POC (Point of Control) is part of the MarketProfile, respective VPOC part of VolumeProfile. Together with VWAP you have interesting S/R and Zones between both where you are recommended not to trade. The reading of COT and POC is different as the source is. POC doesn't surrogation COT and res versa.Rumpus wrote: Wed Jul 11, 2018 9:20 pm Hi all,
I found that the Volume POC indicator from the MT4 Marketplace approximates the COT very well. There is one on ESignal that is almost infalible in regards to helping understand where market orders for the Day/Week stand, but of course the MT4 volume readings only work if you have data from a big broker or broker network. If someone could create a better version it would help many.
Rumpus
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Re: Forget volume indicator: CoT indicator is for professional traders
Krelian99, Wed Jul 11, 2018 10:27 pm
