How To Set Up Volume To Red Green On Thinkorswim refers to customizing the volume indicator in the Thinkorswim trading platform to display positive volume in green and negative volume in red. This visual representation helps traders quickly identify the flow of money into and out of a stock or asset.
Using color-coded volume bars makes it easier to spot potential trading opportunities, such as breakouts or reversals. It also allows traders to track volume trends and identify areas of support and resistance. Additionally, the color-coded volume bars can be used in conjunction with other technical indicators to enhance trading strategies.
