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X rVPoC

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Overview

The rVPoC indicator isolates and displays the Volume Point of Control — the price level within a chosen lookback window that has accumulated the highest traded volume.
Unlike typical volume profiles that analyze an entire session or day, this version is designed for rolling intraday precision. It continually updates the VPoC using data from a lower “zoomed-in” timeframe (e.g., 1-minute) to refine accuracy, even when viewed on higher-timeframe charts.

How It Works

At its core, the indicator “zooms in” via Pine Script’s multi-timeframe engine:

Lower timeframe aggregation:
A secondary (zoomed) timeframe — by default 1-minute — is used to pull detailed OHLCV data through request.security().

Rolling window analysis:
The user-defined bars_per_current parameter determines how many of those lower-timeframe bars to include (e.g., 15 → a 15-minute rolling window).

Volume binning:
The high-to-low range of that window is divided into evenly spaced price bins (vp_price_levels). Each bin accumulates the volume of trades overlapping its range.

Point of Control selection:
The bin with the greatest accumulated volume is located, and its volume-weighted midpoint is plotted as the VPoC.

Visual output:
Discrete line-break markers are plotted for each bar, preventing the “connecting line” distortions common in continuous plots.

Use Case

This indicator is ideal for intraday traders who want to:

Track how the most active traded price shifts over time.

Identify short-term value zones forming within a 15-minute (or custom) rolling range.

Observe micro-structure behavior during developing sessions without committing to full volume profile tools.

Overlay a lightweight VPoC on top of other tools such as open-range or VWAP-based frameworks.

It is particularly effective on 1-minute and 5-minute charts, providing a granular yet efficient measure of volume concentration that updates bar-by-bar.

Summary

The VPoC indicator delivers a continuously updating micro-profile of where trading volume is most active within a chosen intraday window.
It’s designed to complement range, VWAP, and order-flow analysis by highlighting evolving value zones without visual clutter or session-anchoring logic.
Traders can interpret shifts in the VPoC as changes in short-term control — where buyers or sellers are concentrating their activity within the evolving price structure.
リリースノート
clean up settings
リリースノート
clean up of settings
リリースノート
control over precision element
リリースノート
clean up
リリースノート
changed wording in settings and added tool tip for clarity as to how it operates in real time versus what you see in historical values
リリースノート
fixed code for when developing TF is greater than visual.
リリースノート
when using higher TF have to reduce days to precision else will get a run time error
リリースノート
minor clean up

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