Another version of this post appeared on wijmo.com a few months ago, when we released Wijmo FinancialChart. FinancialChart for MVC releases next week, and it's every bit as powerful as Wijmo's. Here's the final post in our Financials Charts Explained series, all of which will be available in Wijmo FinancialChart (due for release November 11). So far we've covered:
At last: CandleVolume and Arms CandleVolume
Chart #7: CandleVolume
CandleVolume, predictably, are a combination of candlestick and volume charts—put simply, they add the dimension of volume (represented by width) to a candlestick. So in addition to HLOC, the viewer also gets the volume of shares traded in a day. Color of the candle indicates whether the close is above or below the open. In the example below, we can see that many shares were traded February 23-25. That date shows a significant drop in stock price, and a higher volume of shares traded. ComponentOne Studio FinancialChart for MVC CandleVolume Chart Read more at stockcharts.com.
Chart #8: Arms CandleVolume
Arms CandleVolume is essentially a combination of a candlestick and EquiVolume chart: it's a price chart that focuses on volume, price range, and candlestick. Width, of course, indicates volume. While a classic candlestick uses a wick-like line above and below the candle to indicate open-close, the Arms CandleVolume squares that off and creates "price high" and "price low"—a squared-off, volume-indicating replacement for a traditional candle's wick. In the example below, we see again that there is a high volume of trading on February 23, and also a wide range of open/close prices. ComponentOne Studio FinancialChart for MVC Arms CandleVolume Chart Read more at stockcharts.com. FinancialChart will be available with the ship of 2015 v3, due out the week of November 11. If you're already an account member, you'll see the announcement soon. If not, create an account today to keep apprised of our 2015 releases! See more FinancialChart news >> See more 2015 v3 news >>