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Author Topic: bitcoincharts, technical indicators?  (Read 979 times)
alan2here
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July 06, 2011, 04:06:13 PM
 #1

I have some questions. Sorry if they are a bit predictable but I'm reasonably new.

http://bitcoincharts.com/charts/britcoinGBP#rg1zig1-minztgMzm1g10zm2g25

Closing price vs median (average) price is presumably verry similar at a fine resolution, such as every minute. Closing is for the end of each minute wheras median is typicall for that minute. Have I understood this correctly?

I presume that the volume bars are volume of trading? What do the different colors on the volume bars mean, red, green and grey?

Even if you trade right in the middle of a narrow peek this means that I won't neccerally be able to trade at that price, it may be that one one person has done so? Although I tried some very small trades (even smaller than my usual trades) way off market price, some of which sold but there was no inflence on the graph for that minute, including on candlestick mode.

I see that a moving average is another word for a rolling average.

Technical Indicators appear to always react to events after they occur. What ones might I find usefull?

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ColdHardMetal
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July 06, 2011, 04:56:31 PM
 #2

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.

alan2here
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July 06, 2011, 05:05:24 PM
 #3

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?

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ColdHardMetal
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July 06, 2011, 05:22:13 PM
 #4

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.

alan2here
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July 06, 2011, 05:26:41 PM
 #5

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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