SIDEBAR: DRAWING CANDLESTICKS
ARTICLE SYNOPSIS ...DRAWING CANDLESTICKS
If drawn by hand, Japanese candlestick charting is time consuming but simple. First, collect the high,
low, open and close price for the period under consideration (five minutes, hourly, daily, weekly or
whatever you may choose). Second, mark the open and the close on a price chart and join them by a small
rectangle to form the body of the candle (the small end on the time scale and the long on the price scale,
representing the difference between the open and close prices). Third, paint the rectangle black when the
open is higher than the close and leave it white when the...