BTC-e Price Graphs - Explanation needed
-
Hi guys,
Can someone please explain the price graphs on exchanges like BTC-e and others?
I see green boxes and red boxes, with black lines coming out the top or the bottom, but I have no idea what these represent.
Words of 1 syllable or less please…Thanks,
Stefan -
Simple explanation:
Green candle means price went up from last candle. So The price started at the bottom of the candle and ended at the top of the candle at the end of that amount of trading time.
Red is exact opposite, price went down. Started at top and ended at bottom.
The ‘wicks’ or the little black lines show the highest and lowest trades in that timeframe. -
This is how I comprehend it. The boxes stand for a certain amount of time and the range of prices that were sold within that time.
Red boxes mean the price went down from where the top of the box is, to where the bottom of the box is.
Green boxes are the opposite, meaning they rose from the price at the bottom of the box to the price of the top.Lines are fluctuations. So if you see a red box with a tail at the top, it means the price rose from the top of the red box to where the line ends, then dropped to the bottom of the red box. Likewise with a green box below it.
-
WOW Extremely Good Explanations Guys I have a much better understand how to read these Blasted Price Graphs Now ;)
-
Found this very helpful myself when trying to grasp it all.
a) green bars above the axis represent increases in buy orders
b) red bars below the axis represent decreases in buy orders
c) red bars above the axis represent increases in sell orders
d) green bars below the axis represent decreases in sell orders
Sometimes you’ll see weird looking bars like this, where there’s green both above and below the line at a single price point:
[img]http://i.imgur.com/Usrdy99.png[/img]
That means the market price has moved up past that point. There used to be sell orders at that price (which have gone down to zero, case d) above) and now there are buy orders at that price (which have gone up from zero, case a) above).
Other times you’ll see red and green bars on top of each other, like the 2nd bar from the left here:
[img]http://i.imgur.com/wiMGHmV.png[/img]
That’s cases b) and d) - both buy and sell orders in the price range have reduced.
-
Thanks guys, that’s cleared things up, very helpful.
-
Some exchanges also display trading volume in separate bars. It really helps to understand the market.
-
[quote name=“sl1982” post=“10674” timestamp=“1370621230”]
Simple explanation:Green candle means price went up from last candle. So The price started at the bottom of the candle and ended at the top of the candle at the end of that amount of trading time.
Red is exact opposite, price went down. Started at top and ended at bottom.
The ‘wicks’ or the little black lines show the highest and lowest trades in that timeframe.
[/quote]this is a very good explanation. Its simple red bad, green good.
-
do you understand now?
