What's a Candles Chart in Stock Index Trade?

Types of Charts in Indices

There are 3 types of charts used in Stock Index: Line charts, bar charts & candles charts.

Candlesticks Charts - the candlesticks charts use the same price information as bar charts (open, high, low, and close). However, they're shown in a much more easily identifiable way that looks like a candlestick with wicks on both ends.

How to Read Candlestick Charts

The rectangle section is known & referred to as body.

The high & low are illustrated as shadows & drawn as protruding lines.

What is Candlesticks Chart in Stock Indices Trade?

The colour of the candle is either blue or red

• (Blue or Green Colour candle-stick) - Prices moved up
• (Red Colour candlestick) - Prices went down

Most softwares like the MT4 Indices Platform, use colour to mark the direction. Colours used are green or blue: - green candle when stock price moves up, red candle when stock price moves down.

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