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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Question

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mccarthyj1
Posted : Friday, August 15, 2008 1:03:19 PM
Registered User
Joined: 1/21/2008
Posts: 73
 I was looking at some charts and I noticed that on some days when the close would be above the open, the candlestick would be a hollow red. 

I was just wondering what the technical signifigance of this would be?

Thanks, Joe. 
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Bruce_L
Posted : Friday, August 15, 2008 1:10:09 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 The candlesticks in TeleChart combine color and body type to provide both Current Close versus Current Open and Current Close versus Previous Close information in the same Candle (if Plot down days in a different color is selected).

Candlesticks:

Current Close > Open = Hollow
Current Close < Open = Solid
Current Close >= Previous Close = Green
Current Close < Previous Close = Red

Price Color and Volume Bar Color treat a Net Change of zero differently. The Candle is green but the Volume Bar is red.

Volume Bars:

Current Close > Previous Close = Green
Current Close <= Previous Close = Red
-Bruce
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