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

INDEX

• Settings
  • General
    • Line Width
    • Bid / Ask Color
    • Show Rectangle
    • Show Background
    • Background Opacity
  • Filter POC
    • Filter Mode
      • 1. None
      • 2. Manual
      • 3. Automatic
    • Auto. Std. Dev.
    • Min. Vol.
  • Extend POC
    • Extend POC
    • Reset on New Day
    • Remove On Shadows
    • Line Width
    • Max Line Extension

Settings

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

General

• Line Width

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

• Bid / Ask Color

Defines the color of the rectangle, allowing you to differentiate between Bar POCs 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 graphic markings;

• Show Background

Show rectangle background;

• Background Opacity

Defines background opacity;

• Filter POC

• Filter Mode

1. None: No filter is applied;

2. Manual:A user-defined manual filter is applied;

3. Automatic:vAn automatic filter is applied, that is, the platform based on one of its algorithms filters the POCs considered most relevant;

• Auto. Std. Dev

Defines the standard deviation of the automatic filter;

• Min. Vol.

Defines the minimum volume of the manual filter;

Extend POC

• Extend POC

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

• Reset on New Day

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

• Remove On Shadows

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 Width

Defines the thickness of the extension line;

• Max Line 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;