Ben Carter
If you want to change the colour of your candlesticks in MT4, there are a few methods you can try. One way is to set up a chart with your preferred layout, including candle colour, and save that layout as a template. Then, every time you open a new chart, you can simply load up your saved template. Another method is to save a template with the name default. This way, every time you open a new chart, the default template will be automatically applied, and you won't have to apply it manually each time. These methods allow you to customise the appearance of your candlesticks to your preference, such as having green candles when the price goes down or red candles when the price goes up.
How to change candle color in MT4
| Characteristics | Values |
|---|---|
| Permanent change | Save the template with the name "default" |
| Temporary change | Set up a chart with the desired layout (candle color, background, etc.) and save that layout as a template. Then, load that template each time you open a new chart. |
| Candlestick color rules | Green even if the price goes down, red even if the price goes up |
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What You'll Learn
Save your preferred layout as a template
The default MT4 chart colours depend on the installation client, but you can change them to your preferred colours in a few simple steps.
To save your preferred layout as a template, first open the platform and then right-click on the chart you wish to modify. Select 'Properties' or press F8 to bring up the 'Chart Properties' window. Here, you can adjust colours for different aspects of the chart, including bars, candles, background, grid, and more.
Once you have selected your desired colours, click 'OK' to apply the changes. To save your custom colour scheme for future use, right-click on the chart, select 'Template', then 'Save Template'. Give it a name, and it will be saved for quick access later. You can also save your template with the name 'default'. When you install a new MT4, there is no template with that name, but when you save any template with the name 'default', each time you open a new chart, it will automatically apply that template.
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Name the template 'default' to auto-apply it to new charts
To change the default template for new charts in MT4, follow these steps:
- Create a basic chart setup with your preferred layout, including candle colour, background, and any other customisations.
- Save this chart setup as a template. You can do this by going to "File > Profiles > Save As" and naming the template "default" or "default.tpl".
- Now, every time you open a new chart, the "default" template will be automatically applied. You won't need to manually apply the template each time.
It's important to note that saving a template as "default" will not change your existing open charts. However, when you close a chart and reopen it, the "default" template will be applied. This method ensures that your preferred chart layout is automatically applied to new charts, saving you time and providing a consistent experience.
By following these steps, you can efficiently set up your MT4 charts with your desired candle colours and other customisations, enhancing your trading experience and ensuring your charts are tailored to your preferences.
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Set up chart layouts with your desired candle colour
To set up chart layouts with your desired candle colour in MT4, follow these steps:
Firstly, go ahead and set up a chart with your desired layout, including your preferred candle colour, background colour, and any other customisations. Once you're happy with the layout, save this as a template. This way, each time you open a new chart, you can simply apply this template, and your customisations will be there.
To make this process even faster, you can save the template with the name "default". This way, each time you open a new chart, MT4 will automatically apply this template, and you won't have to manually select it from your saved templates each time.
It is important to note that these instructions are based on user forums and may not be official guidance. The colours of the candles in the image you provided seem to be based on an indicator making coloured candles based on specific rules.
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Save your layout preferences as a template
MetaTrader 4 (MT4) allows traders to customize their charts with various colour schemes, enhancing visibility and analysis. Changing the colour of your candlesticks can significantly impact your trading performance as it allows you to better recognize patterns, trends, and other visual cues.
To change colour schemes in MT4, start by opening the platform, then right-click on the chart you wish to modify. Select “Properties” or press the F8 key to bring up the Chart Properties window. Here, you can adjust colours for different aspects of the chart, including bars, candles, background, grid, and more. For example, you can set the "Bull Candle" and "Bear Candle" colours to green and red, respectively, to easily identify market trends. Additionally, changing the background to a dark or light colour can make it easier on the eyes, depending on your preferences.
After selecting your desired colours, click the “OK” button to apply the changes. To save your custom colour scheme for future use, right-click on the chart, select “Template,” then “Save Template.” Give it a name, and it will be saved for quick access later.
A faster way to save your layout preferences as a template is to name your template "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 that template. This way, you don't have to apply it manually each time, and it will be as if your preferred layout preferences were the default template.
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Load your saved template each time you open a new chart
To ensure that your preferred candle colour is applied each time you open a new chart, you should save your chosen layout as a template. Begin by setting up a chart with your desired layout, including your preferred candle colour, background colour, and any other customisations. Once you're happy with the layout, save it as a template.
When saving your template, consider saving it with the name "default". This way, each time you open a new chart, the template will be automatically applied without any further action needed on your part. This method is faster and more convenient than manually selecting your saved template each time.
To save your template, go to the "Templates" section in MT4 and choose a name that best describes your layout. If you want the template to be automatically applied, be sure to name it "default". This way, you won't have to worry about selecting it each time you open a new chart.
By following these steps, you can efficiently load your saved template and ensure that your preferred candle colour is consistently applied across all your new charts. This not only saves time but also provides a seamless trading experience by allowing you to focus on the data analysis and decision-making process without distractions.
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Frequently asked questions
Set up a chart with your preferred layout, including the candle colour, background etc. Save this layout as a template. Then, every time you open a new chart, go to templates and load your saved layout.
Save the template with the name 'default'. When you install a new MT4, there is no template with that name, so when you save any template as 'default', each time you open a new chart, it will automatically apply that template.
These are not MT4 candles but are based on an indicator making coloured candles based on specific rules.
Unfortunately, it seems that there is no way to change the default colours of all candles permanently on MT4.
