Analysis Techniques & Strategies

image\insert_paintbar.gif Impl Volty Gradient (PaintBar)

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Input Information

Name Expression Default Description
UpColor Numeric Yellow Sets the bar paint color for relatively high implied volatility values over its 52-week range.
DnColor Numeric Red Sets the bar paint color for relatively low implied volatility value over its 52-week range.

Description

Impl Volty Gradient is an options-related indicator that uses a gradient color to paint a bar based on the high or low level of implied volatility for the current bar, relative to its range over 52 weeks.

Plot Information

Number Name Default Color Description
Plot1 IVGrad White Paints each bar with a gradient color relative to the high or low level of implied volatility.