Rationale & Trading Techniques
The Point of Control (POC) indicates the price level at which the highest volume of trades occurred within the current price bar and therefore for each bar represent the most significant price for the bar. The emoji trading Order Flow Suite allows 3 Moving Averages to be calculated and displayed based upon each bar’s POC price level. These POC Moving Averages can be used in preference to Moving Averages based upon the bar’s closing price for mean reversion, Moving Average crossover or other Moving Average-based trading techniques.
POC Moving Averages Settings
|POC MA calculation mode||Simple, Weighted and Exponential calculation modes are available for the POC Moving Averages.|
|POC MA1 Period||Enter the number of bars for which the first POC Moving Average is to be calculated.|
|POC MA2 Period||Enter the number of bars for which the second POC Moving Average is to be calculated.|
|POC MA3 Period||Enter the number of bars for which the third POC Moving Average is to be calculated.|