| Candlestick | |
|
|
A Candlestick chart displays the body of the "candle" as a filled
rectangle. The top of the rectangle is the highest of the open
and the close. The bottom of the rectangle is the lowest of the
open and the close. An "up day" is when the close is above the
open and a "down day" is when the close is below the open.
Traditionally "up days" are drawn as an open rectangle and "down
days" are filled with black. However tradition in electronic
color display is to show an "up day" as a green rectangle and a
"down day" as a red rectangle. The "wicks" of the "candle" are
lines from the lowest of the open and the close to the low and
the highest of the open and the close to the high.
This is a very
popular way of looking at the market in Japan and the rest of
Asia. Candlestick charts are available in the Custom Chars
section of our site.