The Candlestick Chart is the most widely used type of a trading chart and set by default on BTCMEX.
A candle, or candlestick, represents a price action in a certain time period of the market. You can adjust the displaying time period of a candle on BTCMEX.
Each candle has four positions:
- Open of the candle (O) - the price at which the candle was open.
- Close of the candle (C) - the price at which the candle was closed.
- High of the candle (H) - the highest price reached within the time period.
- Low of the candle (L) - the lowest price within the time period.
There are green and red candles. The green candle means that the candle was closed at a price higher than the previous candle, or the price went up. The red, on the contrary, that the candle was closed at a price lower than the previous candle, which means the price went down.
The price for all four positions of the candle is available in the top left corner of the trading chart.