This indicator plots continuously changing VAH / VAL / POC levels and up and down arrows.
1. Value Area High level
2. Value Area Low
3. Point of Control Level
4. Object of drawing - Arrow
An up arrow means that the price tried to leave the value zone and go up.
A down arrow means that the price tried to leave the value zone and go down.
Arrows cannot be perceived as a signal to buy or sell, but only as a hint of the moment when the price tried to leave the Value Area.
To add and customize this indicator, you need to open the Indicator Settings Window.
Common
Calculation mode - choose type of data for calculation.
- Volume
- Positive delta
- Negative delta
- Delta
- Time
Period - the number of consecutive candles that are analyzed and the result is the plotting of VAH / VAL / POC levels. For example, a period of 40 means that all VAH / VAL / POC levels were plotted as a result of an analysis of a range of 40 candles.
Drawing
Area color
VAH
Show zero values - display zero values.
Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.
Color - choose color.
Visual type - visual setting of the indicator display on the graph:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting up the type of line display:
- Dot
- Solid
- Dash
- Dash - dot
- Dash - dot - dot
Width - set the thickness of the indicator line.
For the VAL, POC, Buys, Sells lines, the settings are similar.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article