Candlestick Chart – Forex Economic Dictionary

Forex Economic Dictionary
Economic Dictionary

Candlestick Charta type of graph that illustrates and summarizes information about the price movements of a financial instrument for a certain period. It provides the same information as the so-called Bar Chart. The thickest part (known as „the body of the candle”) connects the opening price with the closing price. The thin lines on both sides of the body (called „shadows”) connect levels of maximum and minimum price, achieved by the instrument of certain period. When the opening price is higher than the closing price, the body is filled or colored. Otherwise, the candle body is white or unfilled.

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