I'm experienced with candlestick chart trading and Ichimoku and all that good stuff. But for the life of me, I can't understand the difference between filled-in and hollow candles. I've read many articles such as this one about it, and my eyes just glaze over.
I understand that red candles (in typical Western candlestick coloring) denote a lower close than the opening, with the wicks showing top and bottom intraday price. And black or green denote a positive move in the other direction.
But on a candlestick chart of PNW, for example, nearly all positive candle are hollow black, with only a few (May 2, Aug 26, Sep 4) being filled in black candles. On the downside, 99% of the red candles are filled-in red, with only a few (Aug 14. Jul 18) being hollow red.
I hope someone can clue me in as to what information hollow vs filled candles communicate other than what, say, OHLC bars would communicate
Submitted September 05, 2024 at 12:17AM by peterinjapan https://ift.tt/FxIjSMY
