Candle colours & psychology

advfntrader

Established member
739 66
I'm wondering if the colour of the candles has any effect on our trading psychology / decisions.

I know that some colours make us more alert than others etc. has anyone seen any research about the effect of Candle/chart colours on trading ?

I use Red/Green and I do find the Red jumps out more so than the Green, but I wonder if this plays tricks in the mind...:whistling
 

BeginnerJoe

Senior member
3,329 350
I use red green. Red doesn't jump out more. To me red means as much an opportunity as green. From your adverse reaction to red, I think you got raped by the equity shorts once too often.
 

YouAreNotFree

Experienced member
1,295 225
I've always used red and green candles, haven't really experimented with anything else.

I always use a Black background though because I feel it keeps me calmer than White. Price movement always appears more significant/ pronounced on a White background imo.
 

Jimmy Lulz

Active member
237 62
I need a good close. On some candles a colour assists in giving an immediate visual sign that it has closed as it should, or as it shouldn't.
 
L

Liquid validity

0 0
Black bacground - less eyestrain
Other than that, not bothered.
 

Apothecary

Junior member
20 1
I use white and red candles. What this says about me is that I have a black and white printer.
 

bbmac

Veteren member
3,584 787
Of all the psychological issues that require attention in trading, I would be surprised, nay floored if this has any real bearing Lol ! Do you get out much ?

I'm wondering if the colour of the candles has any effect on our trading psychology / decisions.

I know that some colours make us more alert than others etc. has anyone seen any research about the effect of Candle/chart colours on trading ?

I use Red/Green and I do find the Red jumps out more so than the Green, but I wonder if this plays tricks in the mind...:whistling
 

enragedcow

Active member
211 15
I'm wondering if the colour of the candles has any effect on our trading psychology / decisions.

I know that some colours make us more alert than others etc. has anyone seen any research about the effect of Candle/chart colours on trading ?

I use Red/Green and I do find the Red jumps out more so than the Green, but I wonder if this plays tricks in the mind...:whistling
By default mine are red/green

I think it has HUGE effect on the markets:

I've played many MMORPGS and in all of them the side that was coloured red always got more players because red is associated with aggression and so it was "cool" to be in the red team whereas the blue (sorry alliance :p) was associated with empathy and justice so it got less players but in general more mature players.

Extrapolate this to trading and we find that a red arrow/bar/candle signifies aggression so it naturally draws more "players" to move out of the market.

I've noticed I'm always drawn to shorting an instrument, going long requires more justification.

Definitely deserves further research.

:( I miss playing WoW... still Skyrim's released in 55 days... RAWR <-- completely off topic lol
 

the_coumiester

Member
94 4
By default mine are red/green

I think it has HUGE effect on the markets:

I've played many MMORPGS and in all of them the side that was coloured red always got more players because red is associated with aggression and so it was "cool" to be in the red team whereas the blue (sorry alliance :p) was associated with empathy and justice so it got less players but in general more mature players.

Extrapolate this to trading and we find that a red arrow/bar/candle signifies aggression so it naturally draws more "players" to move out of the market.

I've noticed I'm always drawn to shorting an instrument, going long requires more justification.

Definitely deserves further research.

:( I miss playing WoW... still Skyrim's released in 55 days... RAWR <-- completely off topic lol
Is it true that World of Warcraft ruins relationships, lives, marriages and causes you to fail college? :eek:
 

enragedcow

Active member
211 15
Is it true that World of Warcraft ruins relationships, lives, marriages and causes you to fail college? :eek:
guns don't kill people, death kills people...

it's the structure agency debate and is way too big to discuss here and ... RAWR SKYRIM!1!!1!!shift!!one!!

so do different colour candles affect your trading psychology?
 

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