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Financial OHLC/Candlestick charts

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Description

An OHLC chart is a type of Bar chart that shows Open, High, Low, and Closing prices for each period. Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time, e.g., one day or one hour. Tick marks project from each side of the line indicating the opening price (e.g., for a daily OHLC chart this would be the starting price for that day) on the left, and the closing price for that time period on the right.

 

The Japanese Candlestick chart is another way of displaying market price data, with the opening and closing prices defining a rectangle within the range for each time unit. The rectangles have different colors depending on whether prices rose or fell in that period.

 

Both charts show the exact same data, i.e., the opening, high, low, and closing prices during a particular time frame. Some traders find the candlestick chart easier to read.

 

OHLC/Candlestick chart may contain single series or multi-series data fields. These charts use four values: open, high, low and closing price values. You also need to select the Label field.

chart_ohlc_set

Example of a Candlestick chart

Sample data table:

 

Day

Open

High

Low

Close

03-Mar-10

512.00

515.00

506.10

506.00

04-Mar-10

508.00

513.00

507.00

513.00

05-Mar-10

512.00

515.00

511.00

511.00

 

In this example, we chose Open, High, Low, Close as the Data Series fields, Day as the Label field.

chart_candlestick

Other chart types:

Pie/Doughnut charts

Accumulation chart

Column/Bar charts

Line chart

Gauge chart

Bubble chart

Area chart

Combined charts

See also:

Creating charts

A list of chart types

Chart parameters

Chart appearance

Using SQL to shape chart data