I use ATR% (x) as a market volatility mode indicator. I calculate it for an asset (stock) and then divide it into lowest 5% = very quiet, 20 % lowest - Quiet, 5% highest = very volatile, 20% highest = Volatile and the rest 50% as normal.
Is it possible to have the whole chart in different colour for the different modes?
you can't conveniently color a chart in Multicharts, but you can accomplish what you have in mind. However you will likely have to play around with the order of the plots and the plot style (histogram, bar high and bar low) a bit, to get the result that you want.
The following 2 users say Thank You to ABCTG for this post: