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bert953
Posted : Thursday, March 6, 2008 10:46:12 AM
Registered User
Joined: 5/3/2007
Posts: 10
Hi, I am a TC2000 gold member. I am currently studying candles but I am confused about the convention for red vs green candles and volume bars. 
 
For example, looking at 3/4/08 chart for COST, the close is above the open and there is a white real body, yet the candle & volume bars are red. Switching to an open bar chart, I see the opening below the close for the session.
 
Opening 62.09
Low 61.63
High 62.97
Close 62.39
 
Please advise what is the convention and why are todays price & volume bars red (even though the real body is actually white signifying a up trending session). On 12/12/07 the price & vol bars are green, yet the candle has a black real body, signifying a  down trending session.
 
Very misleading.
 
Regards,
 
Bert Babb
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Bruce_L
Posted : Thursday, March 6, 2008 11:00:21 AM


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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