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Red and Green Candles Rate this Topic:
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Posted : Friday, October 7, 2005 12:19:57 AM
Registered User
Joined: 11/19/2004
Posts: 7
I am confused about TC2005 candles. I've always associated a days candle as red if the period (5 min, 60 min, daily)Open was greater than the Close for that time period. A green candle has a higher Close than Open for the respective period. Does TC2005 use a different scheme? I'm getting red and green candles in formulas when I only expect one of them.
Posted : Friday, October 7, 2005 8:02:24 AM

Worden Trainer

Joined: 10/1/2004
Posts: 18,819
If you right click on the word PRICE CHART in the upper left corner of the chart and click edit you will see the option PLOT DOWN DAYS A DIFFERENT COLOR.

If you check this a down day will be the color chosen

A down day is defined as the close is lower than the previous close.

Close vs. Open is shown in TeleChart candles as hollow vs. solid candles. The color coding is Close vs. Previous Close.

- Craig
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