My Style / My Theme | Charting Key or index
Hi everyone, I have been compelled to publish an educational idea on my style/theme, especially considering I just had to delete all my saved drawings and drawing tools because Microsoft, Google, or Trading View saved a corrupt version of the files. Now that I am recreating all of my lost data I am publishing this guide to help myself if I need to do the same process over again in the future and to help the Trading community.
Basically I like to keep my charts in focus and to the numbers. I don't like to use a lot of vivid and expressive colors because of the emotional connections it can create along with it, and I also like to establish my own grid. Often times my trade ideas will resemble a piece of graph paper. I like to have the information available, and I like to track price action. These are the basic qualities that my theme and style encompass using the ancient style of White bullish candles and Black bearish candles with the volume graph reflected as bullish light grey and bearish dark grey volume bars.
I use for the most part only five colors and variations of dotted, dashed, solid, thick and transparent lines. The five main colors I use are light grey, blue, light blue, black, and light orange. All these colors are to call focus and attention to the most relevant and important information, and to allow underlying information to remain in the background still available to be focused in on by looking closer.
Most often my grid and any underlying information is drawn in grey. Chart Patterns, Trendlines, and other notable lines are drawn using blue. Confluence, pivot points, support, or resistance are drawn in light blue. Signal's in light orange. And other various lines like divergence, entries, exits, and stops are drawn in black.
Above I will draw in various lines and label them for reference. I will also display below an example of using these combinations to include a lot of data on the chart, create focus to the most relevant information, and still allow price action to be displayed clearly so that the most important information on the chart (the candlesticks and volume) are not being covered up, lured away from my attention, and still functional. Thank You, God Bless.
Basically I like to keep my charts in focus and to the numbers. I don't like to use a lot of vivid and expressive colors because of the emotional connections it can create along with it, and I also like to establish my own grid. Often times my trade ideas will resemble a piece of graph paper. I like to have the information available, and I like to track price action. These are the basic qualities that my theme and style encompass using the ancient style of White bullish candles and Black bearish candles with the volume graph reflected as bullish light grey and bearish dark grey volume bars.
I use for the most part only five colors and variations of dotted, dashed, solid, thick and transparent lines. The five main colors I use are light grey, blue, light blue, black, and light orange. All these colors are to call focus and attention to the most relevant and important information, and to allow underlying information to remain in the background still available to be focused in on by looking closer.
Most often my grid and any underlying information is drawn in grey. Chart Patterns, Trendlines, and other notable lines are drawn using blue. Confluence, pivot points, support, or resistance are drawn in light blue. Signal's in light orange. And other various lines like divergence, entries, exits, and stops are drawn in black.
Above I will draw in various lines and label them for reference. I will also display below an example of using these combinations to include a lot of data on the chart, create focus to the most relevant information, and still allow price action to be displayed clearly so that the most important information on the chart (the candlesticks and volume) are not being covered up, lured away from my attention, and still functional. Thank You, God Bless.
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