Japanese candlestick

Japanese candlestick

Refers to person, place, thing, quality, etc. Silver candlesticks were set in a row down the middle japanese candlestick the long table. Report an error or suggest an improvement. See Google Translate’s machine translation of ‘candlestick’.

This article needs additional citations for verification. Scheme of a single candlestick chart. The Low and High caps are usually not present but may be added to ease reading. Each “candlestick” typically shows one day, thus a one-month chart may show the 20 trading days as 20 “candlesticks”.

It is like a combination of line-chart and a bar-chart: each bar represents all four important pieces of information for that day: The open, the close, the high and the low. Candlestick charts are most often used in technical analysis of equity and currency price patterns. They are visually similar to box plots, though box plots show different information. Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader of financial instruments.

In Beyond Candlesticks, Nison says, “However, based on my research, it is unlikely that Homma used candle charts. The area between the open and the close is called the real body, price excursions above and below the real body are shadows. The wick illustrates the highest and lowest traded prices of a security during the time interval represented. The body illustrates the opening and closing trades. If the security closed higher than it opened, the body is hollow or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the security closed lower than it opened, the body is solid or filled, with the opening price at the top and the closing price at the bottom. In trading, the trend of the candlestick chart is critical and often shown with colors.

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