Best used with a monochromatic bar chart, ex. light gray bars that allow signals to stand out.///
Blue = volatility expansion warning, this means volatility has been compressed and is starting a new phase of volatility expansion. (cont.) Think a ball at the top of a hill with very low positional volatility but high potential energy. Blue bars mark the point (cont.) where potential energy starts to transition into kinetic energy. This often 'cycles' into a new regime of higher volatility.
Pink & purple bars signify extreme, exponential trend, often the climax of a particular bull or bear cycle. Can help identify tops.
Orange is meant to signal a pocket pivot as described by Rollytrader among others. This pivot marks the end of consolidation.