A Wealth of Knowledge
A Candlestick chart was developed by a Japanese rice trader, each candle consist of the following information: high, low, open, close. It is a widely used chart as it shows the most information and in a more graphical format. In fact, it shows the same information as the bar chart. However the reason why it is mostly used is that it is easier to differentiate candlesticks themselves, their body, wick etc. A bar chart is not as exciting as a candlestick chart. It is not easy to tell whether a candle is either a hammer or a spinning top or a Doji in a bar chart.