When you use too many colors, your eyes will adjust your eyes to match the full spectrum of colors. Color is also related to energy, for example, if you use hotter colors such as red, orange, and yellow, your eyes will be more excited than blue or purple. At the same time, too many colors excite you too (as the picture above shows the effects of color on the human mind).


A small test to compare 2 charts with each other:

The first is a classic red-green 2-color chart.


Delete all the colors and use a black and white chart


Take a look at the 2 charts above at a time, observe each chart for 1-2 minutes, and look at the other chart to see the difference. How do you feel about the colors of each chart?

Are you feeling a bit more nervous or stressed when looking at the red chart above?

You see, the color directly affects a Trader's focus. When you use neutral colors like black and white, charts have less of an impact on your psychology.

How do change colors on the chart?

How to change the color chart with the 2 most popular trading platforms today are Metatrader and Tradingview.

Metatrader4


Notice that the colors in the Foreground and Grid have been darkened by me. This is quite important, the foreground areas are where the price chart frame appears. If you let it stand out, it will make you feel distracted.

Tradingview


Right-click and then click Properties. Then adjust the color as shown above.

You can customize the colors as you like. You can change the background color to be brighter but not necessarily black, or you can use lighter-colored candles. Here is a small hint to show you the importance of black and white on your trading chart.

At the same time, delete unnecessary quotes on the screen or the flash that often hits your eyes. These factors are small but also make it easy to lose focus.

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