All language subtitles for 7. Other Price Bars

So the open, high, low, close price bar is the foundational price bar, but there's different ways

you can look at price graphically and visually as well, too.

And we'll show you some examples of that.

And you might use different types of price bars that you can tell on your platform to basically reflect

the chart the way you want it to look.

You're the painter of the canvas, so to speak, so you can make the chart look the way you want.

That might be easier to interpret.

And there's some price.

Bars are better than others, too, and particularly things like candlestick price bars.

We have a whole section coming up on that.

And that's a real, real important section, understanding those price bars and those price bar patterns

with candlesticks.

So we're going to save that for that section.

But here are some examples of some different ways that you can look at price bars beyond just the open,

high, low, close foundational price.

Bar one that's very common is the HLC bar, which should look pretty familiar is the high, low and

closed bar is basically missing the.

Oh, it's missing the help.

Right.

And if we look at the one on the left there of these are two examples, by the way, of high, low,

close bars.

And the one on the left is pretty obvious.

You can see there's no Techmark on the left side of the vertical line.

There's no indication of the open.

There is an indication of the close.

And that's the tip bar on the right in the range, the high and the low, but no indication in the open.

And that's why the reason for that is that folks really aren't all that concern for many cases around

the opening.

They're really fixating more on the closing price, you know, giving more emphasis to that.

So if you're like that, you can use clean up to try a little bit better.

You can use an HLC or low close.

Sometimes you might see it represented like on the right where they kind of put a where it looks like

there's a tick mark on the left.

There essentially is, but it's a straight, solid line across.

And so really make the close kind of stand out more.

You can see there's no body or there's no left cheek markets.

This the same left and right now can get a little confusing because it might tell you that the opening

and the close were the same.

But if you set it up as and you know, it's a high, low, close bar, you can use that type of look

if you prefer that look and just know that there's not no openings being reflected in that at all.

Now, when we look at candlesticks, you might see some candlestick patterns actually look like these.

So you have to kind of differentiate between the two.

You know, we're open in the clothes are at or near the same price.

But this example of HLC bars, there is no open is just another way represented.

That's why I particularly me personally, I like the way on the left because it's real clear to me.

But if you like the way on the right, that's OK, too.

You know, other ways that you can represent price as well are things like an area chart, for example,

where you're, you know, looking at, you know, things like, you know, how does it look in terms

of the in terms of like, you know, pricing things out and then having, you know, kind of shaded

underneath the price.

So if you look at it almost looks like a mountain range and you can see that it's the more that it's

more a kind of visual in terms of that aspect.

But, you know, it doesn't really clear out the lines, I think, as much as far as the the on the

prices, there's really show opens and closes is really just kind of showing you closes and it kind

of shows to some peaks and valleys.

So that might be a way to look at, let's say, an area chart below that.

You can see where it's just dots.

It looks like it's a scatter diagram of dots, but it actually isn't.

It actually is.

The closing price has just represented as dots and you can kind of get a feel for where the lines might

move from there.

But, you know, that can seem a little more confusing to me.

Just as far as a personal opinion on the bottom.

Right, you'll see a real common is Carlyn chart.

And you can see it's got black lines and red lines.

Black would represent, you know, in this case, you know, that the finished higher, the the high

or the close was higher than the open and red means.

There was a down day there.

They closed lower than the open.

So you get a feel for open and close with the colors that way in line charts can be helpful when we

start looking at things like moving averages.

And we're going to look at an indicator where you look at moving averages and that's a itself and you

want to look to see where that line crosses across different price things.

And sometimes line charts can be very helpful to see where that crossing point is.

And then the one above, there's another line chart just using, you know, dots basically to represent

the pricing that way.

So you can kind of choose the way that you like to see things represented.

There's also price histogram.

So which are, you know, bars going up and down.

They're showing basically the price and it would be at the top of the bar.

It would be the high price or the closing price set up a typical closing price and the black Barbie

opposite me and red bar would be that was a lower day.

And you kind of see, you know, some direction, things from that.

As far as a price histogram, again, I don't like that.

It doesn't show me a lot of information, but some some things histograms can be real effective, like

when we talk about the relative strength index, an indicator we can use a histogram to make it more

easier to understand.

And I'll show you that so you don't have to worry about that.

But.

Typically, what you're going to see are those open, high, low, close price bars or high, low,

close, depending what you want, maybe a line bar to or line a line bar price bar to show where there

might be a crossover.

And then the real big one that you're going to probably use a lot and really see a lot are candlesticks.

Here's a representation of the candlesticks and you can see they look like candles with a body and in

a wick at the top, some of the wick at the bottom at both ends.

So that's coming up.

And that's a section you definitely want to really, you know, look closely at when we get the candlesticks,

which is really, in effect, another form of price bar based, again, on the foundation of the open,

high, low and close price bars.

But they can tell you a lot more and really are very helpful for technical analysis.