Saturday, September 11, 2010
A candlestick chart is a style of bar-chart used primarily to describe price movements of an equity over time.
It is a combination of a line-chart and a bar-chart, in that each bar represents the range of price movement over a given time interval. It is most often used in technical analysis of equity and currency price patterns. They appear superficially similar to error bars, but are unrelated.
Candlestick charts are said to have been developed in the 18th century by a legendary Japanese rice trader. The charts gave the traders an overview of open, high, low, and close market prices over a certain period.
Understanding Candlestick Charts
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