Western line (OHLC) versus Japanese Candlestick

Posted on September 3, 2008. Filed under: analysis | Tags: , , , |

The Western bar chart is made up of four parts components, open, high, low, and close. The vertical bar depicts the high and low of the session, while the left horizontal line represents the open and the right horizontal line represents the close.

Figure 1

The Japanese Candlestick Line (Figure 2) uses the same data (open, high, low, and close) to create (more…)

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