The Dynamic POC indicator allows you to view the Point of Control (POC), or the price level where the most volume has developed, of the last n minutes or bars. It also allows you to view standard deviations from the POC, providing a dynamic representation of volume activity over a configurable time period.

Using Settings

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

General

Period Mode

Lets you define the reference period for calculating the indicator. You can choose between:

• Minutes: Show the POC of the last n minutes. This is useful for intraday traders analyzing short-term volumetric patterns.

• Bars: Show the POC of the last n bars. This is useful for traders who want to analyze POC based on candle count rather than time.

Period Value

Defines the value of the period indicated in the Period Mode setting. For example, if Period Mode is set to Minutes and Period Value is 120, the indicator will display the POC of the last 120 minutes.

Envelope

In this section you can define the parameters for calculating percentage-based Envelopes around the POC. These envelopes show volatility bands as a percentage deviation above and below the POC, helping to identify overbought and oversold conditions:

• % First: Defines the percentage deviation for the first envelope band. This creates the initial band around the POC. Default is typically 0.10 (10%).

• % Second: Defines the percentage deviation for the second envelope band, creating a wider band around the first. Default is typically 0.25 (25%).

• % Third: Defines the percentage deviation for the third envelope band, creating the outermost band. Default is typically 0.50 (50%).

Example: If the POC is at price 5900 and % First is 0.10, the first envelope bands will be drawn at approximately 5890 (lower) and 5910 (upper). These percentage values are applied to the POC price level to create the envelope distance.

Subgraphs

In this section you can change the color and thickness of the POC and Envelope lines:

• POC Color: Define the color of the main POC line

• Secondary Color: Define an optional secondary color

• Subgraph Style: Choose the line style 

• Line Width: Adjust the width of the POC and envelope lines

• Line Style: Define the line style

• Short Name: Customize a short name for the indicator