Amibroker Price Charts

AmiBroker can display the prices using:

line chart
this mode is used when current symbol uses price fixing and only close price is available
traditional bar chart
this mode is used when continuous trading is enabled, but open price is not available (or equals to
close price)
Japanese Candlesticks
this mode is used when continuous trading is enabled with open/close/high/low data
A line chart is the simplest type of chart. One price (close) is plotted for each time period. A single line
connects each of these price points. The main strength of this chart type is simplicity.
Bar charts are one of the most popular types of charts used in technical
analysis. For each trading day a vertical line is plotted. The top of the vertical line indicates the highest
price a security traded at during the day, and the bottom represents the lowest price. The closing price is
displayed by the mark on the right side of the bar and opening prices are shown on the left side
of the bar.
Developed by the Japanese in the 1600s, candlestick charts are merely bar charts that extenuate the
relationship between open, high, low and closing prices. Each candlestick represents one period of data
(day-week) and consists of an upper shadow, lower shadow and the body. The upper shadow is the
highest price that the stock traded at for the period while the lower shadow represents the lowest price.
The candlestick body is black when the close is less than the open or white when the close is greater than
the open. The top of the body is the opening price if the candle is black and the candle is referred to as a
long black candle. If the candle is white, the top of the body is the closing price and the candle is referred
to as a long white candle.
Steven Nisons articles that explain Candlestick charting appeared in the December, 1989 and April, 1990
issues of Futures Magazine. The definitive book on the subject is Japanese Candlestick Charting
Techniques also by Steve Nison.
There are many different candlestick formations. Some are considered to be minor formations while
others are major. Candlestick charts dramatically illustrate supply/demand concepts defined by classical
technical analysis theories.