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Candlestick Colors for a Neutral Trading Mindset (Updated)

Customizing candlestick colors for better visualization, analysis, and trading decision-making. Including my favorite charting tools.
Candlestick Colors for a Neutral Trading Mindset Candlestick Colors for a Neutral Trading Mindset

My Rules and Note: To keep my TradingView and other broker charts simple and clean, I will follow this guide, using the same colors and tools everywhere.

  • I should use FVG carefully because its psychological colors can be distracting. However, it is acceptable due to the limited color options available for my neutral trading.
  • I will not add anything extra to the charts unless absolutely necessary. I will stick to these chart settings for life.
  • For viewing much clear zones while using Rectangle tool, manually hide the middle line when it is not required. (Very Important.)

Choosing the best combination of colors for candlesticks.

I will go with the Arjoio Chart Colors for keeping charts simple and cleaner.

Background Color:

  • Background: Solid
  • Background Color: ffffff

Candlestick Colors:

  • Bullish Candle: d0d4dc
  • Bearish Candle: 678797
  • Borders: 535e6b
  • Wick: 0d383a
  • Opacity: 100%

Colors and Settings for Favorite Tools.

I will use only these candlestick colors and favorite tool settings in all my brokers web and mobile app.

Rectangle (OB~OrderBlock):

  • Border: Opacity 0%
  • Middle-Line: 0d383a, Opacity 50%, Thickness 1, Line style 2
  • Background: 0888b9, Opacity 10%

Rectangle (Demand Zone):

  • Border: Opacity 0%
  • Middle-Line: 0d383a, Opacity 50%, Thickness 1, Line style 2
  • Background: 678797, Opacity 10%

Rectangle (Supply Zone):

  • Border: Opacity 0%
  • Middle-Line: 0d383a, Opacity 50%, Thickness 1, Line style 2
  • Background: 678797, Opacity 25%

Fair Value Gap (FVG):

Use bullish FVG and bearish FVG carefully because they have psychological colors.

  • Bullish FVG Settings:
  • Border: Opacity 0%
  • Middle-Line: 0d383a, Opacity 50%, Thickness 1, Line style 2
  • Background: 2962ff, Opacity 5%
  • Bearish FVG Settings:
  • Border: Opacity 0%
  • Middle-Line: 0d383a, Opacity 50%, Thickness 1, Line style 2
  • Background: 9c27b0, Opacity 5%

Long/Short Position:

Apply for both Long and Short position separately.

  • Lines: 678797, Opacity 100%
  • Stop Color: 678797, Opacity 25%
  • Target Color: 678797, Opacity 10%
  • Text: ffffff, Size 12

Trend Line:

  • Line: 0d383a, Opacity 75%
    • Thickness: 1
    • Line style: 1

Path Tool:

  • Line: 0d383a, Opacity 75%
    • Thickness: 1
    • Line style: 1

Horizontal Line and Horizontal Ray:

While using Horizontal Line and Horizontal Ray, labelling text is compulsory.

  • Line: 0d383a, Opacity 75%
    • Thickness: 2
    • Line style: 3
  • Text: 0d383a, Size 12, Opacity 100%
    • Text alignment: middle ~ center

Vertical Line:

  • Line: 0d383a, Opacity 50%
    • Thickness: 2
    • Line style: 3
  • Text: 0d383a, Size 12, Opacity 100%
    • Text alignment: bottom ~ left
    • Text orientation: vertical

Parallel Channel:

While using Parallel Channel, labelling text is compulsory.

  • Style line 0 and 1: 0d383a, Opacity 50%
    • Thickness: 1
    • Line style: 1
  • Style line 0.5: 0d383a, Opacity 75%
    • Thickness: 1
    • Line style: 3
  • Background: 678797, Opacity 5%
  • Text: 0d383a, Size 12, Opacity 100%
    • Text alignment: top ~ left

Regression Trend:

  • Style Base: 678797, Opacity 5%
    • Thickness: 1
    • Line style: 3
  • Style Up: 678797, Opacity 5%
    • Thickness: 1
    • Line style: 1
  • Style Down: 678797, Opacity 5%
    • Thickness: 1
    • Line style: 1

Fib Retracement (Main Fib):

  • Untick Trend line, Background, Prices, Levels.
  • Levels line: 1 ~ 2 (Dashed line)
  • All Colors: 0d383a, Opacity 100%
  • Text: right ~ middle, Size 12
  • Use this text: 0, 0.2, 0.3, 0.5, 0.6, 0.7, 1, 1.6, 2.6, 3.6, 4.2

Fib Retracement (RR Fib):

  • Untick Trend line, Background, Prices, Levels.
  • Levels line: 1 ~ 2 (Dashed line)
  • All Colors: 0d383a, Opacity 100%
  • Use this values for equal length: 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23
  • Text: center ~ middle, Size 12
  • Use this text in display: StopLoss, Entry, TP1, TP2, TP3, TP4, TP5, TP6, TP7, TP8, TP9, TP10, TP11, TP12, TP13, TP14, TP15, TP16, TP17, TP18, TP19, TP20, TP21, TP22

Head and Shoulders:

  • Label: ffffff, Size 12
  • Border: 0d383a, Opacity 75%
    • Thickness: 1
  • Background: 678797, Opacity 5%

Ellipse:

  • Border: 0d383a, Opacity 75%
    • Thickness: 1
  • Background: 678797, Opacity 5%
  • Text: 0d383a, Size 14

Text:

  • Text color: 0d383a, Size 16, Opacity 100%
  • Border: 0d383a, Opacity 25%

Price Note:

While using Price Note, labelling text is compulsory.

  • Style:
    • Label text: ffffff, Size 12, Opacity 100%
    • Label background: 0d383a, Opacity 75%
    • Label border: 0d383a, Opacity 75%
    • Label color: 0d383a, Opacity 75%
  • Text: 0d383a, Size 14, Opacity 100%
    • Text alignment: top ~ center

Organizing My Favorite Charting Tools.

  1. Rectangle
  2. Path
  3. Trendline
  4. Horizontal Line
  5. Horizontal Ray
  6. Vertical Line
  7. Fib Retracement
  8. Long Position
  9. Short Position
  10. Text
  11. Price Note
  12. Ellipse
  13. Head and Shoulder

Time Frames.

1m, 3m, 5m, 15m, 30m, 1hr, 2hr, 4hr, D, W, M.

Chart Types.

Candlestick, Line, Heikin Ashi, Renko.

Additional Chart Settings.

  1. Settings > Symbol > Time zone > UTC+1 London.
  2. Settings > Status line > Untick Bar change values.
  3. Settings > Scales and lines > Untick Plus button.
  4. Settings > Canvas > Crosshair color: 535e6b, Opacity 100%, Thickness 1, Line style 3.
  5. Settings > Trading > Untick Buy/Sell buttons.

Closing Comment.

This candlestick coloring guide includes all the settings for my trading chart. I should take the time to apply the same settings to all the other broker platforms I use.

I will not add any extra garbage to charts and this is enough (very strict). Feeling Good Now.


Updating and Tweaks (Done on 16th May 2025)

Rectangles: Supply and Demand

Middle line: Opacity 100%, Thickness 2, Line style 3.

Rectangles: Order Block

  • Middle line: Opacity 100%
  • Text: 000000, Size 14, Text Name: OB
  • Text Alignment: inside, center.

Path Tool:

Opacity 100%.

Horizontal Line:

Opacity 100%.

Vertical Line:

Opacity 75%.

Fib Retracement (Premium-Discount Tool): New Addon

  • Untick Trend line, Prices, Levels, Text.
  • Levels line: 1 ~ 1
  • Settings: (0 – 0d383a, Opacity 100%) (0.5 – 6287e3, Opacity 100%) (1 – 0d383a, Opacity 100%)
  • Background: Normal Default.

Trend Line: Modifications

D Strong:

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

D Weak

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

4H Strong

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

4H Weak

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

15min Strong

  • Line: 0d383a, Opacity 75%, Thickness 2, Line style 3
  • Text: 000000, Size 12
  • Text alignment: middle, center.

15min Weak

  • Line: 0d383a, Opacity 75%, Thickness 2, Line style 3
  • Text: 000000, Size 12
  • Text alignment: middle, center.

Bullish BOS

  • Line: 020808, Opacity 100%, Thickness 2, Line style 3
  • Text: 000000, Size 12
  • Text alignment: top, center.

Bearish BOS

  • Line: 020808, Opacity 100%, Thickness 2, Line style 3
  • Text: 000000, Size 12
  • Text alignment: bottom, center.

Market Shift

  • Line: 020808, Opacity 100%, Thickness 2, Line style 3
  • Text: 000000, Size 12
  • Text alignment: middle, center.

Liquidity

  • Line: 0d383a, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

Internal Bullish (i-BOS)

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: top, center.

Internal Bearish (i-BOS)

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: bottom, center.

Internal Market Shift (i-MS)

  • Line: 020808, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

Trendline

  • Line: 0d383a, Opacity 100%, Thickness 1, Line style 1
  • Text: 000000, Size 12
  • Text alignment: middle, center.

Extra update: Remove the centre line in all the rectangle for better clarity.

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