Forex MR Volume POC Levels MT4 Indicator

Forex MR Volume POC Levels MT4 Indicator:

About the Forex MR Volume POC Levels MT4 Indicator

The indicator was created for the “Masters of Risk” trading system.

  • The settings are compared with  volumes in NinjaTrader 8 terminal with CQG datafeed. The settings of EURUSD-6E, GBPUSD-6B, AUDUSD-6A and other currency pairs were compared.
  • It shows the POC (Point of Control) volume levels for the selected period of time.
  • Point of Control (POC) are not lines, they are zones.
  • Which zones are relevant and which are not, is determined by the author’s methodology.
  • The indicator shows Breaking or Supporting the tendency of market movements.
  • With the indicator, you can track the traces of major market players.
  • In combination with “MR Reversal Patterns” and “MR Volume Boxes” indicators you can see where the players are locked in a range.

Test results:

Forex MR Volume POC Levels MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment