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Understanding Bar charts — TradingView The first section, "Bars," lists settings specific to this chart type: Color bars based on previous close: With this setting on, the color of each bar will be determined by whether its close price is higher (green) or lower (red) than the close price of the previous bar, rather than by the bar's own open and close prices HLC bars: This option disables the open price "foot," so only high, low