POLL: Do you prefer regular OHLC charts or Candlestick charts?

Please select the option that best describes you.

  • I have traded for FEWER than 5 years and prefer OHLC charts.

    Votes: 4 6.8%

  • I have traded for MORE than 5 years and prefer OHLC charts.

    Votes: 18 30.5%

  • I have traded for FEWER than 5 years and prefer Candlestick charts.

    Votes: 15 25.4%

  • I have traded for MORE than 5 years and prefer Candlestick charts.

    Votes: 22 37.3%
  • Total voters
    59
T

Thunderdog

I'm just curious.

I included the 5-year criterion to see if there is any notable difference between what newer traders prefer and those traders that have been at it a while longer. Please participate in the poll and feel free to post any comments. Thank you.
 
I think the only reason to use OHLC instead of candlesticks is if you trade primarily (or exclusively) based on oscillators. OHLC is more compact. I find OHLC utterly worthless. Candlesticks show everything that OHLC does with the added benefit that you instantly see whether a particular day was an "up" day or "down" day. I use regular arithmetic candlestick charts.
 
Quote from IShopAtPublix:

I think the only reason to use OHLC instead of candlesticks is if you trade primarily (or exclusively) based on oscillators. OHLC is more compact. I find OHLC utterly worthless. Candlesticks show everything that OHLC does with the added benefit that you instantly see whether a particular day was an "up" day or "down" day. I use regular arithmetic candlestick charts.
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I favor OHLC and I don't use any indicators. As for "instantly" seeing whether a particular day (or bar) was an up bar, my OHLC bars turn green when they close up and red when they close down, as I imagine is the case with most people who use OHLC charts. So I don't think that the "instant" thing is a valid argument. Even so, I appreciate your opinion. I have been using OHLC bars from the get-go, but have come to notice that more and more people seem to favor candlesticks. Certainly the poll results thus far support that observation. I just can't quite understand why the most basic configuration, with a little twig at the left and right side of the bar representing the Open and Close, is not preferred by more people.
 
Quote from Thunderdog:

I favor OHLC and I don't use any indicators. As for "instantly" seeing whether a particular day (or bar) was an up bar, my OHLC bars turn green when they close up and red when they close down, as I imagine is the case with most people who use OHLC charts. So I don't think that the "instant" thing is a valid argument. Even so, I appreciate your opinion. I have been using OHLC bars from the get-go, but have come to notice that more and more people seem to favor candlesticks. Certainly the poll results thus far support that observation. I just can't quite understand why the most basic configuration, with a little twig at the left and right side of the bar representing the Open and Close, is not preferred by more people.
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Systems are different. I use bigcharts.com and the bar chart is worthless there. Observe: (image 1) is barcharts image 2 is candlestick
 

Attachments

I have traded for FEWER than 2 years and it depends on the time frame.

1 - 5 min: Bar
15, 30 and 60 minutes: Candlestick
Daily: Candlestick
Weekly: Bar
 
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