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Title: bitcoincharts, technical indicators? Post by: alan2here on July 06, 2011, 04:06:13 PM I have some questions. Sorry if they are a bit predictable but I'm reasonably new.
http://bitcoincharts.com/charts/britcoinGBP#rg1zig1-minztgMzm1g10zm2g25 Title: Re: bitcoincharts, technical indicators? Post by: ColdHardMetal on July 06, 2011, 04:56:31 PM The colors on the volume bars should correspond to the colors of the candles. If the price closed higher in that period the volume bar will be green, and if the price closed lower the bar will be red. Grey if open and close prices were the same. That doesn't happen very often.
Title: Re: bitcoincharts, technical indicators? Post by: alan2here on July 06, 2011, 05:05:24 PM Thanks. So it's quite apparent looking at the line as well what color the volume bars below it ought to be.
The size of the bar indicates the ammount of money being traded? If there have been no trades then the trade price shows the last trade price, so it looks like a horizontal line? Title: Re: bitcoincharts, technical indicators? Post by: ColdHardMetal on July 06, 2011, 05:22:13 PM Thanks. So it's quite apparent looking at the line as well what color the volume bars below it ought to be. The size of the bar indicates the ammount of money being traded? If there have been no trades then the trade price shows the last trade price, so it looks like a horizontal line? I'm on my phone so not looking at the chart at the moment, but I believe the Y-axis on the left side is the scale for the volume bars. And yes, the higher the bar the higher the volume during that period. No trades should be a flat price line. Title: Re: bitcoincharts, technical indicators? Post by: alan2here on July 06, 2011, 05:26:41 PM Cool, ty. I'm using Gox price chart now, it's cleared up the periods of no activity I was seeing before.
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