Some traders find candlestick charts easier to read than OHLC charts. It is not necessary for a candlestick to have either a body or a wick. If the stock went down, the body is black, with the opening price at the top and the closing price at the bottom. If the stock went up, the body is white, with the opening price at the bottom of the body and the closing price at the top. The wick illustrates the highest and lowest traded prices of a stock, and the body represents the opening and closing trades. It is mostly used in technical analysis of equity and currency price patterns.Ĭandlesticks consist of the body (black or white) and an upper and a lower shadow (wick). Triple Exponential Moving Average (TRIX)Ī Japanese candlestick chart is a combination of a line and bar chart used to describe price movements of an equity over time, where each bar represents the range of price movement over a given time interval.
Moving Average Convergence Divergence (MACD).
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