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05/07 17:47

Bar Charts vs. Candlestick Charts

Bar charts are very similar to Japanese candlestick charts. The two chart types show the same information but in different ways.

A bar chart is composed of a vertical line, with small horizontal lines on the left and right that show the open and close. Candlesticks also have a vertical line showing the high and low of the period (called a shadow or wick), but the difference between the open and close is represented by a thicker portion called a real body.
The body is shaded in or colored red if the close is below the open and shaded in or colored white or green if the close is above the open. While the information is the same, the visual look of the two chart types is different.
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