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Does anybody have a link to instructions for reading that kind of chart (or the name of the chart type)? I used to know, but it has been many years.

I suppose green bars means the price went up and red down, and the bar extends between the high and low price. But what does the chunk in the middle mean? And where can I see that 500k were traded?




EDIT: The below is wrong, see here: http://en.wikipedia.org/wiki/Candlestick_chart

The chunk in the middle is the price for the majority of trades, and the lighter bar is all trades, if I remember right.


The small bar indicates the range of prices during the time frame (for example, each bar could represent 15 minutes of trading on a 15 minute chart). The big bar shows the closing and opening prices for that time range. If the closing price is below the opening price the bar is red, and vice versa.

The red bar that shoots up from the bottom is the trading volume, and usually isn't covering up the bars so it looks strange. It just says a ton of BTC was sold in that time frame.


It's called a candlestick chart.

http://en.wikipedia.org/wiki/Candlestick_chart


There are two charts here.

Along the bottom of the chart is the volume of trades, i.e. how many shares/coins are being sold or bought (and whether they're being sold or bought).

The chart in the middle is the price and variability of the trades (i think).

Not a stock person or a BTC trader. Just gawking at the spectacle.




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