OHLC (Open High Low Close)

OHLC (Open-High-Low-Close) is a term used in financial markets to describe a type of chart that represents the price movements of a specific asset (typically a stock, currency pair, or commodity) over a given time period.

The OHLC chart displays four main price levels:

1. Open: The opening price of an asset during a specific time period. It is usually the price at which the first transaction occurred at the beginning of the time period.

2. High: The highest price reached by an asset during a specific time period. This represents the peak price the asset reached within the time frame.

3. Low: The lowest price reached by an asset during a specific time period. This represents the lowest price the asset reached within the time frame.

4. Close: The closing price of an asset during a specific time period. It is typically the price at which the last transaction occurred at the end of the time period.

The OHLC chart represents these four price levels for each time period in the form of a bar or candlestick. Candlestick charts are similar to bar charts but can be visually more appealing and easier to understand.

OHLC charts are used for technical analysis. They help analyze price movements and trends, identify support and resistance levels, develop trading strategies, and make trading decisions. The price movements and patterns on the charts can provide clues to investors about future price movements.

In summary, OHLC (Open-High-Low-Close) is a type of chart that represents the opening, high, low, and closing prices of an asset within a given time period. These charts are used for technical analysis to analyze price movements. They can assist investors in predicting future price movements and developing trading strategies.