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Is there a universal color scheme for indicators?
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Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995
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When using different colors for indicators, prices, averages, etc., if there any univeral standard to follow? Say, price up = green, down = red? For moving averages, xx color = fast; xx color = slow? What about line thickness on moving averages? Fat = slow, thin = fast (that's natural order... in people!). I realize that this may be a matter of preference, but that got me to thinking that there still might be some expectation...
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT
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I use the Lime green for my long positions in the Highlight section of the expert, and red for the short Positions in the highlight section, and a greyish blue for neutral positions.
red and green arrows for the symbols for entry positions.
royal blue exit signs for stops placed above the price for long exit and below the price for short exits.
For indicators ploted in their own window,
I use a green line for the faster line, red for the slower line,
Purple for extreme zones or thresholds
Moving averages, I use green for the fastest, red for the slower, blue for the slowest line
For stops, I use a purple dot with the third thickness setting
I use a white background with grey lines in all of the windows
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Is there a universal color scheme for indicators?
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