For MetaTrader 4
Quantum Trading - Volume point of control (VPOC) indicator
The Quantum VPOC indicator has been developed to expand the two dimensional study of volume and price, to a three dimensional one which embraces time. The volume/price/time relationship then provides real insight to the inner workings of the market and the heartbeat of sentiment and risk which drives the price action accordingly.
The VPOC indicator displays the transacted volume at the various price levels vertically on the right hand side of the chart, showing instantly those regions where volume is most intense, as well as those where volume is weak. This then creates the valleys and troughs of the volume profile with what we call High Volume Nodes and Low Volume Nodes.
In addition to displaying the volume density against price as a histogram on the chart, and painting the VPOC level based on this analysis, the indicator also highlights the volume nodes outlined above which then define support and resistance regions above and below the VPOC. The indicator divides the volume profile into four equal parts with two nodes in each, a high volume node and a low volume node, which then provides volume traders with deeper insight into the likely strength and weakness of each of these levels.
For MetaTrader 5
MT5 indicator - Volume point of control indicator for MT5
The Quantum Trading volume point of control indicator is now available for the MT5 platform, and building on the hugely successful MT4 version.
The VPOC indicator presents volume and price against time, and so displays a volume histogram to the right of the chart with high volume and low volume nodes. The volume point of control itself acts as the fulcrum of the market where price is an agreement. Once bearish or bullish sentiment then prevails, a trend is then established as the price moves away from the VPOC. The high volume and low volume nodes are also key as these will then signal whether the price is likely to pause or move straight through - in other words a leading indicator of price action in the future.
The VPOC indicator works for all the markets in the multi asset MT5 platform and for commodities, stocks, indices, cryptocurrencies and of course forex.