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OHLC Chart

Definition

An open-high-low-close chart is a type of chart typically used to illustrate movements in the price of a financial instrument over time. Each vertical line on the chart shows the price range 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 on the left, and the closing price for that time period on the right. The bars may be shown in different hues depending on whether prices rose or fell in that period.

What is 'OHLC Chart'

Short for "Open, High, Low, Close chart." This is a securities chart that clearly shows the opening, high, low and closing prices for a security.

Explaining 'OHLC Chart'

This type of chart is often used by technical analysts to spot trends and view stock movements, particularly on a shorter term basis.


Further Reading


Financial stock data and ordered fuzzy numbers
link.springer.com [PDF]
… hundreds of times. The open-high-low-close chart (also OHLC chart, or simply bar chart) and Japanese Candlestick are most often used in technical analysis. Both types of charts are presented in Fig. 2. The box in Fig. 2 that makes …

Ordered fuzzy numbers in financial stock and accounting problemsOrdered fuzzy numbers in financial stock and accounting problems
ieeexplore.ieee.org [PDF]
… hundreds of times. The open-high-low-close chart (also OHLC chart, or simply bar chart) and Japanese Candlestick are most often used in technical analysis. Both types of charts are presented in Fig. 2. The box in Fig. 2 that makes …

Number preference in Australian stocksNumber preference in Australian stocks
www.tandfonline.com [PDF]
… hundreds of times. The open-high-low-close chart (also OHLC chart, or simply bar chart) and Japanese Candlestick are most often used in technical analysis. Both types of charts are presented in Fig. 2. The box in Fig. 2 that makes …

Bitcoin Network Mechanics: Forecasting the BTC Closing Price Using Vector Auto-Regression Models Based on Endogenous and Exogenous Feature VariablesBitcoin Network Mechanics: Forecasting the BTC Closing Price Using Vector Auto-Regression Models Based on Endogenous and Exogenous Feature Variables
www.mdpi.com [PDF]
… hundreds of times. The open-high-low-close chart (also OHLC chart, or simply bar chart) and Japanese Candlestick are most often used in technical analysis. Both types of charts are presented in Fig. 2. The box in Fig. 2 that makes …



FAQ


What is an open-high-low-close chart?

An open-high-low-close chart (also OHLC) is a type of chart typically used to illustrate movements in the price of a financial instrument over time.

What does each vertical line on the chart show?

Each vertical line shows the price range (the highest and lowest prices) over one unit of time, e.g., one day or one hour.

How are tick marks shown on an OHLC chart?

Tick marks project from each side of the line indicating the opening price (e.g., for a daily bar chart this would be the starting price for that day) on the left, and closing price for that time period on the right. The bars may be shown in different hues depending on whether prices rose or fell in that period.

Are there any differences between Japanese candlestick charts and OHLC charts?

Yes, both types of charts show exactly the same data, i.e., opening, high, low, and closing prices during a particular time frame; however they display it differently by expanding and contracting candlesticks' bodies instead of using horizontal lines as with OHLC charts.

Who uses which type of chart more often?

Day traders who have to watch live action prefer to use Japanese candlesticks because they can see "live action" movement by expanding and contracting candlestick's body easier than horizontal lines as with OHLC charts .

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