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Ichimoku Charts: An introduction to Ichimoku Kinko Clouds by Nicole Elliott

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Appendices

Constructing Candlestick Charts

Candlesticks are similar to bar charts. For any given period, say a month, a day or an hour, prices are plotted vertically on a chart moving from left to right by the chosen time interval. The examples used here will be days, but the rules apply equally to all other periods. A note is made of the opening price, the high and low points, and the closing price that day. The high and low are treated in the conventional way, joined with a vertical line, but the other two points are configured differently than in a bar chart. The open and close are used to form the real body of the candle and are plotted as a slightly wider section around the vertical line. The vertical line that extends above the real ...

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