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A Hollow Candlestick Chart plots the data series using a sequence of candlestick figures. A single candlestick consists of a body and a wick. 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 wick can be on either end or both ends. A wick above the body represents the distance from the high to the open/close, whichever is closer. A wick below the body represents the distance from the low to the open/close, whichever is closer. | |||
On the chart, the body of a candlestick takes the form of a pillar-like rectangle. The wick is the line above and/or below the body. | |||
The body of a candlestick can be either hollow or solid. | |||
{| | |||
|'''Hollow'''||A candlestick with a hollow body is called a bullish candlestick. The close is higher than the open. | |||
|- | |||
|'''Solid'''||A candlestick with a solid body is called a bearish candlestick. The close is lower than the open. | |||
|- | |||
|} | |||
Additionally, a candlestick can be one of three colors. | |||
{| | |||
|'''Green (Up)'''||The close of the current candlestick is higher than the close of the previous candlestick. | |||
|- | |||
|'''Grey (Neutral)'''||The close of the current candlestick is the same as 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, | |||
# Double-click on the data series in the chart. | |||
# Select the '''Style''' tab. | |||
# Select '''Hollow Candlestick''' under '''Chart Type'''. | |||
# Click the color bars under '''Chart Style''' to select different colors. | |||
</div> | |||
<br> | |||
== | |||
Selecting Hollow Candlestick Chart Type == | |||
Chart type can be selected from the '''Format Symbol''' window: | |||
# Open the '''Format Symbol''' window.<br><span>{{FormatSymbol}}</span> | |||
# Select the '''Style''' tab. | |||
# In the '''Chart Type''' list box select '''Hollow Candlestick'''. | |||
Candlestick Chart Type can also be selected by one of the following methods: | |||
* Click the '''Hollow Candlestick Chart''' http://www.multicharts.com/img/wiki/toolbar/12_CandleStick_Chart.png icon on the '''Chart Analysis''' toolbar; or: | |||
* In the main menu select '''View''' and click '''Hollow Candlestick'''. | |||
<br> | |||
== Selecting Hollow Candlestick Chart Style == | |||
Chart style can be set from the '''Format Symbol''' window: | |||
# Open the '''Format Symbol''' window.<br><span>{{FormatSymbol}}</span> | |||
# Select the '''Style''' tab. | |||
# In the '''Chart Style''' section click on the component element to be changed. | |||
# In the '''Color''' column select one of the standard 40 colors from the palette box, or click the '''Other''' button to create custom colors. | |||
# From the '''Width''' drop-down list box select a width to change the thickness of the candlestick. | |||
# To apply the most recently selected component's style to all components, click the '''Apply to All Components''' button. | |||
# 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. | |||
<br> | |||
[[Category:Chart Style]] | [[Category:Chart Style]] |