![]() If the left, horizontal bar (opening price) is located below the right horizontal bar (closing price), it means price has increased so the colour of the bar is green. The horizontal, small line that sticks out from the left side of the vertical bar represents the opening price, while the horizontal line that sticks out to the right side represents the closing price of the bar.īar charts are colour-coded like candlestick charts. The top point of a vertical bar represents the high price and its bottom end represents the low price. You need to find the chart type dropdown menu on top of the price chart, which is located next to the time period selection dropdown menu. You are able to view bar charts in the CEX.IO Broker platform. Just like with candlestick charts, each vertical bar constitutes a single unit of time in the chart depending on the timeframe used (hourly, daily, weekly etc). Bar charts consist of vertical price bars which display the open, high, low, and closing price of an asset. Bar ChartsĪ bar chart is a collection of price bars, with each bar showing price movements for a given duration of time. ![]() It provides a more simplified, clear view of the price action eliminating all the noises and extreme prices that happen per unit of time in the chart. Line charts display only the closing price of a currency pair for each time point on the chart. You are able to view line charts in the CEX.IO Broker page. Line charts are a simpler display of price action compared to candlestick charts. In that regard, wicks could serve as an indicator to identify potential trend reversals. Wicks can either suggest strong selling pressure (if it is a wick to the top) or buying pressure (if it is a wick from the bottom). If the closing price of the candlestick is higher than the low price, then the low price is represented as a “wick” that spikes down from the bottom of the candle body. Low price, which shows the lowest traded price during the lifespan of that price candle.If the closing price of the candlestick is lower than the high price, the high price is represented as a “wick” that spikes above the body of the candle. High price, which shows the highest traded price during the lifespan of that price candle. ![]() Closing price, which is located on the top right corner of the candle’s body if it is a green, increasing candle and the right bottom corner of the candle body if it is a red, decreasing candle.Opening price, which is located on the left bottom corner of the candle’s body if it is a green, increasing candle, and on the top left corner of the candle body if it is a red, decreasing candle.Japanese candlesticks are the most commonly used type of candlesticks in the trading world.Įach candlestick in a price chart contains the following information: Change in price during the lifespan of a candlestick is calculated by subtracting the price of the last trade from that of the first trade. If a candle represents an increase in price, then it has a green colour and if it represents a decrease in price, it has a red colour. So if you are looking at a daily chart, each candlestick represents a single day in time.Ĭandlesticks help visualize bullish or bearish sentiment by displaying “candle bodies” with two different colors. In these charts, each candle represents a duration of time depending on the timeframe (hourly, daily, weekly, etc). Candlestick ChartsĬandlestick charts are the most widely used price charts in trading. In CEX.IO Trade page, the only available chart option is the candlestick charts, but at CEX.IO Broker, all 3 price chart types are available. Same data is used to create these charts but the way that the data is interpreted and presented are different. All three chart types have the price on the vertical axis and the time on the horizontal axis. There are the three commonly used price charts - candlestick charts, line charts, and bar charts.
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