WHAT IS AN NPOC AND HOW DO YOU FIND THEM?
I've been asked this question many times, so let's get into it
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I've been asked this question many times, so let's get into it
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Firstly, you should understand what a value area is, what a POC is and what it represents and then by extension what an nPOC (naked POC) is
@Mindset_BTC put out an excellent guide on this recently here:
So don't be a lazy fucker and go read it NOW!
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@Mindset_BTC put out an excellent guide on this recently here:
So don't be a lazy fucker and go read it NOW!
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I personally get my nPOC levels from @ExochartsC
This requires a paid subscription and to fully utilize the information that subscription can supply you'll need a LOT of time, study, patience and practice
I recommend both @abetrade and chartchampions.com for this
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This requires a paid subscription and to fully utilize the information that subscription can supply you'll need a LOT of time, study, patience and practice
I recommend both @abetrade and chartchampions.com for this
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You can however get POC and nPOC levels from @tradingview
There are different ways to do this but I will tell you how I do it
I believe you might need a paid account to use the tool but if you're serious about trading - you should be paying for it already honestly
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There are different ways to do this but I will tell you how I do it
I believe you might need a paid account to use the tool but if you're serious about trading - you should be paying for it already honestly
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FIXED RANGE VOLUME PROFILE
The tool can be found here
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The tool can be found here
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My particular settings are shown in these pictures
There is a specific reason for these settings however if you're not really sure why, just emulate my settings for now and once you learn more you can play around with it
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There is a specific reason for these settings however if you're not really sure why, just emulate my settings for now and once you learn more you can play around with it
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Ok now let's find a DAILY NPOC
I happen to know already there was one from yesterday, so let's find that one
Activate the Fixed Range Volume Profile tool and go to the 1H chart
Click once on daily open, once again on the next daily open
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I happen to know already there was one from yesterday, so let's find that one
Activate the Fixed Range Volume Profile tool and go to the 1H chart
Click once on daily open, once again on the next daily open
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Now you can see we have a POC (in red) that hasn't been touched since the daily open today
Therefore it is "naked"
We can do the same on the Daily chart to find a Weekly NPOC
One click on the first hour of the week, one click on the first hour of the next week
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Therefore it is "naked"
We can do the same on the Daily chart to find a Weekly NPOC
One click on the first hour of the week, one click on the first hour of the next week
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You can see that this POC has been touched since the new week opened, so it is not "naked"
You can do the same for monthly, yearly etc if you wish
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You can do the same for monthly, yearly etc if you wish
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If you get into lower timeframes you can get more specific (i.e. to measure a "Day" the data should really be from 00:00:00 to 23:59:59) but in most cases that's not going to change the data all that much
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Often the data will vary slightly from Exocharts/Atas etc but be close enough not to make a huge difference
If you understand what nPOCs represent and why we might be interested in them, you'll know that you're looking more at a region than you are a specific price level
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If you understand what nPOCs represent and why we might be interested in them, you'll know that you're looking more at a region than you are a specific price level
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Hopefully this helps - if so please LIKE/COMMENT/RETWEET
My ego is in constant existential pain from not breaking 30K followers
I might have to start calling bottoms daily soon to bump the numbers up a bit ;)
12/end
My ego is in constant existential pain from not breaking 30K followers
I might have to start calling bottoms daily soon to bump the numbers up a bit ;)
12/end
Thanks to a couple of followers for commenting about the Session Volume tool that will give you the Daily POCs automatically
Nice and easy to use
Nice and easy to use
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