Updated version of Colour Volume Bars V2 The colour bars: Green: Price up - Volume > 2 x STD of last 21 bars Blue: Price up - Volume > 1 x STD of last 21 bars Maroon: Price down - Volume > 2 x STD of last 21 bars Purple: Price down - Volume > 1 x STD of last 21 bars Grey: not high volume bar black line: 2 bar sma Red line: 8 period sma Blue line: 21 period sma Bollinger band: 55 period sma with bands 2 deviation from the mean
I use this indicator together with the TDI and Ichimoku indicators with the same period settings. Together they give price action, sentiment and volume on three time frames.
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