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Select an Indicator:

General Information 1. Stochastic Oscillator 2. On Balance Volume (OBV) 3. Japanese Candlesticks 4. Relative Strength Index (RSI) 5. Bollinger 6. Standard Deviation 7. Linear Regression Channel 8. Parabolic SAR 9. Moving Average Convergence/Divergence (MACD) 10. Williams %R 11. Momentum 12. ZigZag 13. Moving Average 14. High Low Open Close (HLOC) 15.ADX 16.Fibonacci 17.Draw Tool

Candles

Definition: The candles are also known under the name: Japanese Candle Sticks. The logic behind these candles are relatively simple. Please refer to the screenshot below while reading the explanations. These candles allow you to acquire a maximum of information on a single security for a given day, like Open, High, Close and Low. It also allows you to see if the prise rose or fell that given day.

Detailed Analysis

The brown line indicates the spread of the share price on the given day, by spread we mean the highest and the lowest paid prices for the given share during the trading period. The green bars indicate that the opening price was lower than the closing price, i.e. the opening price is at the bottom of the green bar and the closing at the top of the green bar. The red bars indicate that the opening price was higher than the closing price, i.e. the opening price is at the top of the red bar and the closing at the bottom of the red bar. Please note that the volumes also represent the ascending or the descending price of the underlying share. If the volume bar is red this indicates the share lost terrain on that specific day, and vice versa.

Tips & Tricks

You can always couple the candles with Bollinger, MACD and other analysis tools that use moving averages so as to have a clearer view on the share volatility and trends. Please see HLOC for another simpler version of candles.

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