What is POB Indicator?
POB is an MT5 indicator that displays multiple dynamic lines around current price. The bands expand, contract, and follow recent movement according to the available period, smoothing, and price settings.
The layered lines provide visual context for comparing price location and short-term range. They organize chart movement without making a claim about continuation or mean reversion.
How to Use It in Practice
Read POB as three high-low-based bands. Candles touching the middle band indicate a range-like condition, and the band angle and price location organize the wider chart state.
- Compare the slope of all three bands with the location of current candles relative to the outer bands.
- Treat a candle touching the middle band as a separate condition from candles holding outside the band set.
- Adjust the calculation period; the default 14 is relatively short and should be compared with a longer sample.
- Use the bands alongside the rest of the chart rather than as a standalone reading.
Several price references remain visible in one view, changing width adds range context, and style settings support a clean chart.
MT5 Indicator Parameters
The screenshot above shows the default input parameters in the MT5 settings window.
| Parameter | Description |
|---|---|
| Period | Defines the lookback length used to calculate the internal price bands. A shorter period reacts faster to price changes, while a longer period produces smoother and more stable bands. |
