How to change candlestick color in MT4

How to change candlestick color in MT4

If you’re just starting out in trading, then you may be wondering how to change candlestick color in MT4. This is a very simple process, but it can be confusing for beginners. In this guide, we will walk you through the steps of changing candlestick colors in MT4 and show you how to make your charts easier to read.

What is MT4

MT or MetaTrader is a popular electronic trading platform. It was created by the Russian company MetaQuotes Software Corp in 2005. The software is licensed to Forex brokers who provide the platform to their clients. MT has two versions, MT4 and MT5 which are designed for different types of devices.

How to change candlestick color in MT4

If you’re a beginner to trading, or even if you’ve been trading for a while, you may be wondering how to change candlestick color in MT. While the default settings are fine for most people, some like to customize their charts to better suit their needs. Here’s a quick guide on how to change candlestick color in MT.

First, open up your MT platform and go to “Tools.” From there, click on “Options” and then select “Charts.” A new window will pop up and from there, you’ll want to select the “Candlesticks” tab.

Now that you’re in the Candlesticks tab, simply choose the color you want your candlesticks to be. You can also make other changes in this tab, such as changing the width or style of your candlesticks. Once you’re satisfied with your changes, click “OK” and you’re all set!

Changing your candlestick color is a simple way to customize your charts and make them better suit your needs. Give it a try today and see how it can help improve your trading.

Why you would want to do this

There are a few reasons why you might want to change the candlestick color in MT:

-You may want to make it easier to see trends

-The default colors may be difficult for you to see

-You may want to match the colors to another indicator or charting software you are using.

-Or, you simply may prefer other colors!

To change the candlestick color in MT, first right click on the chart. A box will appear with a bunch of options. Near the top, there will be a tab that says “colors”. Click on this.

The different colors available

-Black

-White

-Blue

-Yellow

-Red

-Green

 

Examples of how this could be used in a real life trading situation

If you are looking at a candlestick chart and all of the candlesticks are green, this could be an indication that the market is in an uptrend. Conversely, if all of the candlesticks on the chart are red, this could be an indication that the market is in a downtrend. By changing the color of the candlesticks, you can get a better idea of which direction the market is moving.

To change the color of the candlesticks on your MT$ platform, simply right click on any one of the candlesticks and select “Properties” from the drop-down menu.

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