Chart Colors and Their Psychological Effect - futures io
futures io



Chart Colors and Their Psychological Effect


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Xav1029 with 7 posts (5 thanks)
    2. looks_two josh with 6 posts (9 thanks)
    3. looks_3 arnie with 5 posts (4 thanks)
    4. looks_4 Massive l with 5 posts (5 thanks)
      Best Posters
    1. looks_one Redneck with 6 thanks per post
    2. looks_two vvhg with 2.5 thanks per post
    3. looks_3 Bookworm with 2.5 thanks per post
    4. looks_4 josh with 1.5 thanks per post
    1. trending_up 15,458 views
    2. thumb_up 70 thanks given
    3. group 21 followers
    1. forum 48 posts
    2. attach_file 9 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Chart Colors and Their Psychological Effect

(login for full post details)
  #11 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
josh's Avatar
 
Posts: 5,685 since Jan 2011
Thanks: 6,292 given, 15,689 received

Thank you all for the comments, awesome posts. I would love to see a screenshot of the chart you are describing in words, showing a visual of what you consider to be a good neutral color setting. It is interesting to see how many have considered the psychological impact of bar/candle colors.

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Google Keyword Search Alerts
Traders Hideout
Chart Comparer
NinjaTrader
one chart to another
NinjaTrader
Does anyone have the code for Anchored Vwap to use in Qu …
Traders Hideout
What are the main Eurobond futures and their respective …
Traders Hideout
 
 
(login for full post details)
  #12 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,340 received


josh View Post
Thank you all for the comments, awesome posts. I would love to see a screenshot of the chart you are describing in words, showing a visual of what you consider to be a good neutral color setting. It is interesting to see how many have considered the psychological impact of bar/candle colors.

It makes me feel good just looking at it ....


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 4 users say Thank You to ThatManFromTexas for this post:
 
(login for full post details)
  #13 (permalink)
 Massive l 
Legendary /NQ Trader
OR/USA
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,129 since Mar 2011
Thanks: 1,857 given, 5,071 received



Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Massive l for this post:
 
(login for full post details)
  #14 (permalink)
 Massive l 
Legendary /NQ Trader
OR/USA
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,129 since Mar 2011
Thanks: 1,857 given, 5,071 received


Big Mike View Post
Transparency...

Mike

haha brilliant!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #15 (permalink)
 Massive l 
Legendary /NQ Trader
OR/USA
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,129 since Mar 2011
Thanks: 1,857 given, 5,071 received

I switched to a gray background. not bad...

Each individual candle doesn't do much for me but a series of candles do.
So I don't care if the candle is filled or not (mine are all filled). All I'm concerned with is price and time.


Nice move in gold off of last year's POC (1530).
So far this year's is at 1633.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Massive l for this post:
 
(login for full post details)
  #16 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
josh's Avatar
 
Posts: 5,685 since Jan 2011
Thanks: 6,292 given, 15,689 received

I like this gold/yellow on gray, easy on the eyes (at least on my mobile it is). Similarly, I use a dark blue on yellowish background, hi low bars all the same color. Will post a chart when I get home.

Started this thread Reply With Quote
The following user says Thank You to josh for this post:
 
(login for full post details)
  #17 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
josh's Avatar
 
Posts: 5,685 since Jan 2011
Thanks: 6,292 given, 15,689 received

I don't care about opens and closes, only the extremes, kind of like yours Massive. Darker areas here are overnight session.


Started this thread Reply With Quote
The following user says Thank You to josh for this post:
 
(login for full post details)
  #18 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 578 since Nov 2010
Thanks: 1,867 given, 251 received


Massive l View Post
I switched to a gray background. not bad...

Each individual candle doesn't do much for me but a series of candles do.
So I don't care if the candle is filled or not (mine are all filled). All I'm concerned with is price and time.


Nice move in gold off of last year's POC (1530).
So far this year's is at 1633.

Nice colors...curious why switch to gray from black? I'm also concerned with it being easy on my eyes, currently using standard red/green candles on black.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #19 (permalink)
 Xav1029 
Tampa, FL
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker: Mirus Futures/Zen-Fire
Trading: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,375 since Dec 2011
Thanks: 1,452 given, 3,372 received


josh View Post
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?

Thanks for this @josh . Surprisingly i felt the difference looking at the two charts. Recently changed to black background because the white was burning my eyes, but I might have to experiment with more muted colors.

London Calling
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #20 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
josh's Avatar
 
Posts: 5,685 since Jan 2011
Thanks: 6,292 given, 15,689 received



Xav1029 View Post
Thanks for this @josh . Surprisingly i felt the difference looking at the two charts. Recently changed to black background because the white was burning my eyes, but I might have to experiment with more muted colors.

You are very welcome. I have experimented with black backgrounds, and time and time again I find that my eyes hurt when looking at white text or drawings, or even most colors against the black background. I have done a RGB of about 50,50,50 which is much better. And white can be too bright, but sometimes the monitor is too bright and itself can be adjusted to make it more comfortable. The chart you quoted here is a yellow-ish background that is the most soothing color to my eyes, though currently I have all white which is actually quite nice when the brightness is toned down.

The thread was about colors of the bars themselves primarily; I find myself more naturally emotionally even and calm when using a single color for up and down bars. Since I don't use bar values themselves anyway (OHLC) then an up bar is equivalent to a down bar for me, so there is no need to differentiate using colors between the two (in fact, I rarely use anything but hilo bars anyway so I wouldn't know the close of the bar if I wanted to).

Started this thread Reply With Quote


futures io Trading Community Psychology and Money Management > Chart Colors and Their Psychological Effect


Last Updated on September 10, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts