Changing candlestick and chart colors in MetaTrader 4 is very easy and in this guide you will find out how.
One of the first things traders notice when they start to work with MetaTrader is the color scheme. It rarely suits everyone's taste and it is one of the first things traders change. You might want to change the MT4 default colors as well.
The MT4 default color scheme is the color configuration of candles and charts that comes with your MetaTrader client.
The default MT4 chart colors depend on the installation client, but you can change it to your preferred one with some simple steps.
On the screenshot, you can see the default colors which are most common in MT4 installations:
MT4 default chart colors include:
It is important to remember that colors are a part of MT4 templates. You can change the default color scheme that is applied when you open a new chart in MT4.
To change default colors for chart and candles in MT4:
To change the colors you need to right-click the chart and select Properties.
Some traders prefer to work with colored candlesticks on a white background, so they start with a Black On White scheme.
After that, the colors of the bars and wicks can be tweaked.
You can then change the chart to candlestick, adjust the zoom, and get the following result:
To change candlestick colors in MetaTrader 4, you need to update the template and chart colors as shown in the process above.
It is important to remember the difference between a color scheme and a template. In MetaTrader, a template is a group of configuration options applied to the chart. So, we can say that a template includes:
So, in other words, you can see that a color scheme is just one of the parts of a template.
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