Best used with a monochromatic bar chart, ex. light gray bars that allow signals to stand out.///
Blue = volatility expansion warning, this means volatility has been compressed and is starting a new phase of volatility expansion. (cont.) Think a ball at the top of a hill with very low positional volatility but high potential energy. Blue bars mark the point (cont.) where potential energy starts to transition into kinetic energy. This often 'cycles' into a new regime of higher volatility.
Pink & purple bars signify extreme, exponential trend, often the climax of a particular bull or bear cycle. Can help identify tops.
Orange is meant to signal a pocket pivot as described by @Rollytrader among others. This pivot marks the end of consolidation.
你好。我在程序上添加了“ alertcondition(trigger or extreme_exhaustion or extreme_antipersistence or antipersistence or volexp, "警报") ” 可以在图表变色的时候及时的让我知道。用5秒钟测试了一下。可以用。 另外再次感谢。
Hi. I added "alertcondition(trigger or extreme_exhaustion or extreme_antipersistence or antipersistence or volexp, "alert") to the program You can let me know in time when the chart changes color. Tested it in 5 seconds. Can use. Also thanks again.
Hello, can I add an alert to this indicator? For example, if the chart appears blue after the market closes, and after orange, Tradingview can send me an email alert. thanks.