PDSnet Glossary

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Introductory Technical Fundamental Economics Opinion Sectors International Regulatory Other Markets

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Name	synonyms = 1, variations = 2, abbreviations = 3

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Definition

The wick or tail, at one end or both, designating the high and/or low prices for the period upon which a candle is based. In order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display - usually a trading day. The hollow or filled portion of the candlestick is called "the body" (also referred to as "the real body"). The long thin lines above and below the body represent the high/low range and are called "shadows" (also referred to as "wicks" and "tails"). The high is marked by the top of the upper shadow and the low by the bottom of the lower shadow. Thus the upper shadow is a vertical line connecting the open or close (whichever is higher) to the high of the day and the lower shadow connects the open or close (whichever is lower) to the low of the day.

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