What's a Candlesticks Chart in Indices Trading?

Types of Charts in Indices Trading

There are 3 types of charts used in Indices: Line charts, bar stock indices charts & candles stock indices charts.

Candle Sticks Charts - the candlesticks charts use the same stock indices price data as bar charts (open, high, low, and close). However, they in a much more easily identifiable way which resembles a candle with wicks on both ends.

How to Read Candlestick Charts

The rectangle section is known as body.

The high & low are described as shadows & plotted as poking lines.

What is Candlesticks Chart in Indices Trading?

The color of the indices candlestick is either blue or red

• (Blue or Green Color candlestick) - Indices Prices moved up
• (Red Color candle) - Indices Prices moved down

Most trading platforms like the MetaTrader 4 Indices Trading Platform , use colors to mark the direction. Colors used are blue or green: - green candlestick when stock indices price moves up, red candlestick when stock indices price moves down.