Registered User
Joined: 4/3/2005
Posts: 9
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Can you tell me why some of the candles on the charts are solid, and others of the same color are open? I can't seem to figure it out. Thanks.
MartiChris2
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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A hollow candle indicates that the stock closed up for the day (close is higher than the open). A solid candle indicates that the stock closed down for the day (close is lower than the open).
When editing price, you can check the box that says Plot Down Days in Different Color (the default color for down days is red). A down day is one where the stock closed today lower than it did yesterday. Assuming you have checked the box, a red candle indicates that today's close is lower than yesterday's close. A green candle indicates that today's close is higher than yesterday's close.
Here are some examples for a daily chart:
Hollow Green Candle: Close higher than open; today's close higher than yesterday's close.
Hollow Red Candle: Close higher than open; today's close lower than yesterday's close.
Solid Green Candle: Close lower than open; today's close higher than yesterday's close.
Solid Red Candle: Close lower than open; today's close lower than yesterday's close.
To summarize, whether a candle is hollow or solid is determined by comparing today's open with today's close. Whether a candle is red or green is determined by comparing the close of the current candle with the close of the previous candle.
If when plotting BOP, as Craig mentioned above, you check the box to apply BOP colors to price, the BOP colors override the up/down color scheme described above.
- Doug
Teaching Online!
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