Chart Colors

ssharma

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I am a newbie.Can anyone explain why there's 2 colors in candlestick. What does green and red colors mean
 
In general, a green candlestick means the close price is above the open price (price went up from open to close) and a red candlestick means than the close price was below the open price.

Most charting software lets you manually play with the colors, so be aware that you can find some really oddly colored candles from time to time.
 
In general, a green candlestick means the close price is above the open price (price went up from open to close) and a red candlestick means than the close price was below the open price.

Most charting software lets you manually play with the colors, so be aware that you can find some really oddly colored candles from time to time.

What i have here right now in my demo fx trading is red and blue, What does blue means?
Does this means that there is no such permanent color for candlesticks?
 
I am a newbie.Can anyone explain why there's 2 colors in candlestick. What does green and red colors mean

:):D

Hi! i read your concern.Here's the definition of red and green colors on the chart .

Candlestick Chart - A form of Japanese charting that has become popular in the West. A narrow line shows the day's price range. A wider body marks the area between the open and the close. If the close is above the open, the body is green or blue; if the close is below the open, the body is red.

I got the answer to your question from the link below.You can also find other definitions for other terms in forex there.I hope you find it useful.

http://www.avafx.com/resources/educ/forex-glossary/
 
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