It seems to be very simple tool, but try it once and you will never want to go back to default bar coloring! It will color in blue or red these candles, after which you can expect a continuation of a rally or a decline and will color in gray those after which the probability of movement continuation is low.
It focuses on short-term trends, which allows to combine it with other mid-term indicators like Advantage Trailing Lines to develop a coherent trend following strategy.Īdvantage Colors will help you to find strong candles on your charts so you can be more confident trading signals generated by other tools. However, it does so in real-time, coloring the current bar without any lag, so the signals are not delayed. Like Heikin-Ashi charts, it colors the bars to indicate the dominant trend. Advantage Trend Colors is a new dimension in trend analysis designed to find strong signals and robust price movements.
