Price Bars
In crypto trading, all traders need to know and understand what a price bar actually is because that is what they need to visualize and then analyze the price of any crypto asset on a chart and this price bar usually consists of both horizontals.
Two lines which usually represent the opening price and closes and vertical lines they represent the high and low prices of a given period of time which usually indicate the price range of a crypto asset within a certain period of time.
So in general we can say that price bars clearly represent the highest, lowest, open and close of all crypto asset pairs on the chart at a given time period and we can identify these price bars on the chart to be either red or green but can be changed by which trader and are usually color coded.
The way to see green or red is by checking and seeing whether the closing is above the opening and vice versa, the closing is below the opening, if the closing is above the opening then we can see whether the bar is green and the closing is below the opening and the bar. coloured Red.
| Open : |
|---|
- Usually a small horizontal line (green or red) which is usually located below the left side of the price bar.
| Close : |
|---|
- Usually a small horizontal line (either green or red) which is usually located above the right side of the price bar.
| Height : |
|---|
- Usually located at the top of the vertical line of the price bar.
| Low : |
|---|
- Usually located just below the vertical line of the price bar.
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Your article is very good. Good explained about price bars. I hope you write articles like this in the future. Thank you.
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