ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 30, 2014, 07:44:44 PM |
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Butthurt is going up uP UP
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JayJuanGee
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Activity: 3878
Merit: 11064
Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2014, 07:50:58 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume. thx! but the lenght of the candle has to do with the volume i suppose No the body of the candle (the thick part) consists of the opening and closing price, the small sticks indicate the highest or lowest price during the time in which candle is formed. I believe that I still do NOT really understand the candles. Let's just take the 30 minute candle. There is an entry price and an exit price for the 30 minute period. Yes, I understand that the length of the candle will reflect all the prices in which BTC traded during that 30 minutes. Explanation 1: The candle will be red if the exit price is lower than the entrance price and the candle will be green if the exit price is higher than the entrance price. Explanation 2: The candle will be green if buying outpaces selling during that period and red if selling out paces buying. Regarding Explanation 1: If the thick part of the candles reflects the price entrance and exit points, sometimes the thick part of the candle does NOT seem to match with the supposed price entrance and exit points... b/c the exit of one candle does NOT match up with the entrance of the next candle or possibly with the entrance into the next candle after that... or the thick portion of the candle is just sitting aloof and not connected to either side.. Something seems to be wrong with my understanding of these candles b/c frequently the thick parts of the candles do NOT seem to match up. Regarding Explanation 2: This seems more plausible b/c explanation 1 does NOT seem to pan out regarding the matching of the entrance and exit locations - the thick parts of the candles.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 30, 2014, 07:55:50 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume. thx! but the lenght of the candle has to do with the volume i suppose No the body of the candle (the thick part) consists of the opening and closing price, the small sticks indicate the highest or lowest price during the time in which candle is formed. I believe that I still do NOT really understand the candles. Let's just take the 30 minute candle. There is an entry price and an exit price for the 30 minute period. Yes, I understand that the length of the candle will reflect all the prices in which BTC traded during that 30 minutes. Explanation 1: The candle will be red if the exit price is lower than the entrance price and the candle will be green if the exit price is higher than the entrance price. Explanation 2: The candle will be green if buying outpaces selling during that period and red if selling out paces buying. Regarding Explanation 1: If the thick part of the candles reflects the price entrance and exit points, sometimes the thick part of the candle does NOT seem to match with the supposed price entrance and exit points... b/c the exit of one candle does NOT match up with the entrance of the next candle or possibly with the entrance into the next candle after that... or the thick portion of the candle is just sitting aloof and not connected to either side.. Something seems to be wrong with my understanding of these candles b/c frequently the thick parts of the candles do NOT seem to match up. Regarding Explanation 2: This seems more plausible b/c explanation 1 does NOT seem to pan out regarding the matching of the entrance and exit locations - the thick parts of the candles. Explanation 2 is wrong. Explanation 1 is correct your seeing a small bug, seems the closing price of previous candle doesn't always match the opening of the next or something...
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CoinHamster
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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April 30, 2014, 07:57:08 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume. thx! but the lenght of the candle has to do with the volume i suppose No the body of the candle (the thick part) consists of the opening and closing price, the small sticks indicate the highest or lowest price during the time in which candle is formed. I believe that I still do NOT really understand the candles. Let's just take the 30 minute candle. There is an entry price and an exit price for the 30 minute period. Yes, I understand that the length of the candle will reflect all the prices in which BTC traded during that 30 minutes. Explanation 1: The candle will be red if the exit price is lower than the entrance price and the candle will be green if the exit price is higher than the entrance price. Explanation 2: The candle will be green if buying outpaces selling during that period and red if selling out paces buying. Regarding Explanation 1: If the thick part of the candles reflects the price entrance and exit points, sometimes the thick part of the candle does NOT seem to match with the supposed price entrance and exit points... b/c the exit of one candle does NOT match up with the entrance of the next candle or possibly with the entrance into the next candle after that... or the thick portion of the candle is just sitting aloof and not connected to either side.. Something seems to be wrong with my understanding of these candles b/c frequently the thick parts of the candles do NOT seem to match up. Regarding Explanation 2: This seems more plausible b/c explanation 1 does NOT seem to pan out regarding the matching of the entrance and exit locations - the thick parts of the candles. ...for explanation 1 choose: "settings" - "CandlestickHLC"
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manfred
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Activity: 966
Merit: 1001
Energy is Wealth
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April 30, 2014, 07:57:31 PM |
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The length of the candle shows how much the price has changed in the timeframe the volume has nothing to do with it
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boumalo
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Activity: 1918
Merit: 1018
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April 30, 2014, 07:57:40 PM |
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I trust evolution.
I trust evolution to do what is in evolution's interest. Incentives, after all. Just need to figure out how to incentivize evolution to behave nicely. Evolution has an impact on hundreds of thousands of years, tens of thousands at least nubs are studying
BUY BUY BUY!
Probably because of that misleading documentary about bitcoin and how everyone supposedly made a fortune on trading bitcoin. Do you have a link to the documentary or the title? Most people who bought before November 2013 made money but a lot of them made less money trading than if they bought and hold
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2014, 08:00:51 PM |
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JorgeStolfi
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April 30, 2014, 08:07:03 PM |
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your seeing a small bug, seems the closing price of previous candle doesn't always match the opening of the next or something...
The opening price is the price of the first trade made in that interval, the closing price is that of the last trade. So the close of one interval does not need to match the open of the next one.
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Richy_T
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Activity: 2576
Merit: 2268
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 30, 2014, 08:13:17 PM |
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My sincere apologies if I ever gave the impression that I had any knowledge or understanding whatsoever for the libertarian ideology. If you care, I could try to remove any lingering doubts you may have about my competence on the matter.
FTFY.
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JorgeStolfi
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April 30, 2014, 08:28:13 PM |
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Opening and closing prices are a hangover from stock exchanges, where trading only happens during business hours of business days. They are important when displaying daily prices, because between one day and the next there is a big gap, so the last price before the gap is important for the duration of the gap, and the price may change considerably during the gap because of news etc.. The very names "opening" and "closing" originally referred to the exchange hours.
Bitcoin however is traded continuously 24/7, so opening and closing prices are no more special than the prices of any two consecutive trades anytime. Charts should have options to omit them and display only high&low and/or mean price in the interval. [troll]But bitcoiners in general lack the mental agility that would be needed to adapt to this departure from old established tradition.[/troll]
In bitcoinwisdom one can get HL-only candles by choosing the OHLC option and rolling the thumbwheel to get 1-pixel candles. The only single-trade price that matters, most of the time, is that of the most recent trade (the current price"); in bitcoinwisdom it is shown by the black triangle at right with 30m or smaller intervals.
Volume bars in bitcoinwisdom (and bitcoincharts, and presumably most charts) are red iff the corresponding candle is red, that is, the price of the last trade in that interval is less than the first trade
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Richy_T
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Activity: 2576
Merit: 2268
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 30, 2014, 08:31:44 PM |
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Blind luck? You can't really call a roundabout centralisation. Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif. Funny thing is, at least traffic is moving.
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Richy_T
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Activity: 2576
Merit: 2268
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 30, 2014, 08:35:40 PM |
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1. People ignore >70% of traffic signs, and much more in the US where the sign spam is completely out of control.
Our road recently got signs 20ft in front of the stop signs to warn that the stop signs are coming up. Lack of visibility is not an issue.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 30, 2014, 08:42:48 PM |
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Blind luck? You can't really call a roundabout centralisation. Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif. Funny thing is, at least traffic is moving. no this is stupid as shit it would flow much better if organized i can;t believe this shit
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donut
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April 30, 2014, 08:59:03 PM |
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Blind luck? You can't really call a roundabout centralisation. Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif. Funny thing is, at least traffic is moving. no this is stupid as shit it would flow much better if organized i can;t believe this shit Actually, take a look at this: https://www.cs.utexas.edu/~aim/oldsim/Play around with the simulation to get a feel for it. Multiagent Traffic Management: A Reservation-Based Intersection Control Mechanism Traffic Light - cars must obey the traffic signals. Using this system, cars are delayed by an average of 9.45 seconds relative to how quickly they could travel without an intersection present.The traffic light has these parameters: Period: 30 seconds Alpha (fraction of period the light is green in the East/West direction): .45 Beta (fraction of period the light is red in all directions between greens): .05 Reservation System - cars can reserve time slots in the intersection. The granularity of the reservation system for this simulation is 4 (i.e. the system consists of a 4 x 4 grid of reservation tiles). Using this system, cars are delayed an average of 0.076 seconds - significantly less than when using a traffic light. tl;dr Decentralized autonomous traffic can be much more efficient than traffic lights.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 30, 2014, 09:00:51 PM |
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11064
Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2014, 09:06:29 PM |
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I don't really like that word, "commie" b/c it seems to carry with it a lot of unnecessary baggage... maybe it is my own negative experience that is tainting my reaction?
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11064
Self-Custody is a right. Say no to"Non-custodial"
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April 30, 2014, 09:20:34 PM |
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excuse for the noob question,
so a red candle on wisdom means more sell volume than buy volume? and a red candle can be higher (than previous candles)due to a a higher sell price?
Just means that the opening price was higher than the closing price, it has nothing to do with volume. thx! but the lenght of the candle has to do with the volume i suppose No the body of the candle (the thick part) consists of the opening and closing price, the small sticks indicate the highest or lowest price during the time in which candle is formed. I believe that I still do NOT really understand the candles. Let's just take the 30 minute candle. There is an entry price and an exit price for the 30 minute period. Yes, I understand that the length of the candle will reflect all the prices in which BTC traded during that 30 minutes. Explanation 1: The candle will be red if the exit price is lower than the entrance price and the candle will be green if the exit price is higher than the entrance price. Explanation 2: The candle will be green if buying outpaces selling during that period and red if selling out paces buying. Regarding Explanation 1: If the thick part of the candles reflects the price entrance and exit points, sometimes the thick part of the candle does NOT seem to match with the supposed price entrance and exit points... b/c the exit of one candle does NOT match up with the entrance of the next candle or possibly with the entrance into the next candle after that... or the thick portion of the candle is just sitting aloof and not connected to either side.. Something seems to be wrong with my understanding of these candles b/c frequently the thick parts of the candles do NOT seem to match up. Regarding Explanation 2: This seems more plausible b/c explanation 1 does NOT seem to pan out regarding the matching of the entrance and exit locations - the thick parts of the candles. ...for explanation 1 choose: "settings" - "CandlestickHLC" in bitcoinwisdom, we can choose "candlestick" or "candlestickHLC" Does anyone know the difference? Coinhamster: you are saying that candlestickHLC is explanation 1, but then what is "candlestick"?
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 30, 2014, 09:22:13 PM |
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I don't really like that word, "commie" b/c it seems to carry with it a lot of unnecessary baggage... maybe it is my own negative experience that is tainting my reaction? It's an intentional pejorative. Collectivism is fine as long as it's voluntary, but it almost never is. Most collectivists explicitly aim to gain enough power to forcibly impose their policies on everyone. In the name of freedom, of course.
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