Strategies Resources are free. This real body represents the range between the open and close of that day's trading. Download an Candlestick indicator. Extract from the file rar or zip. (For a more in depth analysis, check out. candlestick Charts, while everyone is used to seeing the conventional line charts found in everyday life, the candlestick chart is a chart variant that has been used for around 300 years and discloses more information than your conventional line chart. It easy by attach to the chart for all Metatrader users. If the real body is empty, it means the opposite: the close was higher than the open.
Select chart and Timeframe where you want to test your indicator. A wide bar on the vertical line illustrates the difference between the open and close. In the next lesson, we'll get into a common chart pattern called the "head and shoulders." (Day trading could be your cup of tea; you might want to read. At just a glance, you can see where a currency's opening and closing rates, its high and low, and also whether it closed higher than it opened. And a short upper shadow on an up day dictates that the close was near the high.