Compression Zones PaintBar
Compression Zones PaintBar adds an unmissable visual layer to your chart by coloring price bars during active compression phases. When compression is detected, bars are painted in a distinct color that makes the consolidation period stand out immediately against normal candlestick colors. Non-compression bars retain their default chart colors, creating a clear visual boundary between trending and compressed states.
- ●Yellow-tinted bars appear during active compression phases — the color makes consolidation zones impossible to miss even at a glance
- ●Color intensity scales with compression score — faint yellow for mild compression (1.0-2.0), bright yellow for intense compression (4.0-5.0)
- ●CompressColor input lets you customize the highlight color to match your chart theme — use any TradeStation color name or RGB value
- ●Optional AlertOnCompress fires an audio alert when compression first begins
- ●Optional AlertOnBreak fires an audio alert when price breaks out of the compression channel
- ●Uses the same three detection methods as the full bundle — ATR Ratio, BB Bandwidth, or Range Ratio
- ●Non-compression bars retain their normal chart appearance for zero visual noise during trending conditions
The PaintBar is the fastest way to identify compression phases on a busy chart. When you see yellow bars, you know the market is coiling. When the yellow bars end and normal colors resume, the breakout is beginning. This makes it especially valuable when monitoring multiple chart windows simultaneously.
All signals are guaranteed non-repainting. Once a bar is colored on close, the color will never change.
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Part of the Compression Zones Bundle
Get all 4 study types for $65 — save $30
Who This Is For
Compression Zones PaintBar is designed as a visual confirmation layer that works alongside the chart indicator and ShowMe study. Use it when you want the fastest possible recognition of compression phases — colored bars are impossible to miss even when scrolling quickly through charts or watching multiple windows.
Apply it to the same chart as the Compression Zones chart indicator. The channel zones show you the breakout boundaries, and the painted bars show you exactly which bars are in the compression phase. The transition from colored bars back to normal candlestick colors marks the beginning of the breakout.
Particularly effective on 1-minute to 5-minute charts during active trading sessions when you need split-second awareness of market state across multiple chart windows. The color contrast between yellow compression bars and normal candlestick colors makes the phase change visible even in your peripheral vision.
See It in Action
Example chart showing Compression Zones PaintBar on a live trading session
Installation Guide
Step 1: Download the indicator file
After purchasing, you will receive a download link via email. Click the link and save the compression-zones-paintbar.eld file to your computer. Save it somewhere easy to find like your Desktop or Downloads folder.
Step 2: Open the Import Wizard
Open TradeStation. Click the File menu in the top-left corner, then select Import/Export EasyLanguage to launch the Import/Export Wizard.
Step 3: Select the import type
In the Import/Export Wizard, select "Import EasyLanguage file (ELD, ELS or ELA)" from the list. Click Next to continue.
Step 4: Browse for the file
Click the Browse button to open a file browser where you can locate your downloaded .ELD file.
Step 5: Select and open the file
Navigate to the folder where you saved the .ELD file. Select compression-zones-paintbar.eld and click Open. The file name shown may differ from the screenshot — look for your downloaded indicator file.
Step 6: Open the Studies menu
On your chart, click the Studies dropdown in the toolbar and select Add Study.
Step 7: Select the PaintBar study
In the Add Studies dialog, click the PaintBar tab on the left side. Find "!IndHub-PB_Compress_v1" in the list, select it, and click OK to apply.
Step 8: Configure settings (optional)
Right-click anywhere on the chart, go to Studies > Edit Studies..., select the study, and click the Inputs tab. Key inputs: CompressColor (default Yellow) controls the bar color during compression. Detection settings (iMethod, iATR_Len, iBaseline_Len, iThreshold, iMinBars) control which bars qualify as compression. AlertOnCompress and AlertOnBreak toggle audio alerts.
Common Issues
I do not see any colored bars on my chart. The indicator is applied but nothing is painted.
The PaintBar only colors bars during active compression phases. If the market is trending or experiencing high volatility, no compression will be detected and no bars will be painted. This is normal behavior — the absence of colored bars means the market is not compressed. Try lowering iThreshold to 0.70 or reducing iMinBars to 3 for more sensitive detection.
Can I change the compression color to something other than yellow?
Yes. Right-click anywhere on the chart, go to Studies > Edit Studies..., select the study, and click the Inputs tab. Change the CompressColor input. You can enter any TradeStation color name (Cyan, Magenta, White, DarkGray, etc.) or use RGB values for custom colors. Choose a color that contrasts well with your chart's candlestick colors for maximum visibility.
Too many bars are being painted. My chart looks mostly yellow.
The iThreshold setting is too permissive. Increase it closer to 0.50 to require tighter compression before bars are colored. Also increase iMinBars to require longer sustained compression before painting begins. If you are on a low timeframe, try a higher timeframe where compression phases are more distinct and shorter in bar count.
For additional help, contact support.