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Chart display views

Price movement can be represented as a line. Area and linear charts let you disposal for this. With most of the time Japanese candlesticks are used for viewing charts and analysis of today’s market situation. Candlesticks contain information on price changes for particular period of time and consists of the body and the wick. The body’s border displays the opening and closing price while the upper and the lower borders of the wick shows the price maximum and minimum. If the price of an asset increases than a candlestick turns green.

If the price decreases then a candlestick turns red. The 5 minute candlestick contains information about price changing during this given period. You may also imagine it as five 1 minute periods which contain the same data, but on a different scale.

Bars are designed on the same principal. They are made of vertical lines and two short perpendicular ones. Left and right perpendicular lines show opening and closing prices and vertical lines show the price minimum and maximum. Japanese candlesticks are popular among professional traders. The value of a candlestick chart is in its bald ease of use and in depth of information. With them traders gain not only an image, but a full fledged fundamental analytical instrument, without which most indicators are not possible.

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