Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Do you think the color of a candle or bar affects certain people when trading? Here are two charts, one a standard red/green candle, and the other a black OHLC. Imagine that you had placed the lower blue line before the market open, and that you were looking to buy at or near the line. Would you have found it more difficult to buy if you saw the big red down candles? Compare that to the neutral, black OHLC. Does the OHLC chart, by its lack of color in this case, present a generally more neutral perspective? Is it easier to buy after a big down bar (often the best time to buy) if you don't see a lot of red? Conversely, is it easier to sell after a big up bar if you aren't seeing green?
More generally speaking, how does the color of various chart components affect our trading, if at all?
I've thought about this a lot in terms of how the colors affect my vision but in the last few months I've thought about in terms of the effect it has on me mentally. The gray background I use is the most soothing one I have found and all other colors stand out on it.
For a long time I've wanted to use a monochromatic chart. I do have another chart I use that is muted browns and dark greens. I like this chart. Its easier to watch and for some reason I don't seem to be so anxious when watching it.
More experimentation is needed.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Absolutely, Red= stop, green= go, many a trade has been closed to early because of a unfortunately placed color. Numbers on the other hand, don't have this problem.
Fast moving red/green bars have made me take bad trades. Both on Entry and exit. Learning to ignore the bars and look at the chart itself has been a challenging thing to learn.
I tried changing the colors but could never find a combination I liked. The best thing I did was to change the background to grey and remove the grid lines. This makes the chart more pleasing to look at.
Okay, here's my preference but please don't spread this around the internet.
I like my candles the same color.
Either all red or all yellow. I like the red on a black background.