- #What is the best stock charting software 2017 full
- #What is the best stock charting software 2017 download
#What is the best stock charting software 2017 full
The difference is that instead of using the previous full trading day to determine the volume bar color, the intraday charts use the previous 1-minute or 5-minute period to determine the color of the volume bar. The red/green of the volume lines in the intraday chart works the same way as it does in the end-of-day charts. You can see this by moving your mouse slowly over the chart and watching the date at the bottom of the chart change for each period you move over. The volume bar is the amount of trades that occurred during that 1-minute or 5-minute period. The price line is the price at the end of that period. each bar represents 1-minute of trading activity) the 5-day chart at Yahoo Finance uses 5-minute bars.
In the 1-day chart at Yahoo Finance the period is 1-minute (i.e. That is, each bar represents 1 intraday period of activity. In the intraday charts (1-day and 5-days), the bars are not actually individual trades.
#What is the best stock charting software 2017 download
Download your free copy of StockMarketEye today and start keeping your eye on the markets! StockMarketEye has a wide range of chart styles and technical indicators to choose from. Knowing how each color is used in the different parts of the stock chart will help you interpret their meaning faster and get more out of the chart. For example, if there was a gap up at the open (because of positive company news, analyst recommendation, etc), but the stock moved lower from that point throughout the day, yet staying above the previous day’s closing price, the candlestick would be colored red, but the volume bar would be green.Ĭolors can be useful to help convey extra meaning in stock charts. But on the same day, if the stock moved lower from the opening price, the candlestick would be colored red. Sometimes the candlestick or OHLC’s color will be different from the volume bar’s color.įor example, if the stock finished higher than the previous day, the volume bar will be green. When the Colors differ between the Price Chart and the Volume ChartĪlthough both the Price chart and Volume chart can use green and red to convey meaning, the meaning of the colors is slightly different in each of these chart types. A green candlestick is equivalent to an open candle of the monochrome “Candlestick” chart type a red candlestick is equivalent to a filled candle. the price moved down during the day).Ĭompare that with the monochrome version of the same chart. the price moved up during the day) a red candlestick means that the opening price was higher than the closing price that day (i.e. A green candlestick means that the opening price on that day was lower than the closing price that day (i.e. The next chart shows the “Candlestick Green/Red” stock chart type in action. This same meaning is also visible in the monochrome version of these chart styles, but some investors find the green and red versions help them to interpret the meaning faster. The red and green versions of the Candlestick and OHLC chart styles convey extra meaning through the colors. the open, high, low and closing prices) are drawn. the closing price), the day’s activity is shown as a symbol, in which the day’s 4 data points (i.e. In the Price chart, both the Candlestick and Open-High-Low-Close (OHLC) chart styles convey extra meaning when compared to a simple line chart. A black volume bar means either that the stock closed at the same price that day as it did the day before, or that the chart does not have the previous day’s closing price to compare with (such as in the first volume bar in the chart).
A red volume bar means that the stock closed lower on that day compared to the previous day’s close. A green volume bar means that the stock closed higher on that day verses the previous day’s close. The colors in the Volume chart also have meaning. The taller the bar, the more volume there was on that day. The lower portion of the chart is the trading Volume chart.
The details of the day under the cursor are shown in the top line of the chart area. Moving the mouse over the chart will display the chart cursor. In the example above, the blue line shows the closing values of the stock. The upper portion of the chart is called the Price chart. One quick glance at a chart can give you meaningful perspective on the stock’s past performance and serve as a useful data point in your analysis.Ī typical line stock chart in StockMarketEye looks like this: The visual ups and downs of the line in the chart convey meaning in a way that a table full of numbers can not. Stock charts are a useful way of viewing the historical price movement of a security.