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In this video, we explain how to use the volume point indicator for TradingView to trade using multiple timeframes.
The volume point of control indicator for TradingView is based on the concepts of market profile and offers traders a unique insight into the volume associated at the various levels on the price chart. In other words, it combines volume price and time to the Y-axis of any chart. The fulcrum of the market is at the VPOC itself which is where the price is in agreement with neither bullish nor bearish sentiment and hence will only break away once this balance shifts. The VPOC and the low and high volume nodes then give a clear view as to whether the price is likely to congest or move through such areas easily and can be viewed in the same way as for price-based support and resistance but through the prism of volume.
