Candle POC [DemaK]

Candle POC [DemaK] is a volume-based indicator that identifies the Point of Control (POC) inside each candle by analyzing lower-timeframe volume distribution. Instead of assuming that volume is evenly distributed across the candle range, this script reconstructs how volume behaved internally using lower timeframe data.

How it works

For every higher-timeframe candle, the indicator requests data from a lower timeframe and separates volume into:

Buy volume (candles closing above open)

Sell volume (candles closing below open)

Neutral volume (candles closing equal to open)

The script then:

Aggregates bullish and bearish volume within the candle.

Calculates volume delta (buy volume minus sell volume).

Normalizes the delta relative to total volume.

Locates the price level where the strongest volume imbalance occurred, which is treated as the candle’s Point of Control.

This POC represents the price level where market participation was most aggressive during the candle, highlighting areas of acceptance or rejection.

What is plotted

A single price level per candle representing the internal volume POC.

Optional detailed labels showing:

Total volume

Volume delta

Delta percentage relative to total volume

How to use it

The Candle POC can act as a short-term support or resistance level.

It is useful for identifying intracandle balance zones, absorption, and momentum shifts.

Traders can combine it with price action or market structure to confirm entries, exits, or areas of interest.

Notes

The indicator always uses lower-timeframe data to improve precision.

Results depend on the availability and quality of lower-timeframe volume data provided by the symbol and exchange.