4. Information Dashboard
• Displays current POC price
• Shows distance from POC as percentage
• Indicates whether price is above/below POC
5. Alert Conditions
• Bullish/Bearish POC Break
• Bullish/Bearish POC Rejection
• Any Break / Any Rejection (combined)
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SETTINGS GUIDE
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POC Settings:
• Lookback Period: Number of bars used to calculate POC (default: 20)
• Volume Profile Resolution: Number of price levels for volume distribution (default: 50, higher = more precision)
• Recalculate Every X Bars: How often the POC recalculates (default: 3)
Box Settings:
• Border and background colors
• Border width (1-5)
• Border style (Solid/Dashed/Dotted)
POC Line Settings:
• Line color, width, style
• Extension length in bars
Break Line Settings:
• Separate colors for bullish/bearish breaks
• Width, style, and extension length
Rejection Line Settings:
• Separate colors for bullish/bearish rejections
• Width, style, and extension length
Detection Sensitivity:
• Break Threshold (%): Minimum distance beyond POC to confirm break (default: 0.3%)
• Rejection Wick Ratio: Minimum wick-to-body ratio for rejection (default: 0.5)
Label Settings:
• Colors for break/rejection labels
• Text color and size
══════════════════════════════════════════════════════════════════════════════
HOW TO USE
══════════════════════════════════════════════════════════════════════════════
1. Identify Key Levels: Watch for price approaching the orange POC line—this is where significant volume has traded.
2. Trade Breaks: When you see "BREAK ▲" or "BREAK ▼," price has convincingly moved through the POC. This may indicate continuation in the break direction. The break line marks the level for potential retests.
3. Trade Rejections: When you see "REJECTION ▲" or "REJECTION ▼," price tested the POC but failed to hold beyond it. This suggests the POC is acting as support/resistance and may signal a reversal opportunity.
4. Combine with Context: Use the POC alongside your existing analysis—trend direction, market structure, and other confluence factors—to improve trade decisions.
5. Set Alerts: Configure alerts to notify you of breaks or rejections without watching the chart constantly.
══════════════════════════════════════════════════════════════════════════════
IMPORTANT NOTES
══════════════════════════════════════════════════════════════════════════════
• This indicator works on any timeframe and automatically adapts its calculations to your chart's timeframe.
• POC levels are dynamic and will shift as new volume data comes in.
• Break and rejection signals are for informational purposes—always use proper risk management and additional confirmation before entering trades.
• Past performance of any indicator does not guarantee future results.
• Volume data quality varies by asset and exchange; ensure you're using reliable volume data for best results.
══════════════════════════════════════════════════════════════════════════════
CREDITS
══════════════════════════════════════════════════════════════════════════════
Developed by RED-E Society | Rogers1906.com
══════════════════════════════════════════════════════════════════════════════
DISCLAIMER
══════════════════════════════════════════════════════════════════════════════
IMPORTANT: This indicator is provided for educational and informational purposes only. It is NOT financial advice, investment advice, or trading advice.
RISK WARNING:
Trading and investing in financial markets involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your financial condition and risk tolerance. You could lose some or all of your initial investment. Do not invest money you cannot afford to lose.
NO GUARANTEES:
Past performance is not indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The indicator's signals, including break and rejection detection, are based on historical price and volume data and do not guarantee future price movements.
USER RESPONSIBILITY:
• You are solely responsible for your own trading decisions.
• Always conduct your own research and due diligence before making any trades.
• Use proper risk management, including appropriate position sizing and stop-losses.
• Consider consulting with a licensed financial advisor before making investment decisions.
• Test any trading strategy thoroughly on a demo account before risking real capital.
LIMITATION OF LIABILITY:
The author(s) and RED-E Society shall not be held liable for any losses, damages, or costs arising from the use or inability to use this indicator. By using this indicator, you acknowledge that you understand these risks and agree to assume full responsibility for your trading decisions.
NO WARRANTY:
This indicator is provided "as is" without warranty of any kind, express or implied. The author does not warrant that the indicator will be error-free, uninterrupted, or that any defects will be corrected.
REGULATORY NOTICE:
This indicator is not registered with or approved by any regulatory agency. It is your responsibility to ensure that your trading activities comply with all applicable laws and regulations in your jurisdiction.
By using this indicator, you acknowledge that you have read, understood, and agree to this disclaimer.
ملاحظات الأخبار
RED-E Point of Control (POC) Indicator══════════════════════════════════════════════════════════════════════════════
OVERVIEW
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A comprehensive trading indicator combining Volume Profile analysis with 6-level momentum candle coloring. It identifies the Point of Control (highest volume price level), detects breaks/rejections at that level, and colors candles based on momentum strength using EMA and RSI conditions.
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KEY FEATURES
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• POC Line & Zone Box: Dynamic POC level with customizable line and highlighting box
• Break/Rejection Detection: Automatic identification with labels and lines
• 6-Level Momentum Candles: Colors based on EMA9/EMA21 position and RSI thresholds
• Customizable Dashboard: 9 positions, 4 sizes, shows POC, RSI, and momentum level
• Full Alerts: Break and rejection alerts for both directions
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MOMENTUM CANDLE COLORING
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Bull Level 3 (Royal Blue): Above EMAs, bullish candle, RSI > 70
Bull Level 2 (Cyan): Above EMAs, bullish candle, RSI > 60
Bull Level 1 (Green): Above EMAs, bullish candle
Bear Level 1 (Yellow): Below EMAs, bearish candle
Bear Level 2 (Orange): Below EMAs, bearish candle, RSI < 40
Bear Level 3 (Red): Below EMAs, bearish candle, RSI < 30
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HOW TO USE
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1. Watch for price approaching the POC line (key support/resistance)
2. Use candle colors to gauge momentum (blue/cyan/green = bullish, red/orange/yellow = bearish)
3. Look for "BREAK" signals for continuation trades
4. Look for "REJECTION" signals for reversal opportunities
5. Combine with your existing analysis for best results
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SETTINGS
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All visual elements are fully customizable including colors, sizes, styles, and visibility toggles. Dashboard can be positioned in 9 locations with 4 size options.
══════════════════════════════════════════════════════════════════════════════
DISCLAIMER
══════════════════════════════════════════════════════════════════════════════
This indicator is for educational and informational purposes only—NOT financial advice. Trading involves substantial risk of loss. Past performance does not guarantee future results. You are solely responsible for your trading decisions. Use proper risk management and test on demo accounts before risking real capital. The author shall not be held liable for any losses arising from use of this indicator.
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نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
MARK N. ROGERS, MBA
Rogers1906.com
Rogers1906.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
MARK N. ROGERS, MBA
Rogers1906.com
Rogers1906.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.