OPEN-SOURCE SCRIPT
Updated Point Of Control
Strategy and indicators are explained on the Chart.
Here's how i read the chart.
Entry:
1. Let the price close above the Ichimoku cloud
2. Price is above Volume Support zone
2. Make sure that momentum indicated with Green Triangles for Long Position
Exit:
1. Orange cross at the bottom of the candle indicates price is about to weaken
2. Best time to exit is Volume Resistance + Bearish(Hammer or Engulf )
PS: Use it along with R-Smart for better results
Here's how i read the chart.
Entry:
1. Let the price close above the Ichimoku cloud
2. Price is above Volume Support zone
2. Make sure that momentum indicated with Green Triangles for Long Position
Exit:
1. Orange cross at the bottom of the candle indicates price is about to weaken
2. Best time to exit is Volume Resistance + Bearish(Hammer or Engulf )
PS: Use it along with R-Smart for better results
Release Notes
Cosmetic Update: when price goes beyond fair price, orange cross will be displayed on top of the candle Release Notes
1. Far Volume indicator is visible 2. Added code to validate Fair value on D,W,M timeframe
Release Notes
1. Removed less used Far Volume indicator2. Added Volume Weighted Moving Average
3. Added Keltner Channel, this provides additional momentum validation. Use only "Upper" line in KC, along with Green Triangle to stay in Strong Momentum.
4. some minor changes like color and default values.
Release Notes
1. upgraded to version 52. Renamed titles in Indicators
Release Notes
Cosmetic Updates. Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.