Candle Dots & Trend Coloring
EZ Trend Candle Dots: Toggle to enable/disable dots
Colors: Customize colors for bullish and bearish dots
⚙️ Settings
Candle Dots provide additional confirmation of trend direction directly on price candles.
Candle Dots 🟢🔴
🔍 How to Interpret Candle Dots
Green Dot (below candle): Indicates strong bullish momentum
Red Dot (above candle): Indicates strong bearish momentum
No Dot: Potential reversal or transition phase
🧠 Practical Usage
Use dots as entry triggers when they align with the EZ Trend line
Green dots + green trend line = stronger bullish signal
Red dots + red trend line = stronger bearish signal
The first appearance of a dot often marks the beginning of a new trend
Absence of dots after a series can signal potential trend exhaustion
🖍️ Color Bars
EZ Trend can color chart candles based on trend conditions for enhanced visualization.
🔍 How to Interpret:
🟩 Green Candles: Strong uptrend with multiple confirmations 🟥 Red Candles: Strong downtrend with multiple confirmations 🟪 Purple Candles: Potential reversal or trend change occurring
🛠️ Practical Usage:
Use colored candles to quickly identify overall market structure
A series of same-colored candles indicates a strong trend
Mixed colors or frequent changes suggest uncertainty
✅ For best results, disable candle borders in your TradingView chart settings
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