Hollow Candlestick Chart: Difference between revisions
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A Hollow Candlestick | [[File:CS_HCandlestick.png|thumb]] | ||
Hollow candles are a useful tool to monitor and analyze price movements.<br> | |||
A Hollow Candlestick chart plots data series using a sequence of candlestick figures. A single candlestick consists of a body and a wick (also known as shadow or tail). The entire length of the candlestick represents the distance from the high to the low. | |||
The body represents the distance between the open price and the close price. | The body represents the distance between the open price and the close price. | ||
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The body of a candlestick can be either hollow or solid. | The body of a candlestick can be either hollow or solid. | ||
{| | {| class="wikitable" | ||
|'''Hollow'''||A candlestick with a hollow body is called a bullish candlestick. The close is higher than the open. | |'''Hollow'''||A candlestick with a hollow body is called a bullish candlestick. The close is higher than the open. | ||
|- | |- | ||
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Additionally, a candlestick can be one of three colors. | Additionally, a candlestick can be one of three colors. | ||
{| | {| class="wikitable" | ||
|'''Green (Up)'''||The close of the current candlestick is higher than the close of the previous candlestick. | |'''Green (Up)'''||The close of the current candlestick is higher than the close of the previous candlestick. | ||
|- | |- | ||
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|'''Red (Down)'''||The close of the current candlestick is lower than the close of the previous candlestick. | |'''Red (Down)'''||The close of the current candlestick is lower than the close of the previous candlestick. | ||
|} | |} | ||
<br><div style="background-color: #E5F6FF;">'''Tip:''' These are the default colors. <br>To change the colors, | |||
<br><div style="background-color: #E5F6FF;">Tip: These are the default colors. <br>To change the colors, | |||
# Double-click on the data series in the chart. | # Double-click on the data series in the chart. | ||
# Select the '''Style''' tab. | # Select the '''Style''' tab. | ||
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<br> | <br> | ||
== | == Selecting Hollow Candlestick Chart Type == | ||
Selecting Hollow Candlestick Chart Type == | |||
Chart type can be selected from the '''Format | Chart type can be selected from the '''Format Instruments''' window: | ||
# Open the '''Format | # Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span> | ||
# Select the '''Style''' tab. | # Select the '''Style''' tab. | ||
# In the '''Chart Type''' list box select '''Hollow Candlestick'''. | # In the '''Chart Type''' list box select '''Hollow Candlestick'''. | ||
Hollow Candlestick Chart Type can also be selected if you click the '''Hollow Candlestick Chart''' [[File:Hollow_Candlestick_Chart_(new).png]] icon on the '''Chart Analysis''' toolbar. | |||
<br> | |||
== Selecting Hollow Candlestick Chart Style == | == Selecting Hollow Candlestick Chart Style == | ||
Chart style can be set from the '''Format | Chart style can be set from the '''Format Instruments''' window: | ||
# Open the '''Format | # Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span> | ||
# Select the '''Style''' tab. | # Select the '''Style''' tab. | ||
# In the '''Chart Style''' section click on the component element to be changed. | # In the '''Chart Style''' section click on the component element to be changed. |