MR Volume POC Levels 4
The indicator was created for the "Masters of Risk" trading system.
- The settings are compared with volumes in NinjaTrader 8 terminal with CQG datafeed. The settings of EURUSD-6E, GBPUSD-6B, AUDUSD-6A and other currency pairs were compared.
- It shows the POC (Point of Control) volume levels for the selected period of time.
- Point of Control (POC) are not lines, they are zones.
- Which zones are relevant and which are not, is determined by the author's methodology.
- The indicator shows Breaking or Supporting the tendency of market movements.
- With the indicator, you can track the traces of major market players.
- In combination with "MR Reversal Patterns 4" and "MR Range Breakouts 4" indicators you can see where the players are locked in Range.
- "MR Volume POC Levels 4" is based on indicator "VP: Volume Profile v6.0. © FXcoder".
How to use indicators - Article
For MetaTrader 5 https://www.mql5.com/en/market/product/63565