Point Of Control (POC) & Value Area Indicator

 POC & Value Area Indicator

The point of control (POC) is the single largest data point in the volume profile. It has some usage, as at least I have realized those psychological values match quite often to those.. See the pics. 

NT 8 latest versions have feature set order flow volume profile + (if lifetime license used) but to point those meaningful values might be hard to see but worth to check anyway. Here is the simple POC taken out from there and shown to the chart not to mix with too much info.

Addition: Value Area Plots has been added, which are needed if you want to utilize any strategies based on those Up and Low values. (Those values are not exposed by NinjaTrader other than lines), and this seems to match order flow indicator value area so same algorithm (two plus..  *)) 

Plus one addition, session and 24 hours added so not only inside bars. Use OnBarClose to get previous day value (some use that)  or OnEachTick to get current session value.

Parameters (Default):

• Type (0): 0 = Bar, 1: Session, 2: 24 H (=session too, usually)
• Delta Type (BidAsk): BidAsk, Up Down Tick
• Area % (68): Volume Area, set 0 not to calculate and use.

Plots (Default):

• POC (Yellow):  POC
• UpperArea% (Blue):  UpperA
• LowerArea% (Blue): LowerA

Pictures:

(Old:)

New:

OnBarClose Settings: Previous session shown (Type 1)

Download: NT8

FYI: Version since 2023/03/15 need at least NinjaTrader version 8.1.1.1.

Purchase: PriceGroup2

License: PVDeltaDivergence 

So several other ones available with that indicator license like PVDeltaDivergence, too.

Misc: 

This use directly those volumetric bars inside so you need appropriate NT license as well but if enough demand, then I can create a version where that value is totally calculated inside indicator so no need for that license.  (so currently it supports all those bar types, which support volumetric bars like tick, volume, second, minute, range ..  but not all, even that restriction could be bypassed as at least I would like to see that in my PVBars) 

Version v04 added 28.04.2024, corrected that if shows that with volumetric bars as well 

*)  Calculation of value area, take POC, calculate two next up and down volume together, which one is higher, add that to area, repeat until 68 % (default, which mean about 1 deviation). You are welcome.