indicator · on price · open source
Volume Profile POC
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About
Volume Profile POC (Point of Control) is approximated as the volume-weighted average price — the price level that traded the most dollar volume over the lookback.
- Acts like a magnet: price tends to revisit the POC during the next session.
- For full per-bin profile rendering, use the dedicated Volume Profile tool; this line is the lightweight overlay.
Source code
//@version=5
indicator("Volume Profile POC", overlay=true)
len = input.int(20, "Lookback", minval=2, maxval=500)
vpoc = ta.sma(close * volume, len) / ta.sma(volume, len)
p_VPOC = plot(vpoc, "VPOC", color=color.orange, linewidth=2)
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