Chloe Adams
The ability to change candlestick colours on the Metatrader 5 platform is a crucial step in optimising the trading environment according to personal preferences. Different colours are associated with different trends and data points, allowing traders to quickly identify patterns and make informed decisions. While the feature is available on mobile, users have reported difficulties finding an option for it on desktop. However, there are workarounds, such as downloading indicators or scripts, and changing individual chart themes.
| Characteristics | Values |
|---|---|
| Customization | Traders can customize the look and feel of their trading environment |
| Color differentiation | Candlestick colors can differentiate between bullish and bearish trends |
| Color brightness | Brighter candles provide more information to the trader |
| Color settings | Traders can adjust individual bars' color settings, such as up bars, down bars, neutral bars, or all bars combined |
| Chart type | Traders can choose between line and bar-style candlesticks |
| Mobile app | The feature to change candle colors is available on the mobile app |
| Desktop settings | Desktop settings do not stick when the chart is closed, and there is no option to save them |
| Default colors | Changing the default colors in MetaTrader involves saving a template with a specific name, such as "default," to be automatically applied to new charts |
| Color scheme | A color scheme is a part of a template in MetaTrader, and it can be customized |
| Indicator | There is an indicator by 'kourosh1347' that allows modifying the color of the candles in MetaTrader 5 |
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What You'll Learn
Open chart window and right-click to select 'Properties'
To change candle colours in MetaTrader 5, you need to open the chart window. To do this, click on the "Chart" icon, which is located in the top-left corner of your screen. Once you have done this, right-click anywhere on the chart window. This will open a drop-down menu. From this menu, select "Properties".
Selecting "Properties" will open a new window with several tabs at the top. From here, you can locate and click on the "Colours" tab. This will allow you to customise the colour settings of individual bars, such as up bars, down bars, neutral bars, or all bars combined. You can also choose between line or bar-style candlesticks by selecting either the "Bar Chart" or "Line Chart" option under the "Type" section, which is located directly below each colour setting section.
It is worth noting that the ability to change candle colours is also available on the MetaTrader mobile app. However, some users have reported difficulties in finding this option on the desktop version. In the desktop version, you can change the theme for each individual chart, but the settings do not save when you close the chart.
To save your colour preferences, you can save the template with the name "default". When you install a new MT4, there is no template with that name. However, when you save any template with the name "default", each time you open a new chart, it will automatically apply this template. This way, you do not have to apply it manually each time.
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Click on the 'Colors' tab
To change the colour of candlesticks on the desktop Metatrader platform, you need to open the chart window by clicking on the "Chart" icon at the top-left corner of your screen. Once the chart window is open, right-click anywhere on the chart and select "Properties" from the drop-down menu that appears. This will open a new window with several tabs at the top. Locate and click on the "Colors" tab.
From the Colors tab, you can customise individual bars' colour settings, such as up bars, down bars, neutral bars, or all bars combined. You can also choose between line or bar-style candlesticks by selecting either the "Bar Chart" or "Line Chart" option under the "Type" section, located directly below each colour setting section.
The ability to adjust candlestick colours is a useful feature of the Metatrader platform, as it allows traders to quickly identify patterns and make informed decisions based on historical data and current trends. Different colours can be associated with different trends and data points, allowing traders to differentiate between bullish and bearish trends at a glance.
It is worth noting that while you can change the colour of individual charts on the desktop platform, the settings do not persist when you close the chart, and there is no option to save them. However, you can save your preferred colour scheme to the "Default" template, so that all future charts will use that theme. Alternatively, you can download indicators or scripts, such as the one provided by "kourosh1347" in the MQL5 Code Base, which allow you to modify the colour of the candles in Metatrader 5.
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Customise individual bars' colours
Customising individual bars' colours in MetaTrader 5 is a crucial step in optimising your trading environment according to your preferences and needs. The ability to differentiate between bullish and bearish trends with distinct colours helps traders make informed decisions promptly. Here is a step-by-step guide to customising individual bar colours:
- Open your chart window by clicking on the "Chart" icon located in the top-left corner of your screen.
- Once the chart window is open, right-click anywhere on the chart and select "Properties" from the context menu that appears.
- A new window will pop up with several tabs. Navigate to the "Colours" tab and click on it.
- From here, you can modify individual bar colour settings, such as up bars, down bars, neutral bars, or all bars together.
- You can also choose between line and bar-style candlesticks by selecting either the "Line Chart" or "Bar Chart" option under the "Type" section below each colour setting.
- Additionally, you can modify the border colours of the candles using the "Scheme" button, although your options may be limited.
- If you wish to save your colour scheme for future charts, consider saving your current chart with your desired colour scheme as a "Default" template. This way, all new charts you create will automatically use this template.
- Alternatively, you can download indicators or scripts, such as "Change the colour of the candles" by "kourosh1347," which allow you to modify candle colours and even set times for colour changes.
Remember that the ability to customise individual bar colours in MetaTrader 5 empowers you to create a trading environment that suits your preferences and enables you to identify patterns and make informed trading decisions efficiently.
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Save changes to the 'Default' template
To save changes to the Default template in MetaTrader 5, follow these steps:
- Configure the desired chart and bar colours.
- Set the preferred scale.
- Select the preferred chart type.
- Load the indicators you want with their settings.
- Load the EA you want and set it up.
- Right-click on the chart and select "Template", or click the "Templates" button in the Charts toolbar.
- Click "Save Template".
- Name the template as "Default" and click "Save". This will prompt you to overwrite the existing default template.
Now, you have created your custom default template, and your settings will be maintained even when you restart MetaTrader. This process allows you to save your preferred chart and bar colours, scale, chart type, indicators, and EA settings as the new Default template.
It is important to note that the Default template in MetaTrader is a group of settings and chart tools that are loaded onto a chart by default. Templates provide a way to standardise chart visualization and analysis, allowing users to quickly apply the same settings to multiple charts.
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Change the default colour scheme
Changing the default colour scheme in MetaTrader 5 is a straightforward process. Firstly, open your chart window by clicking on the "Chart" icon in the top-left corner of your screen. Once the chart window is open, right-click anywhere on the chart and select "Properties" from the drop-down menu.
A new window will appear with several tabs at the top. Click on the "Colours" tab. From here, you can customise the colours of individual bars, such as up bars, down bars, neutral bars, or all bars combined. You can also choose between line or bar-style candlesticks by selecting either the "Bar Chart" or "Line Chart" option under the "Type" section, located directly below each colour setting.
If you want to change the default colour scheme, you can save your preferred colour settings as a template. Set up a chart with your preferred layout, including candle colour, background colour, etc., and then save that layout as a template. Name this template "default". From then on, every time you open a new chart, it will automatically apply this template, and you will not need to change the colour scheme manually.
It is important to note that the default MT4 colour scheme depends on the installation client, and the process described above may not work for all versions of MetaTrader 5.
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Frequently asked questions
To change the colour of all candles in Metatrader 5, you need to open the chart window by clicking on the "Chart" icon at the top left of your screen. Once there, right-click anywhere on the chart window and select "Properties" from the drop-down menu. A new window will appear with several tabs at the top; locate and click the "Colours" tab. From here, you can customise individual bars' colour settings such as up bars, down bars, neutral bars, or all bars combined.
To save your colour preferences, you must first set up a chart with your preferred layout (i.e. candle colour, background, etc.). Then, save that layout as a template. After that, every time you open a new chart, it will have your default layout, and all you need to do is go to templates and load up the one you saved.
Yes, you can change the border of candles by using the "Scheme" button.
