Spice Algo Definitions

Description of different signals, and color patterns. It is important to know that you may change the color patterns to your liking in the algorithm settings -> Style.

Buy or Sell Signals

BUY = Go long, or purchase in belief that the price of the security will go up.

SELL = Go short, or purchase in belief that the price action will go down.

Candle colors

This candle represents a green candle (bullish) WITHIN a BUY signals trend.

This candle represents a red candle (bearish) WITHIN a SELL signals trend.

This candle represents a green (bullish) reversal candle. Orange candles represent a sign of reversal action.

This candle represents a red (bearish) reversal candle. Orange candles represent a sign of reversal in price action.

This candle represents a red (bearish) candle WITHIN a BUY signals trend.

This candle represents a green (bullish) candle WITHIN a SELL signals trend.