Investopedia

Continue to Site »

White Candlestick

Filed Under » ,
Dictionary Says

Definition of 'White Candlestick'

A point on a candle stick chart representing a day in which the underlying price has moved up. Candlesticks will have a body and usually two wicks on each end. The bottom of the white body represents the opening price and the top of the body represents the closing price. The top and bottom tips of each wick are the day's highest and lowest price respectively.

Also known as an "open candlestick."
White Candlestick
Investopedia Says

Investopedia explains 'White Candlestick'

Candlestick charts are primarily used by technical traders because of how quick a day's price movement is conveyed. There are many formations which can be used as a buy, sell or hold indicator.

Red/black candlesticks represent a downward movement for the day, which are opposite of white candle sticks.

Most charting software will allow you to change the colors of these candles. Even though white is the common color for this type of candlestick, any color can and is used by traders.

Related Video for 'White Candlestick'

Articles Of Interest

  1.

    Candlestick Charting: What Is It?

    Discover the components and basic patterns of this ancient technical analysis technique.

  2. Candlestick Charts

    Learn more about this common visualization of a stock's price movement most often used by technical analysts.

  3. How To Become A Successful Forex Trader

    Discover a framework that will help you build your own profitable forex trading strategy.

  4. The Basic Language Of Candlestick Charting

    If you want to use candlestick charting to get a sense of where a stock is headed, you need to learn how to read this unique charting language.

  5. Candlestick Charting: Perfecting The Art

    Take a look at continuation patterns and how they can confirm or deny trends.

  6. Candlesticks Light The Way To Logical Trading

    Crowd psychology is the reason this technique works. Find out how to make it work for you.

  7. Candle Sheds More Light Than The MACD

    Read the case against this well-established indicator.

  8. Star Formations Spotlight Luminary Trades

    Morning, evening and doji stars will have you basking in better trading profits.

  9. Western Line Vs. Candlestick Charting

    These methods both have their merits, but they may be strongest when combined.

  10. Heikin-Ashi: A Better Candlestick

    Enhance trend isolation and prediction of future prices with this technique.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center