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.
Calculation mode - choose type of data for calculation.
- Positive delta
- Negative delta
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.
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:
- Up arrow
- Down arrow
- Axis label
Line style - setting up the type of line display:
- Dash - dot
- Dash - dot - dot
Width - set the thickness of the indicator line.
For the VAL, POC, Buys, Sells lines, the settings are similar.
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