TrendColor Pro+ ( Color Candling)
The TrendColor Pro feature is a visual representation of market trends and conditions through the use of distinct candle colors. This feature enhances the user's ability to identify ranging, bullish, and bearish market scenarios, providing valuable insights for trading decisions.
Key Features
1. Ranging Markets (Purple Candles)
Description: In a ranging market, candles will be displayed in a distinctive purple color.
Purpose: Purple candles indicate periods of consolidation or sideways movement in the market.
Confirmation: The appearance of purple candles together over multiple periods strengthens the indication of a ranging market.
2. Bullish Markets (Green Candles)
Description: During bullish market conditions, candles will be displayed in a vibrant green color.
Purpose: Green candles signify upward price movement and bullish sentiment.
Confirmation: The persistence of green candles reinforces the bullish trend.
3. Bearish Markets (Red Candles)
Description: In bearish market conditions, candles will be shown in a noticeable red color.
Purpose: Red candles signal downward price movement and bearish sentiment.
Confirmation: Consistent appearance of red candles reinforces the bearish trend.