answersLogoWhite

0

When is a candlestick chart best used?

Updated: 4/28/2022
User Avatar

Wiki User

10y ago

Best Answer

A candlestick chart is best used to show fluctuations in currency over time, such as a chart displaying annual income. You can learn more about this type of chart online from the Wikipedia.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When is a candlestick chart best used?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How are candlesticks used in graphing?

Candlesticks are used in graphing as the candlestick chart, a style of bar chart used in the stock exchange industry to describe rise and falls in stock prices.


What was a Victorian candlestick used for?

Victorian candle sticks were used for light purposes. Since of course electricty was not invented, this was the best way to get light.


What chart is best used to show rankings in Excel?

A column chart is good for showing rankings.


What chart types are best used on Thanksgiving day in Excel?

There is no chart associated with Thanksgiving day. It depends on the kind of data and what you want to chart which determines which chart you would use.


Where can one find the best Candlestick Patterns?

One can find free candlestick patterns online at a website called Swing Trade Stocks which has a free eBook that features 10 pages of candlestick patterns.


During what time period were candlestick phones common?

Candlestick phones is an upright phone, typically used on a desk. The candlestick phone was very popular in the early 1900s. They are now considered an antique.


What kind of chart is best used to show the various parts of a whole?

A pie chart would show the various parts of a whole.


Is a pie chart is best used for charting data that is a percentage of a whole?

yes


What do you think is the best kind of embedded chart?

There is no single answer to that. Different kinds of charts can be used, depending on what you want to show. What the best chart is, will depend on the data and what you want to demonstrate about it. Any chart can be embedded, so they will all work. You would not choose a particular kind of chart if it was not suitable to your data.


What chart is used to show percentage values?

The best type of chart for displaying percentages is the pie chart. The entire pie represents the whole 100% and the segments show the portions that make up the whole.


What is a 7 candlestick holder called?

A 7 candlestick holder is called a Menorah. It has a Biblical origin (see Exodus 37:17) A Menorah is used in the temple in Jerusalem.


What are the limitations of bar chart?

The bar chart is a great tool to use as a visual for presentations or reports. The limitation of bar charts is that it is best used when presenting only two to three variables. It is also best used only when there is discrete data to present.