Jessie Taylor
TradingView’s candlestick charts use red and green candles by default to indicate price movements. However, users can customise the colours of their charts, including candlesticks, by navigating to the Chart Settings. Here, users can manually select which features they would like to customise the colour for. Candles are coloured based on how the bar's open compares to its close. Bars that close higher are made green, while red bars indicate a lower close. Sometimes candlesticks are black and white instead of red and green, but the same principle applies.
| Characteristics | Values |
|---|---|
| Default colour of candlesticks that closed lower than their opening price | Red |
| Colour of candlesticks that closed higher than their opening price | Green |
| Alternative colour for candlesticks that closed lower than their opening price | Black |
| Alternative colour for candlesticks that closed higher than their opening price | White |
| Indicator that plots crosses below every red candle | @version=5 indicator(title="Highlight red candles", overlay=true) redCandle = close < open plotshape(redCandle, style=shape.xcross, color=color.black, location=location.belowbar) |
| Indicator that highlights every green candle | @version=5 indicator(title="Highlight green candles", overlay=true) greenCandle = close > open bgcolor(greenCandle ? color.new(color.orange, 80) : na) |
| Indicator that highlights doji candles | @version=5 indicator(title="Highlight doji candles", overlay=true) dojiCandle = close == open bgcolor(dojiCandle ? color.new(color.teal, 80) : na) |
| How to change the colour of candlesticks | Navigate to the Chart Settings icon in the top right of a chart and select the desired colour under the Style section |
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What You'll Learn
TradingView's default candlestick colours
By default, TradingView's candlestick charts use green candles to indicate bars that closed higher than their opening price. Conversely, bars that closed lower than their opening price are coloured red.
However, TradingView allows users to customise the colours of their candlesticks. To do so, users can navigate to the Chart Settings, found in the top right corner of a chart. From here, users can manually select which features they would like to customise the colours for. Under 'Style', users can adjust the colours for features related to the chart style they have selected, including candlesticks, HCL bars, renko bars, and line charts.
It is important to note that if some bars are automatically painted using the opposite colour, it may be due to the 'Colour Bars Based on Previous Close' option being enabled. This can be turned off in the chart settings.
Additionally, TradingView offers the ability to use candlestick pattern indicators to predict future price movements based on the current chart trend. These patterns are labelled blue for bullish indicators, red for bearish indicators, and gray for indicators that can show both bullish and bearish signals.
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How to change TradingView chart settings
TradingView offers a wide range of customisation options for users to adjust their chart settings according to their preferences. Here is a step-by-step guide on how to change TradingView chart settings, specifically focusing on how to turn candlesticks from red to black:
- Locating Chart Settings: To begin customising your chart, find the Chart Settings icon, which is usually located in the top right corner of the chart. This icon often appears as a gear or a cogwheel.
- Selecting Colour Options: Once you have accessed the Chart Settings menu, look for the "Style" or "Colour" options. Here, you will find various features related to your chart style that can be customised. This includes the ability to change colours for candlesticks, HCL bars, renko bars, line charts, and more.
- Disabling Default Colour Scheme: By default, TradingView's candlestick charts use green and red colours to indicate the direction of price movements. Green candles represent bars that closed higher than their opening price, while red candles indicate bars that closed lower. If you wish to turn the red candles black, you will need to disable this default colour scheme. Look for an option such as "Colour Bars Based on Previous Close" or similar, and ensure that this option is turned off.
- Customising Candlestick Colours: With the default colour scheme disabled, you can now customise the colours of your candlesticks. Look for the specific option to customise candlesticks within the Style or Colour settings. Here, you can manually select the colours for different aspects of the candlesticks, including the body, borders, and wick. Choose black as the colour for the desired elements of the candlesticks.
- Applying Customisations: Once you have made your colour selections, be sure to apply or save your changes. The specific method may vary depending on the TradingView interface you are using, but there should be an option to confirm and apply your chosen settings.
- Advanced Customisations: TradingView also offers more advanced customisation options through the use of scripts and indicators. For example, you can use the "CandleColor" script, which allows you to colour candlesticks based on buy and sell pressure. Additionally, the "Hybrid Heikin Ashi Overlay" script provides a clean trend visualisation while keeping regular candles intact. Explore the Indicators and Strategies menu to discover more customisation options.
By following these steps, you should be able to successfully change your TradingView chart settings and turn the candlesticks from red to black, or any other colour of your choice. Remember that TradingView provides a flexible platform, and you can always experiment with different settings to find the chart configuration that best suits your trading needs.
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How to code red and green candlesticks
By default, TradingView's candlestick charts colour bars that closed higher in green and those that closed lower in red. This colouring is based on how the close compares to the open. So, if a bar closed higher than its opening price, it would be coloured green, and if it closed lower than its opening price, it would be coloured red.
To code for red and green candlesticks, you can use the open and close variables in TradingView. The open variable returns the bar's open price, and the close variable returns the bar's closing price. By comparing these two variables, you can determine whether the candlestick is red or green.
GreenCandle = close > open
RedCandle = close < open
In this code, the `greenCandle` variable is true when the bar's closing price is greater than its opening price, indicating a green candlestick. Similarly, the `redCandle` variable is true when the bar's closing price is less than its opening price, indicating a red candlestick.
You can also use these variables with other TradingView features. For example, you can highlight all the green candles with a specific background colour:
//@version=5 indicator(title="Highlight green candles", overlay=true)
GreenCandle = close > open
Bgcolor(greenCandle ? color.new(color, 80) : na)
Alternatively, you can turn off the default candlestick colouring and implement your own custom colours. To do this, go to the chart settings (gear icon in the top right corner) and uncheck body, borders, and wick under the symbol tab. Then, you can use scripts to colour the candlesticks according to your own criteria.
For example, the following script colours the candlesticks based on buy and sell pressure:
//@version=5
Indicator(title="CandleColor", overlay=true)
UpColor = lime
DownColor = red
NeutralColor = blue
BuyPressure = close > open
SellPressure = close < open
BarColor = na
If buyPressure
BarColor = upColor
Else if sellPressure
BarColor = downColor
Else
BarColor = neutralColor
Plot(0, style=candles, color=barColor)
In this script, the `buyPressure` and `sellPressure` variables are used to determine the direction of the price movement. If the closing price is greater than the opening price, it indicates buying pressure, and the candlestick is coloured green. If the closing price is less than the opening price, it indicates selling pressure, and the candlestick is coloured red. If there is no change in price, it indicates neutral pressure, and the candlestick is coloured blue.
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What candlestick colours mean
Candlestick charts use colours to indicate price movements and trends. TradingView’s candlestick charts use a default colour scheme of green and red candles. Green candles represent bars that closed higher than their opening price, while red candles indicate the opposite—bars that closed lower than their opening price.
The colours green and red are often associated with bullish and bearish markets, respectively. A bullish market indicates that a security's price is likely to increase, while a bearish market suggests an expected decline in price. Therefore, the green and red colours on a candlestick chart can quickly convey to traders whether a security's price has increased or decreased over time.
However, it is important to note that sometimes candlesticks are displayed in black and white instead of the default red and green. In this case, black candlesticks represent a decrease in price (closing lower than the opening price), while white candlesticks indicate an increase in price (closing higher than the opening price). This alternative colour scheme maintains the same meaning as the red and green colours but provides a different visual representation.
Users can also customise the colours of their candlesticks on the TradingView platform. By navigating to the Chart Settings, users can manually select and change the colours of various features, including candlesticks, HCL bars, renko bars, and line charts, among others. This flexibility allows traders to adapt the chart's appearance to their preferences or specific needs.
Additionally, TradingView offers the ability to use indicators and strategies, such as the CandleColor script, to colour candlesticks based on specific criteria. For example, the CandleColor script colours candlesticks green, red, or blue, depending on whether the buy/sell pressure for that candle is bullish, bearish, or neutral, respectively. This provides traders with a visual representation of market sentiment and can aid in making informed trading decisions.
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Customising TradingView's candlestick colours
TradingView’s candlestick charts use green candles to highlight bars that closed higher than their opening price. Conversely, bars that closed lower are coloured red. Sometimes, candlesticks are black and white instead of red and green.
To customise the candlestick colours on TradingView, follow these steps:
- Navigate to the Chart Settings icon in the top right corner of the chart.
- Under Style, select the candlestick chart option.
- Manually select the colour of your choice for the candlesticks.
- If you wish to change the colour of other elements, such as the background, grid lines, text, or crosshairs, select the Background tab within the Chart Settings.
- To change the theme colour of the entire platform, click the Toggle Theme button.
It is important to note that the default colours of the candlesticks (red and green) provide valuable information about the price movement. Red candles indicate a downward price movement, while green candles indicate an upward price movement. Changing the colours may make it more challenging to interpret the chart at a glance.
Additionally, TradingView offers various indicators and scripts that can automatically colour the candlesticks based on specific criteria, such as buy/sell pressure, higher timeframe candle consistency, or custom time ranges. These indicators provide additional insights and can be found in the Indicators and Strategies menu.
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Frequently asked questions
To change the colour of your candlesticks in TradingView, go to the Chart Settings by clicking on the icon in the top right corner. Under Style, you can customise the colours for features related to the chart style you currently have selected, including candlesticks.
By default, TradingView’s candlestick charts use green candles to highlight bars that closed higher. Bars that closed lower are coloured red.
To turn off the red colour for your candlesticks, you can turn off the "Color Bars Based on Previous Close" option in your chart settings.
Yes, you can use TradingView's Candlecolor feature. This feature allows you to highlight candlesticks that fall within a user-defined time range with a colour of your choice, while candlesticks outside this range maintain their original appearance.
