VPOC with Delta v2.3.4 (Aug 2015)
Description:
VPOC is the Volume Point of Control (volume based)
The VPOC relates to volume and POC relates to time. Both represent where the most trading occurred. VPOC is where the most volume occurred for the specified session or time frame. POC is the price at which trading spent the most time at.Very often people confuse time with volume and think that the price the market traded at the longest would have the most volume, but this is a misconception. Especially when looking at 24 hour charts, the POC does not necessary mean the highest volume price. If only viewing the day session, many times the POC and VPOC are very close or the same, but not always.Which is more important? – That is up to you. Some traders prefer the VPOC because it is more exact when inferring how much interest a particular price was for traders, both buyers and sellers. If you use Market Profile, it often references the POC. Our software, MarketDelta, can use both the Volume Point of Control or POC when viewing a Market Profile chart.
The Volume Point of Control as a reference point that plots a line and shows the history and progression of how the Volume Point of Control has adjusted based on price and volume activity. Think of it as the history of where the high volume price has been over time.
Forex Trading – Foreign Exchange Course
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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
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- Lectures 0
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- Duration 10 weeks
- Skill level All levels
- Language English
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