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 are displayed in a much more easily identifiable way that looks like a candlestick with wicks on both ends.
How to Read Candle Charts
The rectangle section is known as body.
The high & low are described 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 Stock Indices Platform, use colour to mark the direction. Colours used are blue or green: - green candle when stock price moves up, red candle when stock price moves down.
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