Candle and BG Trend Identifier

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This indicator simply changes the background and color of candle based on the previous candle's close. If a candle closes high than the previous candle's high it will be indicated via green coloring. If a candle closes lower than the previous candle's low it will be indicated in red coloring. Additionally, grey colored candles appear when neither occur - often signifying consolidation.

These candles can be used to identify previous small lasting and long ranging trends. Areas that are heavily saturated with one specific color will likely indicate a trend.

If you are not able to see the colored candles, disable your main candle overlay in the top left by clicking on the eye icon.