A candlestick chart is primarily used to illustrate or visualize the price movements of a Securities, Derivatives or Currency Pairs against Time. Each candle represents the range of movement in price over a specified interval of time. It is often used charting technique for technical analysis of equity and currency prices.
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Candlestick charts were developed in the late 1800s. by a Japanese rice trader of financial instruments Munehisa Homma. Afterwards, Mr. Steve Nison has introduced this great charting technique to western world in his book.
Candlestick charts are a very helpful for decision making in different investment business.
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