Support Board
Date/Time: Sun, 24 Nov 2024 07:23:00 +0000
Post From: Time Point of Control for Bars
| [2024-10-29 23:44:27] |
| robrg2675 - Posts: 4 |
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Ok. I'm not sure how difficult it would be to implement, but it would be a matter of tracking how much time price spent at each price level, and then adding them up to see where it spends the most time. For example, on a 1-point range candle (4 ticks per point), if price spent 5 seconds in the first tick, 5 on the second, 10 on the third, 5 on the fourth, goes back to the third tick for another 10 seconds, then up to the fourth for another 5, and then up to finish this candle and start the next one, the third tick would be the TPOC. This since price spent 20 seconds there, versus only 5 for the first two and 10 for the fourth. Here is an example of a study on another platform that highlights both VPOC and TPOC on each candle. |