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Candlestick chart

Candlestick chart is a cart type that resembles the concept of the OHLC chart. The candlestick chart was developed in the 18th century by Munehisa Homma, a Japanese rice trader, to help record price rate changes. The candlestick chart uses a vertical line (wick) and a rectangle (body) to describe the prices during the time interval. The high point of the line is the highest price rate, the lowest point is the lowest price rate and the body represents the open and close values. When the open price is lower than the close price, the body white or green (price rising). When the open rate is higher than the close rate, the body is in black or red.

Candlestick chart



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