Hi,
I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart?
Upon reading all those explanation and tutorial on how to use candlestick and other tools out there, I really struggled understanding them because they have no examples that really show real time application. So I started looking for an auto trader and I saw a
thread that sells a bot and it explains on how the bot works, and you can really use the principles in manual trading. This
thread (click the link) is of the simplest and somehow applicable for beginners.