vZone (Volumes Based Support/Resistance) For ThinkOrSwim

[ApeX Predator]

@ApeX Predator May I know why for different time frames hi/low are marked differently?

It's the highest volume of the chart timeframe, go back to the original post and follow the link, there is a video explaining how to use this, the original author of the concept uses 5m.

-S

 

[number9]

This may be a naive question, but in regard to the "Vol" plot on the lower study the OP posted on page 1, what information is the dark red and dark green portions of each candle providing and telling? In the plot settings under "Vol", the default red corresponds with "down" and green corresponds with "up". Just trying to figure out what those parts of each candle represents.

 

[MerryDay]

This may be a naive question, but in regard to the "Vol" plot on the lower study the OP posted on page 1, what information is the dark red and dark green portions of each candle providing and telling? In the plot settings under "Vol", the default red corresponds with "down" and green corresponds with "up". Just trying to figure out what those parts of each candle represents.

The syntax states:

Vol.AssignValueColor(if close > close[1] then Vol.color("Up") else if close < close[1] then Vol.color("Down") else GetColor(1));

This is saying:

dark green == close is greater than prior close
dark red == close is less than prior close