Dynamic Levels Channel

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.