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Title:      POC/Value Area Indicator for eSignal
By:         Divergence Software, Inc.
Web:        http://www.sr-analyst.com

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Project Description:   

This indicator calculates the POC (Point of Control) as well as the Value Area on intraday charts. 

You can select to calculate the POC and Value Area based on volume (i.e., Volume Profile) or based on 
price (i.e., similar to Market Profile). You can specify the bar interval that the calculation should 
take place on as well as the percentage to use for the Value Area calculation.

Note that this indicator operates on intraday charts only (i.e., 1-min and up). It uses intraday data to 
perform its calculations so be sure that your eSignal Time Template is set up to pre-load enough data to 
handle the number of days you are using for the calculation interval that you have specified.

Indicator Parameters:
====================

Calculation Options:

    Interval for Calculation:   Specify the bar interval on which the POC and Value Area calculations
                                should take place. You can specify any intraday interval from 1-min
                                up to 400-min. If left blank (the default value) then the calculation
                                will take place on the chart interval.

    Calculation Type:           Select from "TPO on Volume" and "TPO on Price". When "TPO on Volume" is
                                selected, the total volume traded at each price increment is used to
                                calculate the POC and Value Area. When "TPO on Price" is selected then
                                price only is used to calculate the POC and Value Area. The default is
                                "TPO on Volume".

    Tick/Pip Size:              Specify the tick/pip size of the instrument you are charting. This is
                                an extremely important parameter so make sure you have specified the
                                correct value. The default is 0.25 which is suitable for the eMini.

    Value Area Percentage:      Specify the percentage to use for the Value Area calculation. The default
                                value is 70 percent. Enter a value between 1 and 100.

Cosmetic Options:

    Display POC?:               True or False. Default is true. When set to false the POC line will not
                                be displayed.

    POC Plot Color:             Select the color to use when plotting the POC line. The default is navy.

    Thickness:                  Select the thickness for the plot. Default is 2. Valid range is 1 to 10.

    Line Type:                  Line type to use when drawing the plot. Select from Solid, Dot, Dash, 
                                DashDot and DashDotDot. Default is Solid.

    Display Value Area?         True or False. Default is true. When set to false the Value Area lines 
                                will not be displayed.

    Upper Value Area 
        Plot Color:             Select the color to use when plotting the upper Value Area line. The 
                                default is green.

    Lower Value Area 
        Plot Color:             Select the color to use when plotting the lower Value Area line. The 
                                default is red.

    Thickness:                  Select the thickness for the plot. Default is 2. Valid range is 1 to 10.

    Line Type:                  Line type to use when drawing the plot. Select from Solid, Dot, Dash, 
                                DashDot and DashDotDot. Default is Dot.

    Value Area Shading?         True or False. Default is true. When set to true the area between the 
                                Upper Value Area and the POC will be shaded in one color and the area
                                between the POC and the Lower Value Area will be shaded in another color.

    Upper Value Area 
        Shade Color:            Select the color to use when shading the upper Value Area line. The 
                                default is light green.

    Lower Value Area 
        Shade Color:            Select the color to use when shading the lower Value Area line. The 
                                default is light red.


Disclaimer: For educational purposes only! Obviously, no guarantees whatsoever and use at your own risk.
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