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Chart Colors

Discussion in 'Beginners Bootcamp' started by ssharma, Aug 29, 2009.

  1. ssharma

    ssharma Private

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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
     
  2. Pharaoh

    Pharaoh Colonel

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    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.
     
  3. Lhar_fpa

    Lhar_fpa Private, 1st Class

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    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?
     
  4. vans22

    vans22 Private, 1st Class

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    :):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/
     
    #4 vans22, Sep 15, 2009
    Last edited: Sep 15, 2009

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