Candlesticks (Japanese candlesticks)

Schedule of candlesticks (Japanese candlestick diagram) is very similar in principle and structure of the chart bars (bar chart). Here, too, are displayed next to all the parameters of foreign exchange rates: the fixation point in the opening position (open), reached a minimum (min), maximum (max), the price value at the time of closing positions (close). As the chart bars, each candle represents the trading period, such as the duration in minutes or hours. Candle chart called this because of its similarity with a candle with a wick. Each column has a marked increase (rectangle), called the candlestick body (real body). Filled filled rectangle (candle gets black fill) indicates that during this period, the price of currency at the close was lower than at the opening, that is, for the entire period, the value of the currency declined. An empty rectangle (candle gets a white fill) means the opposite: closing price exceeded the value of the open price, that is the whole value of the currency has increased over the period. White, empty candle stand out against a black background, as if to say: "Here it is positive period!"


Wick line over the body of the candle represents the maximum achieved value of the currency over the period (max), it is also called the upper shadow. Such a rod from the bottom represents the minimum value (min), also has a popular name lower shadow.

This schedule, I personally feel very comfortable, it clearly displays all necessary information for analysis. The choice still remains for you.