High Timeframe POC

Introducing the High Timeframe POC (HTF POC) Indicator
What It Does
The HTF POC Indicator is a powerful tool that helps traders identify key price levels on your chart based on the Point of Control (POC)—the price level where the most trading activity (volume or time) occurred over a specific timeframe. Think of it as a "magnet" where price tends to return or bounce off. This indicator works across multiple timeframes (1-hour, 4-hour, 6-hour, weekly, monthly, and custom periods like 3M or 6M), giving you a clear view of significant support and resistance levels from both short-term and long-term perspectives.
Key Features:
Displays POC lines for different timeframes (e.g., 1H, 4H, 6H) as horizontal lines on your chart.

Limits the number of lines per timeframe (default 5, adjustable) to avoid clutter.

Allows customizable line lengths (e.g., 1 day for 1H, 7 days for 6H) and label positioning to keep your chart clean.

Highlights developing POCs (current price action) and optional Value Area (VA) levels for added context.

Removes crossed POC lines automatically to focus on relevant levels.

Why It Matters
Traders use POCs because they act as support (price floor) or resistance (price ceiling) zones. By seeing POCs from multiple timeframes, you can:
Spot where price is likely to reverse or consolidate.

Align your trades with both short-term (1H, 4H) and longer-term (6H, monthly) trends.

Avoid overcomplicating your chart with too many lines, thanks to customizable settings.

How to Use It
Here are practical ways to leverage the HTF POC Indicator in your trading:
Identify Entry and Exit Points:
Look for price approaching a POC line (e.g., a 4H POC in green). If price bounces off this level, it’s a potential buy (support) or sell (resistance) signal.

Example: If the 1H POC is near current price and price respects it, enter a trade in the direction of the bounce.

Combine Timeframes for Confirmation:
Use shorter timeframes (1H, 4H) for precise entries and longer timeframes (6H, monthly) for trend direction.

Example: If a 6H POC aligns with a monthly POC and price holds, it’s a stronger signal to trade in that direction.

Set Stop Losses and Targets:
Place your stop loss just beyond the POC level (e.g., 1-2% below a support POC).

Set your profit target at the next POC level (e.g., the next 4H POC above your entry).

Spot Reversal Zones:
Watch for price stalling or reversing at multiple POC alignments (e.g., 1H and 6H POCs stacking). This is a high-probability reversal zone.

Example: If price drops to a 1H POC and a 4H POC at the same level, consider it a key area to watch.

Adjust for Clarity:
Tweak the “Max lines to display” (e.g., set 1H to 3 lines) and “Line length” (e.g., 1 day for 1H) in the settings to focus on the most recent and relevant levels.

Move labels (left for 1H, right for 6H) to avoid overlap and keep your chart readable.

Quick Tips
Enable Timeframes: Turn on 1H, 4H, or 6H based on your trading style (short-term or swing).

Color Coding: Red for 1H, Green for 4H, Blue for 6H—easy to distinguish on the chart.

Test It: Apply it on a daily chart and adjust settings to see how POCs align with past price action.

Get Started
Add the HTF POC Indicator to your TradingView chart, customize the settings to match your strategy, and watch how POC levels guide your trades. Whether you’re scalping or swing trading, this tool helps you stay ahead by highlighting where the market “remembers” its past!