Linear charts
You can represent price movement as a line. Many times, Japanese Candlesticks are used to view charts and for the market situation analysis.
Japanese candlesticks
Candlesticks consist of the body and the wick and for a particular period, it contains information on price changes.
You can see the opening and closing price at the body’s border and for the minimum and maximum price, you can find it at the upper and lower borders of the wick.
You will be notified whenever the price of an asset varies. candlestick will turn green when the price increase and it will turn red when the asset price decrease.
Bar chart
Bars are also created on the same principle as candlesticks. Bars are made of perpendicular and vertical lines where perpendicular shows opening and closing, and vertical lines show the minimum and maximum price.
Why candlesticks are the most popular?
Professional traders are very fond of Japanese Candlesticks. candlesticks hold very depth information with them. It helps traders to get a full-fledged fundamental analytical instrument without which many indicators are not possible.
We wish you a pleasant trading experience.
You might also want to read
Top 5 Trending
Forget Tiffany’s—there’s a diamond that traders treasure even more. Diamond chart patterns may not sit on a ring, but they… [Read More]
The Psychological Line (PSY) Indicator is a versatile, oscillator-type trading tool that compares the number of periods with positive price… [Read More]
Have you ever felt like your trading approach could benefit from a little extra energy? That’s where the Relative Vigor… [Read More]
Can’t wait for the markets to reopen on Monday? Whether your weekdays are packed or you want to trade on… [Read More]
In the high-stakes world of binary options trading, having the right indicators on hand can be the difference between a… [Read More]
