Volumzones indicator

[Mako319]

Hi, could someone fill me in on the meanings of the parameters on the Volumezone-indicator (close, 20, 1 False, 80)? Also, explain the meanings of the red and green colors of the volumezone bars?

[NinjaTrader_Ben]

Hello,

Thank you for your post

When you apply the indicator to the chart you will see the input parameter descriptions:

Close > the price type you are using.

10 > number of bars that will be displayed horizontally.

1 > number of pixels between each bar (spacing).

False > the lines that outline the horizontal bars

80 > Transparency (how opaque you want the horizontal bars to be)

Also this link may help:

http://www.ninjatrader-support.com/HelpGuideV6/PowerVolumeIndicators.html

[Mako319]

Thanks - still not quite sure how to interpret the red/green of the bars though. Sorry for being a newbie.