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Coloredbars

Volume Strength Candles / Colored BarsIs Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
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stokedstocks tarafından
4
[MV] %B with SMA + Volume Based Colored Bars Entry Signal when %B Crosses with SMA and this is more meaningful if it supports colored bars. Black Bar when prices go down and volume is bigger than 150% of its average, that indicates us price action is supported by a strong bearish volume Blue Bar when prices go up and volume bigger than 150% of its average, that indicates us price action is supported by a strong bullish volume VBC author @KIVANCfr3762
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MustafaVarol tarafından
3