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RE: [Algorithm Trading #6] Candle chart from historical data
What do you mean "candle chart"? Can you explain it more in detail? and what is advantage of this candle chart?
What do you mean "candle chart"? Can you explain it more in detail? and what is advantage of this candle chart?
Trading orders are kind of continuous time discrete event. So we may need a lot of data to represent the all order history.
Candle chart is a way of compacting the order history, in such a way that for a certain time (say from 1:00~2:00 am), we record most expensive price, cheapest price and open, close price and trading volume within the time.
There are other kinds of chart such as bar chart or - * chart but nowadays candle chart is most popular.