In this Trading 101 video we go over the difference between candlesticks charts and Bar charts otherwise known as open high low close (OHLC). Both of these chart types candlesticks and bar charts offer the same information for technical analysis, but Japanese candlesticks offer this in a clearer format.
Reading candlestick charts is quite simple as it involves the open, high, low, and close for each bar, along with the color coding of red and green.
Understanding candlestick charts and bar charts is a key aspect of understanding the markets that you trade.
Bruce Banks, www.envisionchart.com specializing in Futures and Forex
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good video
very informative and clear, thank you
great explanation, thanks!
Great video, thank you
What or who determines the values in ohlc?
Sometimes i see a gap between the bars. i have my chart that i use set to 1 minute and sometimes the prior bar close is not where the next bar opens.
check the volume of the instrument that you are watching. prices can gap by the spread often.
If there is a spread of say 50c on your stock, and it goes from the bid to the ask in one shot (very possible) and that lines up with the timing of the new bar forming you’ll see a gap.
These gaps become less common the more liquid the stock is.
Bro, wtf? Overcomplexity