They are often used today in stock analysis along with other analytical tools such as.In Beyond Candlesticks, Nison says, 'However, based on my research, it is unlikely that Homma used candle charts. They were introduced to the Western world by in his book, Japanese Candlestick Charting Techniques. Contents.History Candlestick charts are thought to have been developed in the 18th century by, a rice trader of. They are visually similar to, though box plots show different information. Being densely packed with information, they tend to represent over short periods of time, often a few days or a few.Candlestick charts are most often used in of equity and currency price patterns. Shorter intervals than one day are common on computer charts, longer are possible.It is like a combination of line-chart and a bar-chart: each bar represents all four important pieces of information for that day: The open, the close, the high and the low.
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