Bar Coloring
Last updated
Last updated
The candle coloring functionality provides users with the flexibility to customize the appearance of candlestick or bar charts by adjusting the color of the candle bodies. This feature offers three distinct coloring modes, two of which align with the signal methodologies outlined earlier.
Furthermore, the candle coloring feature is compatible with various chart types, including Heikin-Ashi, Renko, Kagi, line break, point and figure, and range candles.
Users can easily activate their preferred coloring mode from the settings menu in the candle color mode dropdown.
For optimal utilization of candle coloring, it is advisable to deactivate the borders setting in your chart configurations.
Description: Assigns three distinct colors to price bars based on their relationship to the trend or other specified criteria. Typically, green represents bullish conditions, red indicates bearish conditions, and neutral or sideways movements are depicted in a different color (e.g., gray or blue).
Usage: Provides a clear visual representation of market sentiment and trend direction, helping traders identify potential trading opportunities and make informed decisions.
Gradient:
Description: Applies a gradient color scheme to price bars, where the intensity of the color varies based on the strength or momentum of the trend. Typically, stronger trends are depicted with darker or more vibrant colors, while weaker trends or consolidation periods appear lighter or less saturated.
Usage: Offers a nuanced representation of trend strength and momentum, allowing traders to gauge market dynamics and identify potential trend reversals or continuations more effectively.
Angel Trend:
Usage: Provides traders with a comprehensive assessment of the current market trend, including potential changes in direction or acceleration. By aligning with a robust trend identification strategy, Angel Trend bar coloring enhances decision-making and trade execution processes.
Selecting the appropriate bar coloring setting can significantly enhance your chart analysis and trading experience, offering valuable insights into market trends, momentum, and potential opportunities. Tailor your choice to align with your trading strategy, preferences, and objectives for optimal results.
