ThinkorSwim TA and More

[desertcynlite]

Looks good! I really like the VolZoneOsc with gradient bars. I tend to recode all my indicators to change color when the trend changes. It makes them much more useful visually to me. One thing I did on my charts yesterday is to change the -40 line to green with some dots and the 40 line to red with some dots. Barry spends a lot of time talking about amateurs and professionals. I found this indicator in my search for trying to express that on my charts. After I added it, I dropped volume from almost all my charts because the indicator seems to do a better job by averaging out the moves. Sometimes a big volume spike can be misleading as to where the top or bottom is located. I believe that if the VolZoneOsc rises and it never hits 40 then that is the amateurs driving the price up. Theoretically, the pros will move the volume to over or under 40 and then when the volume retreats below those numbers, the move is done. That is my interpretation of it.

I also wanted to make sure I reflected the four categories on my chart so as each falls into place I get confirmation of the move.

I'm going to play around with the indicator you shared today. I remember seeing it before but, for some reason I didn't use it. It makes much more sense with the VolZoneOsc. It is a fast mover. I haven't tried changing the values to slow it down yet. Have you played around with the values?