SimpleAlgo
  • 👋Welcome to SimpleAlgo
    • 📺SimpleAlgo Video Tutorial
    • Setup SimpleAlgo on TradingView
    • Frequently Asked Questions
  • 🚀SimpleAlgo Features
    • BUY & SELL Signals
      • Setting up Alerts
    • Trend Trail
    • Reversal Bands
    • Trend Ribbon
    • Auto Support & Resistance
    • Trend Energy
    • Auto Risk Management
    • Trending Candles
    • Trend Dashboard
    • Exponential Moving Averages
    • Swing Points
    • Previous Days High, Low & Close
  • 📈Best Settings
    • Scalping
    • Day Trading
    • Swing Trading
  • 📊SimpleAlgo Premium Oscillator
    • Hyper Wave
    • Smart Money Flow
    • Confluence
  • 📶SimpleAlgo Premium Screener
    • Screener Tutorial
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  1. SimpleAlgo Features

Trending Candles

PreviousAuto Risk ManagementNextTrend Dashboard

Last updated 1 year ago

The Trending Candles feature on SimpleAlgo is the perfect tool for beginner traders. It is the most simplified way to view charts. A change in the candle color means a change in the trend. If the market is in an uptrend the candles will be green. If the market is in a down trend the candles will be red. If the market is neutral/sideways the candles will turn purple. You can use this feature to help you get in and out of trades and as confirmation. For example, if a candle turns green it may be an indication that the market is about to have a strong up trend.

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