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As we know, candlestick charts influence the emotions of traders a lot. But what is the candlestick chart?
Candlestick Components
Just like a bar chart, a daily candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body."
Source: moomoo
This real body represents the price range between the open and close of that day's trading. When the real body is filled in or black, it means the close was lower than the open. If the real body is empty, it means the close was higher than the open.
Traders can alter these colors in their trading platform. For example, a down candle is often shaded red instead of green. But you can alter the color in the settings if you like.
Source: moomoo
By Eric
Source: Investopedia