🪅Trend Candles
colorful candles
Trend Candles
Our candle coloring feature is designed to provide traders with multiple options for enhanced market analysis.
Beyond simply aligning with the prevailing trend, users can choose from two additional coloring methods: Trend Magnet and Trend Range, along with the option for custom colors.
These versatile candle coloring options simplify trend recognition, reduce cognitive load, and enable faster, more informed trading decisions.
Candles are colored based on the advanced Trend Magnet algorithm, which detects market trends with remarkable accuracy. This method helps traders quickly identify the direction and strength of market movements. When they are orange or yellow, it indicates an uptrend, while any other color signifies a downtrend.
Candles are colored according to the Range channel. They will appear greyed out while within the bounds of the trend channel. If a candle is above the upper channel, it will be colored red, indicating a potential reversal point. Conversely, if a candle is below the lower channel, it will be light lime, suggesting a potential bullish reversal point.
The custom color aligns with the trend signals, displaying green, red, or any color you select based on the signal’s direction. This allows for clear visual representation of the trend conditions.
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