by TopTradr » Thu May 16, 2013 5:06 pm
Can you please add the VAH & VAL to this indicator? They are built around the POC.
The Point of Control (POC) is the price where the most trading activity occurred during the day, as represented by the longest line of TPOs nearest to the center of the entire structure. This price is significant because it represents the fairest price to both buyers and sellers. The Value Area is important because it illustrates where 70% of the trading activity occurred during the day. The Value Area High (VAH) and Value Area Low (VAL) tell you where buyers and sellers perceive price to be away from fair value.
Taken From Frank Ochoa, Pivot Boss.