Kreslik.com - traders community since 2006

The bars are for your benefit, not mine, until you can see and understand that you've never really needed them;
just draw a box around three closing prices and look at the current sets compared to previous sets.

Any examples posted are not recommendations:

This chart brought to you by Barchart com

All that we are doing is combining 3 closing prices into a set; the resulting plot is more than enough information.

If you trade closing prices then you do not have to worry about wicks; if the columns are 20 minutes then you can place a trade once every 20 minutes.



Same chart:

All that extra data, and for what purpose?

These columns are 40 minutes and the sets are 2 hours.

Each box is like snapping a photo of paint drying; how often do you need to take a picture to observe what you desire to see?;

that's all you are doing when selecting a chart period.

You know that these charts are not recommendations, right? I don't have to say this every post?

30 minutes has always been my favorite 'slice' of time.

The 'set' does not have to be 3, it can be highest to lowest close in 2, 3, 4, 6, or . . .;

just remember that you're trying to capture movement, not simulate a price bar.

This chart uses a 4 period set:
does it look all that different from a 3 period set? Not really.

STEP 1: highest close to lowest close:

STEP 2: fill in the gaps between the current box and the previous.

Step 3: color it as you wish:

Guess you are really using a line chart without the lines.

Removed.

Sets vs Lines.

They are not even close to being the same thing;

both are trying to summarize the movement of the slices (the columns), one is better at it than the other.

The candle chart is going to do the same as the line chart; skip most of the data and then pretend to know what's going on.