Candle BodyTechnical Analysis
A candle body displays the distance from the chart’s open to the close, and also controls the color of the bar displayed. There are 2 potential color combinations for a candle body, based on green and red or black and white.
For Bullish days where prices increased (close higher than the open), the candle body is hollow in appearance, displaying white with a black outline. In colored mode, the candle body is filled with green. For days where the price decreases (close lower than the open) the body is filled with black or red in colored mode. Note that in black and white, black filled bars may appear bigger than their equivalent white bars.
The size of the candlestick also displays substantial trading information about the day. The longer the body size, the wider the price between the open and closing prices, displaying substantial dominance of buyers (if close was above open) or sellers (if close was below the open). A smaller body width has low amounts of difference between the open and close, indicating evenly matched buying and selling, or market indecision. Don’t look to the body to be an accurate display of overall volatility. Instead of the body, the “shadow” or “wick” is a better representation of price movements throughout the day.
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