Frien_dd

Chart Champions - Part 2 - CCV IBs POCs

Thank you for sparing you time to read my indicator.
This indicator has been created as a suite of 3. This was to ensure that those with only the Free Trading View account could benefit (with their restriction to 3 indicators). Please ensure you install each indicator and read each indicator write up to fully understand what has tried to achieved.


Chart Champions – Part 1 –Lvls nPOC VWAPS

This indicator is broken down into:
• Levels
• VWAPS
• Naked Point of Control

Levels
It displays the levels to the right of the price Axis to enable the user to have a cleaner chart.
The below levels will automatically appear:
dOpen – pdHigh – pdLow – pdEQ – pwEQ
Optional Levels include:
mOpen – pmOpen – pdOpen – dbyOpen – wOpen – pwOpen

VWAPs
Optional VWAPs
Daily (including pdVWAP close) – Weekly – Monthly

Naked Points of Control (nPOC)
To view the nPOC move the chart back in time to pick up the nPOCs.


Chart Champions – Part 2 – CCV IBs POC

This indicator is broken down into:
• Chart Champions Value
• Initial Balance
• Points of Control

Chart Champions Value ( CCV )
CCV is based on the 80% rule of the dOpen opening outside of the pdVAH/pdVAL. Please do you own research to fully understand how this trading strategy works (readily avaliable online).

Initial Balance ( IB )
IB is based on the first 60 minutes of the market opening. It captures the highest and lowest points within that 60 minutes. Please do you own research to fully understand how this trading strategy works (readily avaliable online).

Points of Control (POCs)
POC are the price levels where the most volume was traded.
Developing POC (dPOC) will constantly move with volume /price action through out the day.

Optional POCs
Previous Day POC (pdPOC) – Day Before Yesterday POC (dbyPOC)


Chart Champions – Part 3 – Sessions - Manual Input

This indicator is broken down into:
• Manual Inputs (daily, weekly, monthly)
• IGOR SessionsTtimes
• Pre + Market Openings

Manual Input
Daily x3
Weekly x 3
Monthly x 3
This allows the trader to put in specific levels.

IGOR Session Times
This is a user specific requirement to highlight cetain times during the day, displayed at the bottom of the chart in the colour strip.

Pre + Market Openings
This allows the user to see when pre market trading has started and with the live maket has started, displayed at the top of the chart in colours.



A huge thank you goes out to:
Stackoverflow users AnyDozer and Bjorn.
TV user ahancock for allow me use of this code.

Disclaimer the lower the timeframe the more information it processes.
Release Notes: Update to script as forgot to include to delete label function.
Release Notes: IMPORTANT NOTICE - Use Standard Candles

I have had a couple of users contact me reference to differences in dOpen.

This issue was because they were using Heikin Ashi candles (which are none standard)

Heikin Ashi candles
The open for each candle is the average of the previous HA bar’s open and close prices. So will display an un-true daily Open compare to Standard Candles.

-------------------
I am currently working in the background on other tweaks the users have suggest and highlighted there will be some updates coming soon.
Release Notes: CCV Update information

Within the write up I mention that the lower the timeframe the more information it is provided to process.

I have had a couple of users contact me reference how some of the levels are different compared to another platform (TV rules say I cant mention third parties).

After doing some tests with the users, using inbuilt TV Session Volume Indicator (settings Row size 500, VA 70) we noticed that changing time frames changed the VA and POC similar to this indicator.

So the out come was to check if CCV is in play or get the most accurate values for pdVAL/pdVAH/POCs please check the 1m TF.
I have done the best at what I know (hopefully in the future I might be able to get a better resolution).

Please see below results from the 1m TF in comparison to the third party platform:

They are pretty close:
Release Notes: Deletion of label error on Line 53 corrected. (Thank you to the user that Direct Messaged (DM) me).

Any suggestions/improvements please drop me a DM.
Release Notes: User requested to have the option of plain text (no label).


To use the No Label function go to the Settings and click "No Label".
Release Notes: User update request:

Request to have have Developing POC (dPOC) as optional (now can be selected as a tick on off within settings).
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Thank you for your work on this cool indicator. I really like it bro I use with VPSV HD. Look forward to seeing more of your work
200 coins
Reply
Frien_dd IamDobby
@IamDobby, thank you for your comment and TV tokens. Good to see it has been of use.
+1 Reply
Great work man. :)
+3 Reply
Frien_dd NebojsaSladoje
@NebojsaSladoje, Thank you for your comments.
Reply
Legend! Thanks for this :)
+2 Reply
Frien_dd brockard1984
@brockard1984, I hope it has assisted your trading strategies.
Reply
thanks bro
это лучшая попытка объединить такие важные индикаторы, направило мои мысли в нужную сторону
но обрати внимание что уровни POC и уровни на базовых активах (акции, фьючерсы)
отображают не достоверные данные проверял на других аналитических платформах (atas, volfix, sbpro)
я понимаю что проблема с источником данных, но может есть возможность как-то прилепить к ней поток с биржи ))
ещё раз спасибо за труд.
+1 Reply
Frien_dd is_vladimir
@is_vladimir, Thank you for your comments. Tried to answer below.
Есть несколько способов проверить настройки CCV.
1. Volume Session (встроенный индикатор TV)
2. Фиксированный диапазон профиля громкости (VPFR - встроенный индикатор TV).
3. Пробный аккаунт Exo Charts

Разница между Exo Charts и Trading View (TV) заключается в том, что pdVAH и pdVAL из Exo Chart являются статическими значениями (не меняются). Но при использовании инструментов TV pdVAH и pdVAL изменяются при изменении временного интервала.
Если вы используете TV Volume Session или VPFR, зайдите в настройки и измените размер строки на 500.

Единственная проблема в том, что я не могу размещать прямые ссылки на другие сервисы из-за домашних правил Trading View.
Reply
Hey man, thanks for doing this. One question, one is the difference between this and the trading ideas one you have? They seem similar. Thanks!
+1 Reply
Frien_dd PhantomXD11
@PhantomXD11, Afternoon PhantomXD11, Trading Ideas was my first attempt at getting https://justfintech.com/glossary/80-percent-rule/#:~:text=The%2080%20Percent%20rule%20is,Open%20or%20close%20of%202 onto the charts.
In the past when I have used other coders indicators they have pushed out updates and I preferred the original version. So Trading Idea is the OG to stay unchanged.
Chart Champions Part 1, 2 and 3 came from a specific user requirement, that keeps evolving and has a lot more functionality. If you have any suggestions drop me a TV Direct Message.

If you have found my indicator beneficial you can support me by donating. Drop me a Cheers on my profile with some Trading View Coins ;-)
+1 Reply
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