The Point of Control (POC) is a concept originally developed by Peter Steidlmayer who developed the Market Profile charting technique. It refers to the price at which the highest volume of trading occurred. This indicator calculates the POC location on a bar-by-bar basis for Numbers Bars as well as bar and candlestick charts to provide insight based upon the intra-bar location of the POC.
When the POC occurs at the extreme of a price bar and the bar direction opposes the price movement that led up to the bar, there is a strong indication that high volume traders have entered the market with sufficient volume to cause the previous move to stop and potentially reverse. This indicator can be particularly effective when used in conjunction with the Bar Ratio indicator to understand whether it is passive or aggressive/initiative trading activity causing the reversal.
POC at Extreme may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.