Candlesticks

Candlestick patterns have become extremely popular in recent years. They are simply bar patterns in which the open is also taken into account. They are also drawn differently than regular bar charts. The area between the open and close for a bar is drawn as a box and is called the body. If the close for the day is higher that the open, the box is white. If the close for the day is lower that the open, the box is black. If there is no difference between the open and the close, a line is drawn instead of a box. The high and low for the bar are drawn as usual.

Candlesticks can be easily incorporated into historical or end-of-day testing by using the Bar Pattern Visual Editor.

Note: If you are viewing a chart that has candlesticks on the chart, but you don’t see the candlesticks, you probably have too many bars on the chart. You can correct this by zooming in on the chart.