I'm a begginer, so I didn't quite understand what you mean.
I'll explain my problem in more details:
because I thought that If I use the high and low values - I might get contradicting trends by looking at them.
Suppose the chart contains several candles with the same closing and opening value but their high values increase until time X and decrearse after it, while their low decrease until time X and increase after it.
This will give us in time X a low point when looking at the low values but a high point when looking at the high values, so which is it?
If I'll look at the closing value of a candlestick which can be a high point and there's a candlestick that close a little lower, but its high value is higher than the first candlestick, which of them should be considered as the high point?![]()
As the leopard said, the high of the candle is the high. Is this not self-explanatory? Average of the high and low would be the middle.
wait...
Suppose that I'm looking for a up trend.
For this I need to find a low point in the graph and then a higher more recent low point and the same for high points.
(this is what I learned).
So if I look at the graph composed of high values of the candlesticks I might get a different result than the one I'd get by looking at the low values of the candlesticks.
In the picture I attached - if you use the "high" values you'll get a high point but if you use the "low" values, you'll get a low point.
so which is it?
This is why I understood I should use a value which somehow represents the candlestick and it doesn't really matter how.
Did I get it right?
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