Candlestick has the meaning of a candlestick and has a shape like a candlestick. On a candlestick chart, the bar is called the body, and the axis is called the shadow. You can choose several time frames that will describe each candlestick. If the time frame is fifteen minutes, it means that one candlestick describes the price movement within fifteen minutes.

Now, in one candlestick, you can immediately get four information, namely: the initial or open price, the closing or closing price, the highest price, which is high, and the lowest price, which is the low on the time frame.

Then, you can also see that the candlestick has two colors, namely green and red. A green candlestick means a bullish candle, because the closing price of that period closed higher than the opening price, or which means close > open (close is greater than open).

In addition, a red candlestick means a bearish candle. This indicates that the period closed with a lower closing price than the opening price, or which means close < open (close is smaller than open).

So, when the price is opened at OPEN, the price will then move to the highest level, which is HIGH and to the lowest level at LOW. At the end of the course of the period, the price will close at the CLOSE level. Because the close level is higher than the open level, the candle color will automatically be green. If the open level is higher than the close, then the color of the candle is red.

Well, the axis above will be referred to as the upper shadow, this is a trace of price’s journey to its highest level in that period. Meanwhile, the wick below the candle is referred to as the lower shadow, which is a trace of the price’s journey to the lowest level in that period!

An example of how to read it:

Starting from the BTC/IDR chart which is located at the top left of the page, this chart means the Bitcoin chart against the Rupiah currency taken from the indodax.com website. Then, the number fifteen explains that from every fifteen minutes, each candlestick describes the price movement for fifteen minutes. As you can see, the last candlestick closed on the fifth of November at nine o’clock West Indonesia Time at a price of eight hundred eighty seven five hundred million Rupiah (887,500,000), and the green one which means the candle is bullish or the close is greater than the open in the period that!