Candle POC [DemaK]
How it works
For every higher-timeframe candle, the indicator requests data from a lower timeframe and separates volume into:
Buy volume (candles closing above open)
Sell volume (candles closing below open)
Neutral volume (candles closing equal to open)
The script then:
Aggregates bullish and bearish volume within the candle.
Calculates volume delta (buy volume minus sell volume).
Normalizes the delta relative to total volume.
Locates the price level where the strongest volume imbalance occurred, which is treated as the candle’s Point of Control.
This POC represents the price level where market participation was most aggressive during the candle, highlighting areas of acceptance or rejection.
What is plotted
A single price level per candle representing the internal volume POC.
Optional detailed labels showing:
Total volume
Volume delta
Delta percentage relative to total volume
How to use it
The Candle POC can act as a short-term support or resistance level.
It is useful for identifying intracandle balance zones, absorption, and momentum shifts.
Traders can combine it with price action or market structure to confirm entries, exits, or areas of interest.
Notes
The indicator always uses lower-timeframe data to improve precision.
Results depend on the availability and quality of lower-timeframe volume data provided by the symbol and exchange.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DemaK220 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DemaK220 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.