To display candles on your graphs in ShareScope, right click in the graph and select Graph Design. Steve will take you through the basics of candlestick charting and spotting early reversal signs in this informative audio tape. When viewed together on a chart these candles can form reversal or continuation patterns - some of which we will look at later in this article. If the real body is small then the candle is called a spinning top.Ī doji is where the Open and Close have the same value (or are very close). A filled candle shows that the Close is lower than the Open.Ī hollow candle opens near the low and closes near the high, showing a bullish trend for the session.Ī filled candle shows the bears in charge as the instrument opens high and closes near the low.Ĭandles come in all different sizes - a long candle shows one-sided action where a short candle may indicate a loss of momentum.Ī candle can also have a shaven head or shaven bottom - where there is no shadow at the top or bottom.A hollow candle shows that the Close of the session is higher than the Open.

Traditionally candles are drawn either hollow or filled. Steve Nison's Candle Charting Essentials and Beyond Who Else Wants To Build A Strong Trading Foundation Of Proven Candlestick Charting Strategies.the basics, with hundreds of examples showing how candlestick charting techniques. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. Japanese Candlestick Charting Techniques Paperback by Steve Nison. The 'wicks' or lines at the top and bottom of the real body are called the upper and lower shadow and represent the high and low values. According to Steve Nison, candlestick charting first appeared sometime after 1850. The main section of the candlestick is called the real body and shows the range between the Open and Close. Candlestick charts are so called due to their resemblance of candlesticks.

Candlestick charting basics steve nison