+1 888 340 6572

Candlestick Chart

From MultiCharts

Candlestick Chart visually presents the data series as a sequence of "Candlesticks".

A Candlestick emphasizes the range between the Open and the Close price points (ticks), and the direction of price movement (trend) between them.

Each candlestick consists of a "Body" and a "Wick". The body is a pillar-like rectangle, connecting the Open and the Close (the first and the last ticks’) prices of the tick group, on which the candlestick is based. The body’s color indicates the trend – the direction of price movement – between the Open and the Close ticks. The wick consists of two vertical lines, one extending from the top and one from the bottom of the body, to the High and Low price points. Each part of the wick is displayed only if its corresponding price point falls outside of the body’s range.

A Candlestick has three components: Up, Down, and Wick; Up is the body in an uptrend, and Down is the body in a downtrend.

The color of each of the components, the width of the wick, and the body's border is customized in the Chart Style section.

Selecting Candlestick Chart Type

Chart type can be selected from the Format Instruments window:

  1. Open the Format Instruments window.
    To open the Format Instruments window, click the Format Instruments icon on the main toolbar;
    if the Format Objects window appears, select the symbol and click the Format button.

    The Format Instruments window can also be opened by one of the following methods:
      - Position the mouse pointer over the symbol's data series; double-click once the Pointer changes into a Hand ;
      - Position the mouse pointer over the symbol's data series; once the Pointer changes into a Hand right-click and then click Format Symbol Name;
      - Right-click on an empty area of the chart and then click Format Instruments; if the Format Objects window appears, select the symbol and click the Format button;
      - Select Format in the main menu and click Instrument; if the Format Objects window appears, select the symbol and click the Format button.
  2. Select the Style tab.
  3. In the Chart Type list box select Candlestick.


Candlestick Chart Type can also be selected if you click the Candlestick Chart icon on the Chart Analysis toolbar.

Selecting Candlestick Chart Style

Chart style can be set from the Format Instruments window:

  1. Open the Format Instruments window.
    To open the Format Instruments window, click the Format Instruments icon on the main toolbar;
    if the Format Objects window appears, select the symbol and click the Format button.

    The Format Instruments window can also be opened by one of the following methods:
      - Position the mouse pointer over the symbol's data series; double-click once the Pointer changes into a Hand ;
      - Position the mouse pointer over the symbol's data series; once the Pointer changes into a Hand right-click and then click Format Symbol Name;
      - Right-click on an empty area of the chart and then click Format Instruments; if the Format Objects window appears, select the symbol and click the Format button;
      - Select Format in the main menu and click Instrument; if the Format Objects window appears, select the symbol and click the Format button.
  2. Select the Style tab.
  3. In the Chart Style section click on the component element to be changed.
  4. In the Color column select one of the standard 40 colors from the palette box, or click the Other button to create custom colors.
  5. From the Width drop-down list box select a width of the body border and the wick.
  6. To show candlestick borders, select Show Candlestick Border check box;clear the box to hide the border. The style of the border is the same as of the Wick.
  7. To apply the most recently selected component's style to all components, click the Apply to All Components button.
  8. To display the Last Price Marker select the Last Price Marker check box, or clear the box to hide the marker; the color of the marker is the same as the color of the Down component.
To use these style settings for all new charts of this type, select Use as Default check box.