On a 15 min color bar chart (also volume bars at the bottom of the chart) sometimes if the open price is greater than close price it produces a green bar and vice versa. But shouldn’t this be like a candle chart. In a candle chart it is green if close > open of candle and Red if Close<open
Like you said, in a candle stick chart color of a candle is green if Close>open of a candle and red if Close<open.
Colored bar chart and volume candles don’t work on the same logic to determine its color on Kite charts. If the close of the current candle > close of previous candle is it is green and Close of current candle < close of previous candle it is red.
Most of the times the candle stick chart color will match to colored bar or volume bar color. But once in a while it doesn’t. Check the chart below. Since Close < open, if it was a candle, it would be red. But since close > close of previous candle, both the volume candle at the bottom is green in color. (Same would be the logic for a colored bar chart).
Yes, but that’s not a healthy way to analyze with chart.
I bought NitinSpinners at the gap-up candle, but kite bar chart will show it green even when there is selloff.
Creating confusion is not the aim of chart. (TradingView bar chart are normal not like Kite)
I kept holding thinking its green so buyer confidence but when I switch to
Candle chart there is big red bar and that’s what chart suppose to show at one glance.
Does displaying colour on the Volume studies Chart solve any purpose if we are missing anything?
It indicates the trend as compared to the previous candle. Whereas the price candle has no co-relation with the previous candle.