What are candlestick charts?

Information on understanding and navigating Slingshot candlestick charts.

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Written by R
Updated over a week ago

Candlestick Charts

Candlestick charts let you see the change in price for selected time intervals.

  • The width of the candlestick corresponds with the time interval selected: 5 minutes, 30 minutes, 1 hour, 4 hours, 1 day, or 1 week.

  • The height will determine the open, close, high, and low prices, as well as volume, for the selected time interval.

Hovering your cursor over a candlestick bar will display the details for that bar above the chart.

  • Open Price (O): The price at the start of the time interval

  • High Price (H): The highest price reached during a time interval

  • Low Price (L): The lowest price reached during a time interval

  • Close Price (C): The price at the end of the time interval

  • Volume (V): Number of tokens swapped during the interval

Open and close prices

The open and close prices are the prices at the beginning and end of the respective time interval. They define the body of the candle.

If the open price is lower than the close price then the price went up during the respective time interval and the candlestick is colored green. If, on the other hand, the open price is higher than the close price, the price went down during the respective time interval and the candlestick is colored red.

  • Green: Open Price < Close Price

  • Red: Open Price > Close Price

Wicks

The lines that are extended above and below the body of the candle are called wicks. The wicks represent the High Price and Low Price reached during the respective time interval.

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