VolSys Bar POC indicator allows you to view the POC (Point Of Control) of each candle, which is the price level where the most volume traded is concentrated.

INDEX

• Mode-of-Use
  • General
    • Days to be uploaded
    • Line Thickness
    • Color Bid / Ask
    • Show Rectangle
    • Show background
    • Opacity
  • Set-Data
    • Database
      • 1. Volume
      • 2. Order
      • 3. Aggregate Trades
  • Filter POC
    • Filter Mode
      • 1. None
      • 2. Manual
      • 3. Auto
    • Auto. dev. std.
    • Manual-vol. min.
  • Extend POC
    • Extend
    • Reset-to-start-day
    • Interrupt-line-to-shadow-intersection
    • Line-thickness
    • Max bars extension
    • Tick margin breakout
    • Hide line on breakout
  • Duration on Extension

Mode-of-Use

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the functionality of the indicator itself. 

• General

• Days to load

Defines the number of days you want to load the indicator;

• Line-thickness

Defines the thickness of the dividing line of the rectangle plotted by the indicator;

• Color Bid / Ask

Defines the color of the rectangle, allowing to differentiate between Bar POC with prevalence of volumes traded in Bid or Ask, defining respectively a Bar POC with prevalence of negative delta and positive delta;

• Show Rectangle

Defines whether or not to show the rectangle, as some users may prefer to display only the POC extension lines leaving the candle devoid of any graphical markings;

• Show background

Show rectangle background;

• Opacity

Defines the opacity of the background;

• Data-Setting

• Data-base

Defines the data base on which to calculate the indicator, being able to choose from:

1. Volume

Represents the total volume traded at each price level. This database is useful for understanding the intensity of trading and identifying the price levels at which most market activity occurred.

2. Order

Consider order data, such as the quantity of buy and sell orders at each price level. This option is useful for evaluating order pressure and analyzing the behavior of market participants. 

3. Aggregate Trades

Show aggregate trade volume by combining trades made on the price level. This option provides a more accurate view of trading activity levels by grouping trades executed on the same price level. 

For a more in-depth explanation, please refer to section "Data base type.

There is also the possibility of applying a Min Filter and a Max Filter to the chosen data base;

• Filter-POC

• Filter-mode

1. None

No filter is applied;

2. Manual

A user-defined manual filter is applied;

3. Auto

An automatic filter is applied, that is, the platform based on one of its algorithms filters out the POCs considered most relevant;

• Auto. dev. std.

Defines the standard deviation of the automatic filter;

• Manual-vol.min.

Defines the minimum volume of the manual filter;

• Extend POC

• Extend

If enabled, it extends "virgin" POCs, i.e., those that have not been subsequently tested, to the right of the chart;

• Reset-to-begin-day

If enabled it extends only the current day's "virgin" POCs;

• Interrupt-line-to-intersection-shadow

If enabled it stops the extension of "virgin" POCs at the first touch of the price, while if not enabled the extension stops only when the price closes beyond that line;

• Line-thickness

Defines the thickness of the extension line;

• Max bars extension

Defines the maximum number of bars to which you want to extend the lines, if you leave the value 0 the lines are extended until there is a new intersection with the price;

• Tick margin breakout

Defines the minimum number of ticks for which a breakout is considered in the case of price closing above that line;

• Hide line on breakout

If enabled it deletes lines once breakout occurs;

• Duration-on-Extension

If enabled it shows duration (Days, Hours, Minutes) of the POC extension.