Glossary
What Is a Candlestick Chart?
A candlestick chart displays the open, high, low and close for each candle interval. TradingLead supports ordinary candlesticks for available instruments and feeds; candle color and shape summarize historical price movement, not a guaranteed next move.
What it means
A candlestick chart turns open, high, low and close observations into a compact visual record. Each candle belongs to a selected interval, such as five minutes or one day.
The body connects the open and close. Wicks show the extremes reached in that interval. Color commonly distinguishes a close above the open from a close below it, but chart styling can change the colors.
How to read one candle
First identify the symbol, source and interval. A five-minute equity candle and a daily index candle answer different questions even when their shapes look alike.
Then read the values rather than relying only on appearance. A long body summarizes a larger open-to-close movement for that interval. A wick records an extreme; it does not, by itself, explain why price moved there.
The newest candle may be incomplete. Its high, low and close can change as observations arrive. Compare completed candles when an exercise depends on a fixed historical value.
Using candlesticks in TradingLead
Choose the ordinary candles view in advanced charts, select an available interval and wait for history. Inspect the chart's OHLC values for the candle you are studying.
Keep the feed visible when comparing charts. A rendered candle is not proof of a real-time exchange observation, and unavailable source history cannot be repaired through styling.
Ordinary candles differ from Heikin Ashi, whose displayed values are transformed for smoothing. Do not treat those views as identical price records.
Limitations
Candles summarize data; they do not supply a reason to buy or sell. Pattern names are descriptions, not outcome guarantees. Missing data, provider delay and session boundaries can affect interpretation.
FAQ
Can I use intraday candlesticks?
Yes, where the selected feed supports the requested interval and history. See timeframes.
Are candlestick charts free forever?
TradingLead has a five-day product trial, followed by subscription access. Check pricing, separately from any provider data charges.
Limitations
- The latest candle can still be forming.
- Feed coverage and freshness determine which observations are available.
- Candlestick patterns are not guaranteed trading signals.
Frequently asked questions
- What do the body and wicks represent?
- The body spans the interval's open and close; the wicks extend to its high and low. The exact visual colors are presentation choices.
- Is a green candle a buy signal?
- No. Under a common color convention it means the close exceeds the open for that interval. That historical relationship does not establish a profitable future trade.
- Does zooming change candle duration?
- No. Zoom changes how many candles are visible. Changing the timeframe changes the interval each candle represents.
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