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BARS

Difference between candles and barsHey traders and investors! What is the difference between using candles or bars on a chart? This example clearly shows the key difference. Take note of the closing price of the candle on September 26 (point 8 of the range). On a candlestick chart, this is impossible to understand. On a bar chart, the closing price is clearly visible. The closing price is below the range boundary of 111.34, the trading volume is enormous, and the buyer was unable to break above the range. Now, the price has reached the range boundary of 111.34 for the second time on increased volume, and the seller has absorbed the buyer, forming a buyer's zone at the upper boundary of the range. There is a high probability of further price decline within the short vector 8-9 of the range (potential target 85.92). However, there are threats along the seller's path. You might consider buying at the 98.7 level (if buyer will protect it) or around 84-86. Good luck with your trading and investments!
NASDAQ:MU
by AlexeyWolf
2
TradingView Masterclass: How To Use The Top ToolbarIn this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart: To summarize the chart above, the breakdown looks like this: Top toolbar: Chart tools Left-side toolbar: Drawing tools Right-side toolbar: Community tools Bottom toolbar: Advanced tools Now, let’s dive into each one starting with the top toolbar where you’ll find many of the most important chart tools for all your research needs. Keep in mind that we’ve ordered each item below as if we are moving from the furthest point at the top left to the furthest point to the top right. Let’s begin! Symbol Search (Keyboard shortcut: type the ticker) Open the symbol search at the top left-hand corner to access over 100,000 global assets across equities, forex, crypto, futures, and more. You can find them by their ticker (e.g., type NVDA for NVIDIA Corporation) or by their description names (e.g., type the name Apple to find AAPL stock). It’s also possible to find your favorite symbols with partial searches, that is, to write part of the ticker or description name and then select the corresponding asset in the search results. If you want to filter by asset type, you can select one of the following: Stocks, Funds, Futures, Forex, Crypto, Indices, Bonds and Economy (economic indicators). Time Intervals (Keyboard shortcut: press ,) Select the time interval for the chart. For instance, say you’re looking at a candlestick chart and you choose a daily chart. That means each trading day will be represented by 1 candle. The most common time intervals are: 1m, 5m, 30m (intraday setups) 1h, 4h (swing trading setups) and 1D, 1W and 1M (long-term trading setups). Traders can create custom intervals as well by clicking on the Time Interval arrow and then selecting the specific parameters needed. Don’t forget to add it to your favorites if you want it to be featured in the Quick Access toolbar. Chart types We have more than 15 chart types available to analyze all price movements, including the new HLC area, Line with markers and Step line. Most traders prefer to use Bars, Candles and Area charts, but everyone has a different approach to markets. Be sure to find the chart type that fits your style. Indicators, Strategies, and Metrics (Keyboard shortcut: press /) Indicators, Strategies, and Metrics are designed to provide additional insight and information that may otherwise be difficult to see. We have over 200 technical and financial indicators while also supporting over 100,000 custom scripts coded by our community. The best way to get started here is to start exploring the Indicators, Strategies, and Metrics menu as soon as possible. Indicator Templates Here, you can save your custom indicator setups so that you can load them at any point in time. This tool is essential if you utilize different forms of analysis. For example, if you chart technicals and fundamentals, you can make two separate templates that can be loaded at any point depending on your need. Alert (Keyboard shortcut: Alt + A) Alerts are used to create custom price alerts. Instead of watching markets 24/7, go ahead and create an alert at a precise level and then wait for that alert to trigger. Let our alerts do the heavy lifting. They’re always watching markets for you. It is also possible to configure them different notifications so that you can be alerted through email, our free app or with a webhook. Bar Replay Bar Replay is a powerful, yet simple tool for backtesting. All experience levels can use Bar Replay for backtesting, practicing or learning about price history. To get started, click the Bar Replay button and then select a historical moment to rewind the chart backward to that point in time. Then, you can press play or pause, and retrade that moment to see how your strategy performs. Undo/Redo Scroll (Keyboard shortcut: Ctrl + Z / Ctrl + Y) Any changes made to the charts such as drawings or indicators can be deleted or recreated. This works just like a Word document you might create on Microsoft or Google. Use the keyboard shortcuts to quickly undo or redo specific actions. Multi-chart Layout If you have an Essential, Plus, Premium, or Ultimate plan, you can analyze multiple charts on your screen at the same time. Simply choose one of the available layouts from the menu to get started. You can also synchronize symbols, intervals, crosshairs, time and data ranges with the selected layout. Manage Layouts Create, rename and load all the layouts that you save. You can also share your layout and enable the autosave option, which is very handy so that all of your work is saved automatically. Managing your layouts is an essential part of your analytical process because it enables multiple different chart layouts to be accessed as quickly and easily as possible. Quick Search Need to find a function or tool on your chart? Open and use Quick Search to do that. The name of the tool is just as it can be used: quickly search for the things you need to edit, add or remove on your chart, and do it in a flash. Chart Settings This is where you can customize all of the fine details about your chart. The Chart Settings menu has everything from the chart color, to the gridlines and labels, the text of the scales, and more. Fullscreen Mode (Shift + F) When this is enabled, you will see only the chart. To exit Full screen mode, click ‘Esc’. Snapshot and Publish Here you can download your charts as images, copy links, share tweets, publish ideas, create live streaming video content, and comment on assets with our latest feature Minds. If you want to share your expert analysis or get feedback from others, you’ll surely want to learn how these social tools work. Go ahead and give it a try - join our community of traders. Thanks for reading and we hope this post helps all traders and investors. Whether you’re an experienced professional or someone just getting started, we plan to create more guides like this to ensure you know how to maximize the features on our platform. Next week, we’ll share part two of this series, and cover the drawing tools menu on the left-side of the chart. - Team TradingView
NASDAQ:NVDAEducation
by TradingView
40
Educational: Renko Charts Explained The Renko chart is a potent tool that has grown in favor among technical analysts. Renko charts, which are derived from the Japanese word "renga," which means brick, offer a distinctive viewpoint on price action by ignoring the concept of time and concentrating only on price changes. This publication will explore the idea of Renko charts, explain how they're made, and show you how to use them to your advantage while making trading decisions. 🔷What are Renko Charts? In contras to traditionally candlesticks or bar charts Renko charts do not track price movements by time but instead use bricks or ‘blocks’ of the same size, Each bar on the daily timeframe chart here requires a price movement of 150 pips in order for a new bar to be formed. It does not matter how long it takes a new bar will not form until price price moves either 150 pips from the previous bar up or down. 🔷Renko Chart Construction: Tradingview constructs Renko bars by the following steps -Determine the brick size: The brick size represents the minimum price movement required for a new brick to form. -Identify the brick direction: By contrasting the closing price of the current brick with the high or low of the prior brick, one can establish the direction of the brick. A new brick is created if the closing price is higher than the previous brick's high or low by the brick size. -Plotting the bricks: The bricks are plotted on the chart, with each brick representing a fixed price range. The bricks are typically color-coded, with green or white bricks indicating bullish movements, and red or black bricks indicating bearish movements. 🔷How to use Renko Charts: Identifying Trend: Renko charts are useful for spotting trends since they eliminate distractions and concentrate only on meaningful price changes. A series of rising bricks indicates an uptrend, whereas a series of falling bricks indicates a decline. Moving averages or trendlines can be used by traders to verify the trend's direction. Breakout Trading: Breakout patterns can be found using Renko charts. When a fresh brick forms in the opposite direction of the prevailing trend, a breakout occurs. Can also be used for continuation breakout in current trend as well. Trade management: By giving a clear visual picture of price changes, Renko charts can help in trade management. Traders can keep an eye on the growth of new bricks and modify their trailing stops or stop-loss levels accordingly. By excluding noise from time intervals and concentrating only on noteworthy price moves, renko charts provide a distinctive viewpoint on price action. Renko charts help traders more accurately spot trends, support and resistance levels, and breakout patterns. However, Renko charts shouldn't be utilized alone, just like any other technical analysis tool. To improve trade decisions and manage risk effectively, they should be used in conjunction with other indicators and tools. Renko charts can be a useful addition to a trader's toolset with training and the right understanding, giving them a competitive edge in the volatile world of financial markets. You can access Renko charts on Tradingview by using the chart type dropdown and selecting Renko charts.
Education
by ChristopherDownie
🟨 Weekly Charts for ScreeningWhy look at weekly charts? We look at weekly charts because it reduces volatility when scanning for stocks. This is especially important during bear markets when the stocks are more volatile. What do we want to see? Base depth no more than 30% Close on the weekly bars near the highs Closes are tight (about 1-1.5% of each other) Peak closes on weekly Big Volume on the Up Weeks Lower Volume on the Down Weeks (compared to the Up weeks) RS Line near highs while stock is still in base Here are some of the stronger names I see today: $HALO, $PODD, $PI
NYSE:CFEducation
by TintinTrading
3
The Rudolph strategy When I have turned on the gaussian channel, I switch to bars instead of candles. When the bars light up red on the 2 week is a good buying opportunity. Right now, it's flashing red on the 3 weeks as well, which is of course even better :) What it basically means is that the bars are closing below the median line of the gaussian channel. It does not mean it can't go lower. It just means that it's an indication of a good buying opportunity historically speaking.
INDEX:BTCUSDLong
by kjetilt
USOIL Bars Pattern IdeaIf a deleveraging like 1999 is happening, perhaps we will see 1999-2008 in oil play out in a similar fashion? Not saying it will or won't happen, but it currently looks like oil is setting up momentum for a future breakout. I copied the bars pattern from 1999 to 2008. Maybe it's too bullish? Or maybe not bullish enough. I would venture to say that it seems so much worse than 1999, the prediction isn't bullish enough, but I'm not sure. What do you think? Good luck and don't forget to hedge your bets :)
TVC:USOILLong
by fringe_chartist
53
Explaining Bars, Graphic Guide Part 8As one of the most popular types of business charts, a bar chart provides a lot of information to technical analysts. As a result, it enables traders and investors to come up with thoughtful trading strategies, designed to take advantage of the market, allowing traders and investors to profit from different values. To better understand a bar chart, you must learn its different parts. High - is at the peak of a single bar. Represents the highest price for the day or time period you are using. Open - This is the first price a security first trades at and only occurs when the stock market opens for trading. This is represented by a horizontal bar near the foot of the vertical bar. Low: As the lowest price traded during the day, it is at the foot of the vertical bar. Close: As the last traded price of the day, it is represented by a horizontal bar that projects towards the ad on the right located near the top / peak. During this time, traders are supposed to exit a trade or complete transactions before the market closes. Direction: The bar graph indicates the direction and is represented by the opening and closing feet. What you need to know is that if the opening foot is above the closing foot, it indicates upward progress. When the closing foot is below the opening foot, this indicates that the price has moved down. Range: is represented by the location of the top and bottom of the vertical bar. The Range value is calculated by subtracting the minimum from the maximum. A bar chart belongs to OHLC charts or Open-High-Low-Close chart types and as such is formed through the connection of a series of price points. As a result, the chart is plotted on the X and Y axes. The X axis represents time which is represented in terms of days, while the Y axis represents price. Bar Chart (OHLC) OHLC = Open,High,Low,Close Well, for simplicity, let's look at an example of the OHLC bar. Now let's see how this bar is created: The first thing that forms is the horizontal bar that appears on the left side. Then a vertical line begins to form that will be in motion for the duration of the time interval that we have chosen. The upper end of the bar will be the maximum price, while the lower end will be the minimum price. Finally, once the vertical bar is formed, a horizontal line will appear on its right side that will indicate the closing price of the bar. Let's remember. Always, always, the opening price is on the left, regardless of whether it is above or below the horizontal line on the right. If the horizontal bar on the left is below the horizontal line on the right, we will say that it is a bullish bar, since the price has closed above the one it opened. On the contrary, if the bar on the left is above the bar on the right, we will say that it is a bearish bar, since the price closed below the opening price. Let's better see an example of each one: The left horizontal line informs us of the opening The right horizontal bar informs us of the closure Finally, comment that there are different types of bars and sizes. It is possible that the opening and closing prices are the same, or that the bar has no maximum or no minimum or, absence of both. What we have to be clear about is that it will always have a price that opens and another that closes the bar. Here are some examples of bars for clarification. 1- Opening and closing at the same level without any movement occurring. 2- Opening and closing at highs 3- Minimum opening and closing 4- The closing coincides with the minimum 5- Opening at the maximum 5- Open coincides with the high and close coincides with the low 6- The open and close coincide, but the bar makes lows and highs There are more types of bars, for example with the opening at the lows and the closing at the highs, among others. Finally, although the bar chart provides us with all the price information, it has the disadvantage of not being so visual and can be confusing if we are not used to it. Bar Features: It is a unit of measure within different trading platforms. Considering it more or less the size of the predetermined time. You are looking at a 1d period graph. The Bar will have the value of 1d. Period. If you see it in graph 1min, the bar will have the value of 1min. - Bars in 1d time. - Bars in time 1min. If we realize Bars does not have "Shadows" they are only lines which already includes the shadow within its line and its crossing to the next Bar would be the closing price. This would be a way to see at which closing price for more accuracy. In any case, you are not interested in seeing the shadows and only visualizing the movements of the asset's value. Keep in mind that this is a guide that I am developing from the most basic, until I advance to where I know, if you are interested, follow me.
BINANCE:BTCUSDEducation
by UnknownUnicorn18500526
2
$CASI KST Buy Signal CASI Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes pharmaceutical products and various therapeutics in China, the United States, and internationally. The company's product pipeline includes EVOMELA, a melphalan hydrochloride for injection primarily for use as a high-dose conditioning treatment prior to hematopoietic progenitor cell transplantation in patients with multiple myeloma. Its product pipeline also comprise CNCT19, an autologous CD19 CAR-T investigative product for the treatment of patients with B-cell acute lymphoblastic leukemia (B-ALL) and B-cell non-Hodgkin lymphoma; CID-103, an anti-CD38 monoclonal antibody being for the treatment of patients with multiple myeloma; ZEVALIN, a CD20-directed radiotherapeutic antibody, to treat patients with NHL; and Thiotepa, a chemotherapeutic agent, which has multiple indications including use as a conditioning treatment for use prior to hematopoietic stem cell transplantation. In addition, the company offers MARQIBO, a microtubule inhibitor, approved by the FDA for the treatment of adult patients with Philadelphia chromosome-negative ALL; and Octreotide LAI formulations for the treatment of acromegaly and for the control of symptoms associated with various neuroendocrine tumours, as well as developing a portfolio of 25 FDA-approved abbreviated new drug applications. It has licensing agreements with Black Belt Therapeutics Limited; Juventas Cell Therapy Ltd.; Pharmathen Global BV; and Cleave Therapeutics, Inc. The company was formerly known as EntreMed, Inc. and changed its name to CASI Pharmaceuticals, Inc. in June 2014. CASI Pharmaceuticals, Inc. was founded in 1991 and is based in Rockville, Maryland.
NASDAQ:CASILong
by UnknownUnicorn19246015
CANDLSTICK or BARS. What common?There are public rules for graphing price movements on the charts of various market assets. There are two main types of designation: Candles They were invented by the Japanese rice merchant Homma Munehisa, which is why they got the name - Japanese candles. The candlestick gives information about deals within the selected period: - Opening - the initial price of the period, the price of the first deal. - High - the maximum price of the period - Low - reasonable price of the period - Close - the closing price of the period, the price of the last deal. - The bod y of the candle is the distance between the open and close. - Candle shadow - deviations from the opening and closing prices, maximum and minimum values ​​of prices. Depending on which direction the price went: rose or fell - the candlestick can be bearish or bullish. Bars This type of image is not much different from candles. They consist of exactly the same parts and display all the same information. The bar is rather a more compact candlestick image. Instead of a full-fledged "body", only a vertical stroke is displayed. What kind of depiction of price movements do you prefer? Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
22
My VOLUME BASED layout below including VOLUME STRENGTH CANDLES Layout www.tradingview.com volume strength candles //StokedStocks Volume Strength Candles / Bars (VSC) //Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback / Length (Strong or Weak Bulls // Strong or Weak Bears) //Candles / Bars Indicate the Following (default 13 period lookback / Length) //MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume //RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak //ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) //DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback //GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length //AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback //Is price confirmed by volume? //Can Change the Lookback / Length from 13 //Can Change the Colors and Transparency I recommend ZERO Transparency to easily identify volume strength
CME_MINI:ES1!
by stokedstocks
AAPL "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
NASDAQ:AAPL
by stokedstocks
1
FB "Volume Strength Candles / Colored Bars" **NEW INDICATOR**Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback (Strong or Weak Bulls // Strong or Weak Bears) Candles / Bars Indicate the Following (default 13 period lookback / Length) MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume RED Bear Candle while VOLUME is BETWEEN 50% & 150% of the Lookback / Length (13 default), Neutral Bear Volume Neither strong or weak ORANGE Bear Candle with WEAK VOLUME (Less than 50% of the Length / Lookback) DARK GREEN Bull Candle with STRONG VOLUME MORE than 150% of lookback GREEN Bull Candle with Neutral VOLUME BETWEEN 50% & 150% of the lookback / Length AQUA Bull Candle with WEAK VOLUME less than 50% of the Lookback Is price confirmed by volume? Can Change the Lookback / Length from 13 Can Change the Colors and Transparency to easily see based off your chart background colors I recommend ZERO Transparency to easily identify volume strength (i use white background but many use black or other)
NASDAQ:META
by stokedstocks
DXY: Dollar bulls building pin bars ahead of next rallyDXY: Dollar Index DXY is up and down like Harvey Weinstein's pants. But those series of pin bars forming over the course of this week shows serious support for the dollar at 94.41. This whipsaw can persist a little longer and cause havoc with positions (as in Gold, and across the pairs) and it's why it helps to keep an eye on this chart if trading any pair against USD. DXY continues to unwind the overbought conditions of last week by moving sideways between 94.82 short term resistance and 94.41 short term support...but those pin bars are showing that ulimately the break will be to the upside. Intend to keep accumulating Dollar longs on each test of 94.41 and increase once 94.90 has been broken on next minor pull-back towards 94.80.
TVC:DXYLong
by sumastardon
Bar IndexThis indicator graphically displays the results of simple coding which assigns a value to various simple patterns (close > previous bar close, close > open, higher high, reversal, doji, close at high of bar or at low of bar, 25% bull or bear tails, etc.). The intention behind it was to give an instant graphical representation of each bar one bar at a time to help in evaluating them during live trading. It is not designed as any sort of holy grail or even as an aid to generate signals per se, rather it shows information about each bar in a very easy-to-instantly-grock format, namely a simple histograph. Bullish bars plot positive value above the zero line; bearish bars plot negative values below the zero line. Some bars have both bull and bear counts. There is one trend value in there which goes against the philosophy somewhat, namely the vwap: above the vwap is one point, below is -1 point, so it just provides a small trend bias to each bar. If you don't like it, take it out!
by AshHowes
2
XAUUSD - Beware of the hanging ManNext graph will show why we did not trade the daily pin bar that formed last week. That pin bar on the daily chart was actually a hanging man candlestick. For those of you who don't know what a hanging man is, it's basically a pin bar that forms at a swing high or low. The difference between this type of pin bar and the pin bars we want to trade is that the hanging man is inverted. It also typically occurs at support or resistance. The hanging man doesn't mean the bulls have definitely lost control of a rally, therefore we don't use it as a sell signal. Instead we use it as an early warning sign that the rally may be coming to an end. See below Gold daily chart of the hanging man: (Also note the three inside bars on the daily chart) See how to trade our Inside Bar Strategy
FX:XAUUSDShort
by BambooGrowth