Candlestick Charts
The Candlestick chart is widely used for analysis of equity and commodity prices. Using a Candlestick charts you can show the opening price, closing price, highest trading price, lowest trading price and the trade volume put together on a single charts.
Candlestick Charts are used in:
- Equity Trading
- Futures Trading
Features of Candlestick Charts:
Automatic color coding of data plotsThe data plots of the Candlestick charts are automatically color coded to indicate rise or fall in prices
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Show detailed info in tooltipsAll data plot details like opening and closing price, highest and lowest trading price are displayed in tooltips. So you can have a charts that is rich in information yet neat in appearance
Option to use line or column plotThink the candlestick plot may be a little complex for your end users to understand? Show your data using the simple line or column plot
Highlight specific candlesticks easilyWant to draw your viewer's attention to a particular candlestick? Simply use a different color combination to highlight it
Hover bar makes data comprehension easierA vertical bar is displayed over the data point that the user hovers over. This makes mapping of the price plot to the volume plot much easier
Plot missing dataYou can easily plot missing data using this charts. So when you have nothing to show, show it
Highlight important sequence of daysEasily highlight a particular sequence of days with horizontal colored bands
Plot different technical indicatorsYou can plot different technical indicators like Simple Moving Average or 50 day average, and as many different indicators as you want