Candlestick chart
Last updated
Last updated
A candlestick chart is a financial visualization tool illustrating the price fluctuations of assets such as securities, derivatives, or currencies. Each "candlestick" corresponds to a defined time interval (e.g., minute, hour, day) and conveys four critical data points for that period: the opening price, closing price, highest price, and lowest price. This charting method is widely employed in financial analysis to monitor market trends and inform investment decisions. The Candlestick is popular in analyzing financial aspects due to its ability to visualize a lot of data quickly and effectively, helping traders make more informed decisions.
Analyzing Market Sentiment: Candlestick charts reveal whether buyers or sellers dominate the market during a specific period, making it easier to gauge sentiment.
Identifying Reversal Patterns: Traders use them to spot patterns like Doji, Hammer, or Engulfing patterns, which suggest potential trend reversals.
Short-Term Trading: Candlestick charts are ideal for day trading or swing trading since they provide detailed visual information on market action over shorter time frames.
Support and Resistance Levels: Candlestick charts make it easier to identify critical price levels where the market has consistently reversed or consolidated.
Check out the illustration on using the Candlestick chart properties.
The Properties fields provided under the General Settings help the users to configure various chart-related settings.
Exclude Global Filter: Enable this option to exclude the Global Filter.
Shuffle Text: Enable this option to shuffle the text in the Word Cloud.
Shrink To Fit: Enable this option to shrink the text to fit in the chart display.
Show Limited Words: Enable this option to display limited words through the Word Cloud chart.
Exclude Pronouns: Enable this option to exclude the Pronouns from the display of the Data fields.
Animation: If the Animation option is enabled, the View will display in an animated format or if disabled it will be static at the position.
Convert To Case: Select any option to display the chart data in the selected case. The supported options are None, Lower Case, Upper Case, and Title case.
Filter: Select a filter option using the drop-down menu.
The Category Axis consists of several crucial properties for the chart's X-axis.
Title: Define the title for the axis to provide context.
Axis Label: Customize the labels on the axis to improve the readability of the data points.
Label Angle: Adjust the angle of labels to enhance space usage and readability.
The Primary Value Axis provides essential controls for the Y-axis of the chart.
Title: Set a descriptive title for the axis to provide context to viewers.
Axis Label: Customize the labels on the axis for clarity and a better understanding of data values.
Format Type: Select a desired format type from the drop-down menu (the provided options for this field are: None, Auto, Percent, Thousand, Lacs, Crore, Million, Billion, Trillion, Quadrillion).
Currency Type: Select a currency symbol to be displayed in the view (the provided options for this field are: None, Rupees, Euro, Pound, USD, Yen, Cent).
Precision: Set the after-decimal value (It displays up to 5 precision).
Text: Provide any information regarding the chart. If any digit or character is required to be highlighted, put it inside two asterisks. (E.g., *70%* or *skills*).
Font Size: Set/modify the Font Size of the Insights text.
Font Color: Select a Font color for the Insights Text.
Text align: There are three alignments to align the text.
Left
Right
Centre
Position: There are two options to position the text.
Bottom
Right
