Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Sparrow

Changing look of charts confusing

Does changing the look of your chart affect you.  

7 members have voted

  1. 1. Does changing the look of your chart affect you.

    • Yes
      7
    • No
      0
    • Don't bother to mess with my settings
      0


Recommended Posts

Hi,

 

I browsed for some threads and had a look a couple of attached charts.

Looking at candle stick chart with white and blue candles, i was amazed by the clean look of it. So i changed the setup of my charts to resemble the ones i had seen.

 

The result was that i totally couldn't make sense of the charts anymore:confused:. I'm used to green/red candles and it amazes me that my brain had a hard time recognizing the patterns with different colors. As a consequence i reverted to the old setup.

 

It's just a funny observation.

Share this post


Link to post
Share on other sites

mojo - I agree 100%. Changing the look and feel of your charts can affect your decision making easily. If nothing else, your brain is trying to decipher the new look and for some (myself included) that can cause disruptions. My candle charts are blue and red candles. Why? Well, blue is my fave color and red is standard bearish candles. Red and blue work well together in my opinion. I've had it that way since I can remember. Going back to green and red would just be 'weird' to me.

 

I'll add this as well - in addition to the coloring of your charts, the size of the candles, the length of the X and Y axis, etc. can also produce different pictures for me, even though it's the same info! I've actually found that having large monitors can HURT my view and trading b/c everything looks so exaggerated. And then when I see that it's just a 3 tick candle, things change.

 

This is actually important, esp for newbies to trading, to understand. How your charts look and are setup can impact your trading, whether you are conscious of this or not.

 

Here's a quick example:

 

ES CHART #1 (15 MIN CHART)

attachment.php?attachmentid=2741&stc=1&d=1189279226

 

 

ES CHART #2 (SAME 15 MIN CHART)

attachment.php?attachmentid=2742&stc=1&d=1189279077

 

 

Believe it or not, those are IDENTICAL charts, just different Y axis.

5aa70dfdc763b_tles1.png.0e907ebf4d987bb154f04507679bf8cf.png

5aa70dfdcc9a9_tles2.png.fe531ea374515ea99d60e849212eb629.png

Share this post


Link to post
Share on other sites

Thanks for pointing that out brownsfan, i haven't thought of that myself but it totally makes sense to me.

 

I'd like to add that imho the size of the widest candles should be the same on every time frame. Same goes for other instruments.

 

It's only a theory, but i guess traders are probably adjusting their charts in that way subconciously.

Share this post


Link to post
Share on other sites

I like light blue and red on a black background, it just works with my eyes the best and I see things better. Thats just me, not everyone.

 

When we had a ton of volatility I increased the size of my Y axis to better scalp breakouts. It did exaggerate things, but I found more small breakouts that way, now if I use the same size I get screwed up every time.

Share this post


Link to post
Share on other sites
I like light blue and red on a black background, it just works with my eyes the best and I see things better. Thats just me, not everyone.

 

When we had a ton of volatility I increased the size of my Y axis to better scalp breakouts. It did exaggerate things, but I found more small breakouts that way, now if I use the same size I get screwed up every time.

 

One note James (and I realize you are younger) - a dark background will create more stress on your eyes over time. I liked the look of the black background as well, but quickly found out from the eye doc that's not such a good idea. The dark background forces your eyes to focus more and creates unnecessary strain. And that extra focus is not a good thing. That does not equate to being more focused on your trades, it just creates more stress on your eyes to watch your charts. I don't use white, just a very faint/light blue.

 

I wasn't convinced at first, but after reading up on it, it makes sense - just about everything you read (magazines, books, websites, etc.) all have a white or light background. It's easier on the eyes and your eyes have been trained to be able to read easily with that background. Now, when an advertiser wants to attract your eyes, they can do so w/ a dark background b/c it forces your eyes to pause and focus on the object.

 

Just an FYI.

Share this post


Link to post
Share on other sites

That's interesting that black would cause more strain, even if I have very bright colors? I have always had excellent eyes and for some reason white always makes it difficult for me to see.

 

I should play around with some different background colors and see if I can get used to anything.

Share this post


Link to post
Share on other sites
That's interesting that black would cause more strain, even if I have very bright colors? I have always had excellent eyes and for some reason white always makes it difficult for me to see.

 

I should play around with some different background colors and see if I can get used to anything.

 

The black background forces your eyes to focus on the other colors, regardless if bright or not. It's just the way our eyes operate and it's how we've trained them - for many years, you've trained them to look for a light/white background and black text.

 

Same theory holds for the charts that you stare at for many hours each day.

Share this post


Link to post
Share on other sites
One note James (and I realize you are younger) - a dark background will create more stress on your eyes over time. I liked the look of the black background as well, but quickly found out from the eye doc that's not such a good idea. The dark background forces your eyes to focus more and creates unnecessary strain. And that extra focus is not a good thing. That does not equate to being more focused on your trades, it just creates more stress on your eyes to watch your charts. I don't use white, just a very faint/light blue.

 

I wasn't convinced at first, but after reading up on it, it makes sense - just about everything you read (magazines, books, websites, etc.) all have a white or light background. It's easier on the eyes and your eyes have been trained to be able to read easily with that background. Now, when an advertiser wants to attract your eyes, they can do so w/ a dark background b/c it forces your eyes to pause and focus on the object.

 

Just an FYI.

 

That's an interesting concept. I had always heard it was a bad idea, but never gave it much thought....It's never bothered me, but then again, I'm only 25...maybe I should look into a different format...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.