Candlestick charts are the Japanese version of bar charting and have become very popular in recent years among western chartists. The Japanese candlestick records the same four pieces of information as the bar chart – high, low, open & close. A thin line (called the shadow) shows the day’s price range from the high to the low. The wider portion of the candle is called the real body and measures the distance between the open and the close. The real body has a different colour depending on whether the trading interval closed higher or lower than the open. If the close is above the open the colour is pale or green, if the close is lower the colour is dark or red.
technical analysis charting method.
A charting method developed in Japan in the 1700s. The high and low for the time period are described as shadow and plotted as a single line. The price range between the open and the close is plotted as a box or rectangle on the line. If the market closes above the open, the body of the box is white or empty. If the close is below the open, the body of the box or rectangle is black.
A charting method, originally from Japan, in which the high and low are plo...
A chart that indicates the trading ranges for the day as well as the opening and closing price. If the close price is lower than the open price, the rectangle is shaded or filled. If the open price is higher than the close price, the rectangle is not filled.
Candlestick charts are based on a Japanese charting method. Candlestick charts use the same data points as bar charts for each time interval. The difference lies in the way the data is represented. The thick part of the Candlestick line is called the real body. It represents the range between that bar's opening price and closing price. An Up Candlestick occurs when the close is higher than the open; a Down Candlestick occurs when the close is lower than the open. The thin lines above and/or below the real body are the shadows. These shadows represent the bar's price extremes. The peak of the upper shadow is the high of the bar and the bottom of the lower shadow is the low of the bar. The real body is the essential price movement. The shadows are usually considered as extraneous price fluctuations. For additional information see Available Candlestick Formations.
A charting method originally developed in Japan. The high and low are described as shadows and plotted as a single line. The price range between the open and close is plotted as a rectangle on the single line. If the close is above the open, the body of the rectangle is white. If the close of the day is below the open, the body of the rectangle is black.
This is a form of price presentation similar to bar charts which is used to identify localized price patterns that represent market psychology that Japanese originated in the 1600s to analyze the price of rice contracts. As with bar charts, Candlestick charts use an open, high, low and close in which the high and low are plotted as a single vertical line while the range between the open and the close is plotted as a rectangle and is referred to as the body. The lines above and below the body are referred to as "shadows". If the close is above the open, the body is white. If the close is below the open, the body is black.
Identical to a bar chart in the information conveyed, but presented in an entirely different visual context. The candlestick encapsulates the open, high, low and close of the trading period in a single candle.
A charting method, which originated in Japan. The high and low are plotted as a single line, and are called “ shadows.” The price range between the open and the close is plotted as a narrow rectangle, and is referred to as the “ body.” If the close is above the open, the body is “ white.” If the close is below the open, the body is “ black.
These are a type of chart which originated in Japan. (See more information on Candlestick Charts)