candlestick chart

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Candlestick chart

A popular method of charting price fluctuations that displays an asset's opening, closing, high, and low prices for the period.  Points on a candlestick chart are represented as a box, called the real body, with a vertical line on both the top and bottom.  White-bodied boxes represent upward movement in the price of the asset: the bottom of the body is the opening price and the top of the body is the closing price.  Black-bodied boxes represent downward movement in the price of the asset: the bottom of the body is the closing price and the top of the body is the opening price.  In both cases, the top vertical line shows the high price for the period, and the bottom vertical line shows the low price for the period. See: Real body.

Candlestick Chart

A chart of a stock's performance over a given period of time where each trading day is represented by a drawing of what looks like a candle. The candle has wicks (called shadows) coming out of each end representing the high and low prices for each trading day. The candles are colored white a days where the price increases and black on days it decreases. For white candles, the bottom of the candle represents the opening price and the top is the closing price. It is the opposite for black candles. Candlestick charts are very important in technical analysis.

candlestick chart

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A variation of a bar chart in which the open and close prices are represented as the top and bottom of a rectangle surrounding a vertical line connecting the high and low prices. The appearance is of a barrel around a fence post. The body of the rectangle is filled if the closing price is lower than the opening price and blank if the closing price is higher than the opening price. Compare bar chart, line chart.
References in periodicals archive ?
Professionals are actually paid for the fun of trading using visual cues like moving average oscillators, Fibonacci numbers, and Japanese candlestick patterns.
com), is one of the foremost technical analysts in the world and is known as the "father of Candlesticks" for introducing Japanese Candlestick charting to Westerners.
Synergetic Technical Analysis combines Japanese candlestick patterns (a charting method tested and refined over centuries in the East) with Western technical tools including classic chart patterns, exponential moving averages, the MACD (moving average convergence/divergence), and other technical indicators.
Greg published a book on Japanese candlestick analysis called CandlePower (Probus Publishing, 1992), now available in paperback as Candlestick Charting Explained (http://www.
For the more experienced traders, there are also explanatory sessions that delve into "Trading the Alligator", Japanese Candlesticks and Risk Management.
Analysis of Japanese candlesticks supports a conclusion that the downtrend was completed and followed by an ascending impulse.
Key features of Deltastock MetaTrader 4 Mobile include: trdaing 80 currency pairs, Gold and Silver; real-time quotes of financial instruments; full set of trade orders; trade directly from the chart; support of all types of execution modes; complete trading history; real-time interactive charts with zoom and scroll; 30 technical indicators; 7 timeframes: M1, M5, M15, M30, H1, H4 and D1; 3 chart types: Bars, Japanese Candlesticks, and Line.

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