This indicator brings together groups of consecutive bars on the chart with approximately equal volume.
Besides singling out groups of bars by a sketch of a rectangle, this indicator makes them stand still and the color that shows in what direction directed this group of roughly equal volumes. With the default settings, the blue color indicates an upward trend, and red accordingly - downward.
If you have paid attention to a screenshot of the indicator , you probably have noticed that in the graph are drawn not only rectangles, but the segments above and below the rectangle.
This "structure" should be treated according to the rules "candlestick", ie, a rectangle -.. Is the body of the candle, and the segments - a shadow of a candle. If the box is red, then this "candle" downward, and boundary of the rectangle - this is the price of opening and closing the inside of the rectangle.
If you reduce the scale of the graph to the minimum, then the graph will be only red and blue rectangular zone indicator , and the segments turned into a shaded area and become part of the overall rectangle that can be useful to look at the big market of the period for the identification and analysis of the general current trend.
How to use this indicator
When properly configured, it can and should be used to identify current trends in senior time frames, or simply on a large period of the schedule, and the opening of the transaction on a smaller time frame and rigorously towards trend.
