What do RED and GREEN mean in tick data?

Discussion in 'Forex' started by salamanderforex, Oct 25, 2020.

  1. Overnight

    Overnight

    You asked me where you could find them, and I responded to that. I do not know if there is an add-on for your charting software.
     
    #11     Nov 3, 2020
  2. You did. This was in the back of mind and was my follow up once I found the charts. But I didn't yet as my provider doesn't. So doesn't eSignal. Anyhow, still interested to know because I thought you were pointing me to a specific thing.
     
    #12     Nov 3, 2020
  3. Overnight

    Overnight

    Best thing I can suggest is to Google around for a Renko/Unirenko plugin for your charting software.

    Or start a thread in here and ask!

    https://www.elitetrader.com/et/forums/trading-software.3/
     
    #13     Nov 3, 2020
    salamanderforex likes this.
  4. shine

    shine

    Red candles mean falling price, green candles mean rising price in their ranges.
     
    #14     Nov 8, 2024
  5. Waylen

    Waylen

    Yes, you're correct. In a 2T (2-tick) chart, each candlestick represents two price points. For a green candle, the first tick (left side) is lower than the second tick (right side), meaning price moved up. For a red candle, the first tick is higher than the second, indicating a price move down. Each candlestick is independent and doesn't consider previous ones, so the green/red color reflects the price movement between those two ticks only. The same concept applies to 5-second candlesticks; they just use a different time frame but follow similar rules for price movement and coloring.
     
    #15     Nov 18, 2024