OHLC Chart Short for "Open, High, Low, Close chart." This is a securities chart that clearly shows the opening, high, low and closing prices for a security. On-Balance Volume - OBV ...
An OHLC chart has a single vertical bar with a horizontal bar on the right showing the current or closing price as above, but also has an additional horizontal bar on the left side, showing where the opening price for the specified time frame was.
Open-high-low-close chart - OHLC charts, also known as bar charts, plot the span between the high and low prices of a trading period as a vertical line segment at the trading time, ...
Gaps, which occur frequently on the traditional OHLC chart, are not present because they are incorporated into the modified candles.
The extra information is one of the reasons why the OHLC charts are more popular than HLC charts. In addition, some charting applications use colors to indicate bullish or bearishness of a bar in relation to the close of the previous bar.
The usual stock market charts created are the OHLC charts. OHLC means Open, High, Low, Close chart. These charts are further classified into two - the plain vanilla and the candlestick chart.
Bar charts are often referred to as OHLC charts (open-high-low-close charts) to distinguish these charts from more traditional bar charts used to depict other types of data. Bar charts allows traders to see patterns more easily.
OHLC Chart - Open/High/Low/Close charts show four price points for each day on a vertical line. The top and bottom of the line represent the high and low respectively.
Candlestick charts: These are like OHLC charts in that they show the opening and closing prices as well as any high and low movement throughout the day.
See also: Stock, Charts, Open, Close, Trend
 
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