High Low Color Volume

26 בדצמ׳ 2022

Companion to High Low Color Bars, for strategies that don't use open and close levels. Color is determined using change in midpoints between high and low ( hl2 ), with degrees of shading based on threshold levels in the settings. The default threshold is 1.2 standard deviations of the change in hl2.

I use this to get a less noisy visual of volume-driven momentum.