A Forex trading indicator developed by the Forex Robot Easy Team, Dynamic POC MT5 utilizes volume profiles to optimize trading strategies in the Forex market. It calculates volume profiles dynamically and displays the results as VAL (Value Area Low), VAH (Value Area High), and POC (Point of Control) curves.
- Dynamic Volume Profiles: The indicator calculates volume profiles dynamically, ensuring accurate representation of market conditions.
- VAL, VAH, and POC Curves: The indicator displays the VAL, VAH, and POC curves, providing valuable insights into market trends and price levels.
- Color-Coded DPOC Curve: The color of the DPOC curve sections is determined by comparing the volume of the POC levels of all profiles that make up this curve.
- Real-Time Recalculation: The indicator recalculates the curve in various scenarios, including chart scaling, scrolling, timeframe switching, and when a new candle appears.
- Regular Recalculation: The value of the curve on the last candle is recalculated regularly, at intervals of once per second.
- Customizable PocPeriod: The PocPeriod input variable allows users to determine the length of the base profile in candles.
The Dynamic POC MT5 indicator can be used to optimize trading strategies in the Forex market by leveraging volume profiles. It provides valuable insights into market trends and price levels, allowing traders to make informed decisions.
To use this indicator, follow these steps:
- Install the Dynamic POC MT5 indicator in your MetaTrader 5 platform.
- Configure the PocPeriod input variable according to your trading preferences.
- Monitor the VAL, VAH, and POC curves to identify potential trading opportunities.
- Use the color-coded DPOC curve to gauge the strength of support and resistance levels.
- Adjust your trading strategy based on the real-time recalculation of the curve.
Please note that ForexRobotEasy is not the official developer of this product. We only provide the sample code that can work as described in this product. For detailed reviews and trading results of this product, visit here. To find the official developer of this product, please use MQL5.