Volume Markers work like traditional Bull-Bear Markers, but instead of highlighting extreme bullish or extreme bearish price action, they highlight two tiers of high volume Auction Points.
Parameters are defined by the users based on one of three methods:
- Fixed contract or share values
- Ranked based on Auction Point volume over the past X number of bars
- Ranked based on Auction Point volume over the past X number of days
To set the parameters, click on the Volume Marker Color button.
In addition to the square and circle display styles available for Bull-Bear Markers, Volume Markers also may be displayed as a cross. The cross option allows you to overlay Volume Markers on top of Bull-Bear Markers without obscuring them. Here is an example of both combined:
Note: Blog posts like this one offer basic information. For more details, see online help.