## candlestick open = close

This is a discussion on candlestick open = close within the First Steps forums, part of the Reception category; Hi. Just wondering something about candlestick. If i made a daily chart of candlesticks. Open-High-Low-Close. Isin't the close-value = the ...

 Jun 26, 2012, 2:47am #1 Joined Dec 2011 candlestick open = close Hi. Just wondering something about candlestick. If i made a daily chart of candlesticks. Open-High-Low-Close. Isin't the close-value = the open-value next day? Example. Code: ```Date Open High Low Close 2002-06-25 121.68 122 121.37 121.53 2002-06-26 121.53 121.9 118.95 121.71 2002-06-27 121.71 120.3 119.19 119.41 2002-06-28 119.41 120.36 118.36 119.47 etc```
Jun 26, 2012, 2:51am   #2

Joined Sep 2008
Re: candlestick open = close

Quote:
 Originally Posted by Persson121 Hi. Just wondering something about candlestick. If i made a daily chart of candlesticks. Open-High-Low-Close. Isin't the close-value = the open-value next day? Example. PHP Code: ``` Date                   Open                 High     Low              Close 2002-06-25    121.68            122            121.37    [B]121.53[/B] 2002-06-26    [B]121.53[/B]    121.9    118.95    [B]121.71[/B] 2002-06-27    [B]121.71[/B]    120.3    119.19    [B]119.41[/B] 2002-06-28    [B]119.41[/B]    120.36    118.36    119.47 etc  ```
NO.
It CAN be, but rarely is. 2 different prints at 2 different points in time.

Peter
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I'm not into Fundamentals. I'd trade anything for T & A
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 Jun 26, 2012, 3:42am #3 Joined Dec 2011 Re: candlestick open = close But think that May 1 starts at 100. High is 105 and low is 95 and close is 101. Next day at May 2, the start is 101 and low is 94 and high is 120 and close is 102. Then May 3 start is 102 etc... May 2 cannot start at 104 beacuse close at the closing is 101. Also start should be exactly the same as close from the next day IF.....we made daily charts in candlesticks.
 Jun 26, 2012, 4:01am #4 Joined Sep 2008 Re: candlestick open = close EVERY daily candle has an OPEN, HIGH, LOW, CLOSE (OHLC) Open a chart, set it up as daily candles and look at the close of one day and the open the next day. They are 2 different days, 2 different points in time, the OHLC is relative to THAT candle only. Better yet check the close of a Friday candle and see that is is not the same as the open of a Monday candle. Peter __________________ ************************************************** ********************* I'm not into Fundamentals. I'd trade anything for T & A ************************************************** *********************
 Jun 26, 2012, 9:22am #5 Joined Jun 2004 Re: candlestick open = close and cant they Gap pete ? __________________ i've been developing forex strengthmeters for over 11 years - if you have questions or want to discuss Vendor products ask me for help ! What is a Forex Strengthmeter ? http://www.trade2win.com/boards/fore...rs-basics.html The FXCorrelator - All my Indicators & simple systems http://www.trade2win.com/boards/fore...ml#post2197030FXCorrelator.com is being updated .....so watch this space
 Jun 26, 2012, 10:44am #6 Joined May 2003 Re: candlestick open = close It can all get a bit confusing. For UK equities, for example, it's general from most providers that the close is the "official" close mid-price (set after the post market auction period) and the open the "official" opening mid-price (set after the pre-market auction period). Hence gap openings. For the FTSE index the official rule is that yesterday's close = today's open. Some providers stick by that (hence no gap opening), whilst others try to reflect the trading reality by taking the FTSE value a minute or so after the open. Hence a gap opening usually).
 Jun 26, 2012, 1:14pm #7 Joined Dec 2011 Re: candlestick open = close .