Understanding White Candlesticks

Understanding White Candlesticks : White candlesticks represent a positive rise in the price of a security over the period under review. The body of the candlestick is usually shown in white on a candlestick series chart to show that the net result of the period's price action was upwards. However, with some technical charting systems, the trader may have the option of choosing a specific color, such as blue or green, to represent price gains. Typically, a candlestick shows the open, high, low, and close of the security over a specified period of time (eg., weekly, daily, hourly, etc.). The high and low is indicated by the two strands at each end of the body. The body includes the distance between the opening and closing prices of the period. Therefore, the candlestick marks show the price range that the security has reported during a single period.