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Question
one - day candlestick chart
how would you convert the candlestick chart into into the top part of a stock bar chart, which has an open price of $120, a high of $125, a low of $118, and a close of $123, into a stock bar chart?
draw a horizontal line from the open price of $120 to the close price of $123, ignoring the high price of $125 and the low price of $118
draw a vertical line from the open price of $120 to the close price of $123 and ignore the high price of $125 and the low price of $118
mark the open price of $120 and the close price of $123 at the top of the chart and connect them with a straight line without showing the low price of $118 and the high price of $125
draw a vertical line from the low price of $118 to the high price of $125. then, add a horizontal line extending to the left at the open price of $120 and another horizontal line extending to the right at the close price of $123
A stock bar - chart represents open, high, low, and close prices. To convert a candlestick chart to the top - part of a stock bar chart, we need to show the open and close prices. A vertical line is used to represent the range from open to close. We ignore the high and low for the top - part of the bar chart which focuses on open and close.
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Draw a vertical line from the open price of $120 to the close price of $123 and ignore the high price of $125 and the low price of $118.