Changes the color of the bars for each day allowing the trader to distinguish each day separately. This tool designed for Market Profile ®.
This is a simple tool that has been designed for Market Profile ® and is intended to give the trader the "split view" of market profile over a number of days. The color alternates between days so that the trader can see each day as a bar chart and should help the trader to "understand" how market movement and bar charts form to create a Market Profile chart.
The AltDayColor EFS and all our other indicators are available to Premium Members.
This tool also assists in seeing where single ticks were created and how and why they are points of support and resistance.
- This tool currently has no options.
Tips on using the AltDayColor tool
- Best viewed on an RTH chart with a timeframe of 30 minutes per bar.
Click on the thumbnail below to see an example of what the AltDayColor tool looks like on an ER2 bar chart configured with an RTH time template and on a 30 minute time frame.
Other indicators in this Pack/Series: