POC at Extreme

From: $9.99 / month

Validate price action through the footprint left by the activity of large traders to identify potential reversals and corresponding support and resistance.

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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.

Input Name Description
Lookback Period If set to a value greater than 0, POC at Extreme conditions will not be displayed unless the current bar’s high (or low) is greater than (or less than) or equal to the highest high (or lowest low) within the lookback period.
EmojiZone Mode Please refer to this link for EmojiZone documentation.
Select whether the EmojiZone is set to: Disabled, Fixed Projection, Extend Until Future Intersection or Dynamic Support/Resistance Display.
EmojiZone Fixed Projection Distance Specifies the number of bars from the current bar that a Fixed Projection EmojiZone will be drawn.
EmojiZone Extension Line Label Specifies the line label (can be left blank) for an Extend Until Future Intersection EmojiZone line.
EmojiZone Dynamic Break Threshold When using a Dynamic Support/Resistance Display EmojiZone, this input sets the number of ticks by which the zone can be breached without it being regarded as having broken.
EmojiZone Dynamic Evaluation Levels If set to 0, every current EmojiZone is evaluated at each study calculation. To reduce processing time, a non-zero value will limit calculation to the nearest n EmojiZones to the current price where n is the value entered in this setting.

ID Subgraph Description
SG1 POC Price Use to control the Extension Line coloring. It is recommended to set this to Auto-Colouring Based on +/-. With this set, Extension Lines can be colored to indicate potential support (POC at Extreme within an up bar) and resistance (POC at Extreme within a down bar).
SG2 POC Drawing Top Use in conjunction with SG3 to highlight the POC price. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG3 POC Drawing Bottom Use in conjunction with SG2 to highlight the POC price. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG2 POC Drawing Top Use in conjunction with SG3 to highlight the POC price. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs.
SG4 POC at Extreme Condition Evaluates to -1 for a bearish POC at Extreme condition; 1 for a bullish POC at Extreme condition; 0 otherwise.
SG5EmojiZone Properties Use the Color, Width/Size and Transparency Level for Fill Styles inputs to customise the appearance of this indicator’s EmojiZones. Please refer to this link for the EmojiZone documentation.