Candlestick vs. Bar Chart: Which is Better for You?

[Suba]

Candlestick charts and bar charts are the most popular and widely used chart types among traders.

Candlesticks are displayed in a variety of colors to reflect the psychological state of traders during a trading period. Candlestick charts show the highest and lowest positions. Red candlestick bodies indicate bearish prices, while green candlesticks indicate bullish prices.

Although bar charts and candlesticks have similar components and functions, bar charts appear simpler, with only vertical and horizontal lines and no wide bodies.

The main difference between candlesticks and bar charts is the price difference being analyzed. Candlesticks focus more on the difference between the current open and close prices, while bar charts focus more on the difference between the open and close prices within the same period.

 

[mrki444]

Bar chart is bette for me. Some how candle stick is not good. It looks more complicated. From two, best is line chart.

 

[eLdavis]

I think the candlestick is a lot easier to understand compared to the bar chat or any other chat and it's commonly used.

 

[Webster]

It looks more complicated.

That is true, but once you understand how a candlestick works in finance, they become a great tool in determining whether to buy/sell, when & how much, etc.,etc.

 

[Kross]

I am more inclined to statistics. That's why I a more comfortable with bar charts for my crypto analysis.