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🕯️ What is a Candlestick

Each candlestick shows price movement during a specific time period (in this case, 4 hours).
It contains four key prices:

Open

The price when the 4H period started

Close

The price when the 4H period ended

High

The highest price reached within that 4H

Low     

The lowest price reached within that 4H

  • When Close > Open, the candle is bullish (green) — price going up.
  • When Close < Open, it’s bearish (red) — price going down.

đź§© How Small Candles Form the Big Candle

Inside one 4H candle, there are many smaller candles

(like 15-minute, 30-minute or 1-hour).

In this image:

  • The left side shows multiple smaller candles’ ups and downs.
  • All of those smaller candles’ movements combine to form one large 4H candle.
  • The 4H open is the first small candle’s open.
  • The 4H close is the last small candle’s close.
  • The 4H high/low are the highest and lowest points reached among all the smaller candles.
 


What is Accelerator Oscillator (AC)?

Click To Learn More

What is

Stochastic Oscillator?

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What is 

Parabolic SAR?

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On Balance Volume

What is OBV?

Click To Learn More

Broker, MT5 ECM, VPS & Prop. Firm