How do you read a chart?
You can use three different chart types on Paribu to track price movements: line chart, candlestick chart and depth chart. By changing the time frame, you can examine different horizons from minute-level moves to yearly trends.
What are the chart types?
There are three chart types on Paribu. Each presents the same price data with a different visual approach; which one you choose depends on what you focus on.
- Line chart: Shows a single line connecting the closing prices for the selected time range. It is suitable for quickly seeing the general trend.
- Candlestick chart: Shows the open, close, highest and lowest prices in each time frame as a single candle. It is the most commonly used chart type for technical analysis.
- Depth chart: Visualises the price distribution of buy and sell orders in the order book. It is used to see liquidity on the buy and sell side of the market.
How do you read a candlestick chart?
A candlestick chart summarises the price movements that occur in each time frame as a single candle. The colour of the candle shows the direction of price in that period, while the body and the wicks show where price moved.
- Green candle: Closing price is above the opening price; price went up in that period.
- Red candle: Closing price is below the opening price; price went down in that period.
- Body: The distance between the opening and closing prices. A long body means a strong move; a short body means indecisive price.
- Wick (shadow): The thin lines above and below the body. The upper wick shows the highest price of that period, and the lower wick shows the lowest price.
To see the details of a candle, press and hold on the candle to view the date, open, high, low, close and volume information.
Note: On the 1-hour time frame, if a green candle has an open of TRY 2,000,000, a close of TRY 2,010,000, a high of TRY 2,015,000 and a low of TRY 1,998,000, it means that price started at TRY 2,000,000 in that hour, rose to TRY 2,015,000, dropped to TRY 1,998,000 and closed at TRY 2,010,000.
How do you change the time frame?
You can select the interval you want to work with from the time frame tabs just above the chart. Short time frames are suitable for short-term price movements, while long time frames are suitable for seeing long-term trends.
How do you switch to full screen view?
To examine the chart in a wider area, tap the full screen icon in the top right corner of the chart to switch to full screen view. In this view, you can also rotate the chart horizontally and continue with time frame and chart type selections on the same screen. Tap the same icon again to exit full screen.
What does the depth chart show?
The depth chart shows the price distribution of open buy and sell orders for the selected pair as a filled area split into two sides. The left side of the chart (green) represents buy orders, and the right side (red) represents sell orders. As the height increases, the cumulative order volume at that price level increases.
The depth chart is especially useful for users who plan to make large trades to see at which prices the market is liquid.
Important information
- Charts are shown with different depths in quick, standard and advanced views; the widest chart controls are in the advanced view
- The data on the chart is updated in real time; the prices you see on screen reflect the live market prices
- Technical indicators can be added on the candlestick and line charts; for technical analysis tips, see the What are technical indicators and how do you use them? article
- Historical data varies by pair; long-term chart data may not yet be formed for newly listed assets
Frequently asked questions
Which chart type should I use and when?
Use the line chart if you want to quickly see the general market trend, the candlestick chart if you want to examine the detail of price movements and volatility, and the depth chart if you want to see liquidity in the order book.
What does a green and red candle mean?
A green candle shows that price rose in that time frame (close above open); a red candle shows that price fell (close below open).
Why is the wick of the candle important?
Wicks show the highest and lowest prices that move outside the range between the candle's opening and closing prices. A long wick means that price was clearly tested at that level in that period but the level did not hold.
Does the chart reset when I change the time frame?
No. When you change the time frame, the chart is redrawn for the interval you selected, but the displayed pair and the selected chart type do not change.
How often is the chart data updated?
The chart data is updated in real time with the market. When a new trade occurs, the latest candle or line on the chart is automatically reflected.
Related articles
- What are technical indicators and how do you use them? — Using technical indicators
- What is the order book and how do you read it? — Reading the order book
- Trading in standard view — Trading in standard view
- Trading in advanced view — Trading in advanced view
- How to place a limit order? — Placing limit orders
Author:
Paribu