What are candlesticks?
The best way to explain is by using a picture:
Candlesticks are formed by using the open, high, low and close (OHLC).
The best way to explain is by using a picture:
Candlesticks are formed by using the open, high, low and close (OHLC).- If the close is above the open, then a hollow candlestick (displayed as white) is drawn.
- If the close is below the open, then a filled candlestick (displayed as black) is drawn.
- The hollow or filled section of the candlestick is called the "real body" or body.
- The thin lines poking above and below the body display the high/low range and are called shadows.
- The top of the upper shadow is the "high".
- The bottom of the lower shadow is the "low".
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