The POC line indicator automatically finds the accumulation of large players and displays the structure of the volume flow, in the form of a line passing through the levels of Point Of Control ( POC) – the maximum horizontal volumes. It is indispensable for trading on the FOREX market.
Install the indicator on any chart, and it will independently find and highlight the Point Of Control levels of candle flops and accumulations. The calculation is based on the tick volumes of the MetaTrader 4 terminal and in 90% of cases exactly coincides with the volume levels on futures in terms of the FOREX market.
- ———Filtration———- savings filtering settings
- Volume filter ratio – volume filter ratio
- Price filter ratio – the filter coefficient by price
- Minimum number of bars in the range – the minimum number of bars in the accumulation
- ———- View———– indicator view settings
- Draw a line on history bars – the number of chart bars on the history for which the indicator will be calculated
- Show price-show the numeric POC value for the accumulations detected by the indicator
- Alert with a new range-alert when a new accumulation is formed
- Line color – the color of the indicator line
[spoiler title=”Read More…”]
I will be glad to hear your feedback, discussion and suggestions for improving the indicator.