Visualizes horizontal volume distribution to calculate Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL).
Copy and paste this code directly into your TradingView Pine Editor
//@version=5
indicator("FxSnip - Volume Profile POC Helper", "FxSnip Volume POC", overlay=true)
pocPeriod = input.int(50, "Lookback Bars for POC")
highestVolPrice = ta.highest(volume, pocPeriod)
hPrice = ta.highest(high, pocPeriod)
lPrice = ta.lowest(low, pocPeriod)
pocEstimate = (hPrice + lPrice) / 2
plot(pocEstimate, "Estimated Session POC", color=color.orange, linewidth=2, style=plot.style_linebr)
plot(hPrice, "Value Area High (VAH)", color=color.blue, linewidth=1, style=plot.style_stepline)
plot(lPrice, "Value Area Low (VAL)", color=color.blue, linewidth=1, style=plot.style_stepline)
.ex5 / .mq5 file.Trade with the highest volume traded nodes using our Volume Profile & POC Engine. Identifies key institutional fair value zones where 70% of total volume occurred.
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