Basic Candle Concepts
CANDLE A candle tells us about the price of a share. It will show us clearly the changes in the stock price/value. If a share price goes down then we will see a red candle and if a share prices goes up then we will see a green candle. A candle has two(02) sections- Wicks and Body as indicated below- High- Highest Value Open- Opening Value Close- Closing Value Low- Lowest Value Wicks/Shadows give an idea about the highest and the lowest price to which the stock moved. The body gives an idea about the Opening Price and the price at which the share finally settled (Close) for the time frame. We can view candles in many time frames. If you want to see changes in a stock price per minute then you can set the candle time frame to 1 minute and accordingly you’ll see one candle each with High, Low, Open and Close price values for every minute. This time frame can be of different durations like you can set your candles time frame to 1min, 2min, 3min, 5min, 1hour, 4hour, 1day, 1week, etc