The indicator automatically calculates and displays on the chart the level of the maximum real volume of the Point Of Control ( POC) of the Market Profile for an array of candlesticks highlighted by a rectangular area. This will significantly increase the accuracy of your position entries when trading POC bounces and reversals.
Attention when testing the demo version! The MT5 strategy tester does not have the ability to drag a rectangle and this is a problem of the limitations of the MT5 strategy tester demo testing itself🙁 When buying and installing on the real chart of the MT5 terminal, everything works perfectly.
To get a rectangular area, click on the button on the indicator panel of the desired color. To get the Point Of Control (POC) level, drag the rectangle onto the array of candles on the chart.
The Point Of Control levels of candle flops and accumulations are ideal places to enter a position, since when working on a trend, the probability of a rebound from the POC level is much higher than the probability of a breakdown.
The level is calculated based on the actual chart volumes when trading futures, etc.In the absence of real volumes, the calculation is made based on the tick volumes of the MetaTrader 5 terminal.
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- Rectangle 1 color – the color of the button 1 and the rectangle to be created
- Rectangle 2 color – the color of the button 2 and the rectangle being created
- Rectangle color fill-fill the created rectangle with color
- Point of control ( true ) / Midline (false ) – calculate POC or midline
- Sound enable – sound on the buttons
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I will be glad to receive your feedback and any feedback on improving the product.
Version of the indicator for the MT4 terminal
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