Price Action and Volume Pattern Trading with Session POC Levels

Summary

This open-source strategy combines price action patterns, volume conditions, and a point-of-control style measure. It offers selectable modes for hammer or shooting-star patterns, a doji-based POC setup, or both. The visible code sets thresholds for candle wick and body proportions, volume, pattern symmetry, and a minimum risk/reward filter. It also calculates volume-weighted average prices for Asian, European, and US sessions and plots them as session POC references; the excerpt explicitly says these plotted values do not participate in trade signals.

The supplied document is truncated during the pattern-detection section, so the full entry, confirmation, and exit rules cannot be established from the available text. It describes a simulated leveraged environment and initial capital, but gives no backtest results or performance evidence. The strategy's thresholds and session definitions are configurable, and the excerpt alone does not establish robustness across markets or timeframes.

Key ideas

• The script provides selectable price action, POC, and combined trading modes.
• Hammer and star detection uses candle anatomy thresholds and volume conditions.
• The session POC calculations are visual references and are stated not to drive trade signals.
• A minimum risk/reward threshold is included among the configurable inputs.
• The excerpt is incomplete and provides no performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.