<s>
An	O
open-high-low-close	B-Application
chart	I-Application
(	O
also	O
OHLC	B-Application
)	O
is	O
a	O
type	O
of	O
chart	O
typically	O
used	O
to	O
illustrate	O
movements	O
in	O
the	O
price	O
of	O
a	O
financial	O
instrument	O
over	O
time	O
.	O
</s>
<s>
Tick	O
marks	O
project	O
from	O
each	O
side	O
of	O
the	O
line	O
indicating	O
the	O
opening	O
price	O
(	O
e.g.	O
,	O
for	O
a	O
daily	O
bar	B-Application
chart	I-Application
this	O
would	O
be	O
the	O
starting	O
price	O
for	O
that	O
day	O
)	O
on	O
the	O
left	O
,	O
and	O
the	O
closing	B-Application
price	I-Application
for	O
that	O
time	O
period	O
on	O
the	O
right	O
.	O
</s>
<s>
The	O
Japanese	B-Application
candlestick	I-Application
chart	I-Application
and	O
OHLC	B-Application
charts	I-Application
show	O
exactly	O
the	O
same	O
data	O
,	O
i.e.	O
,	O
the	O
opening	O
,	O
high	O
,	O
low	O
,	O
and	O
closing	B-Application
prices	I-Application
during	O
a	O
particular	O
time	O
frame	O
.	O
</s>
<s>
Day	O
traders	O
,	O
who	O
by	O
default	O
have	O
to	O
watch	O
the	O
price	O
movements	O
on	O
a	O
chart	O
,	O
prefer	O
to	O
use	O
the	O
Japanese	B-Application
candlesticks	I-Application
,	O
because	O
they	O
show	O
the	O
"	O
live	O
action	O
"	O
price	O
movements	O
by	O
expanding	O
and	O
contracting	O
the	O
candlestick	O
's	O
body	O
,	O
which	O
is	O
easier	O
to	O
grasp	O
(	O
and	O
trade	O
upon	O
)	O
than	O
the	O
standard	O
OHLC	B-Application
bar	O
.	O
</s>
<s>
Therefore	O
,	O
for	O
dynamic	O
real-time	O
chart	O
analysis	O
,	O
Japanese	B-Application
candlesticks	I-Application
offer	O
advantages	O
over	O
standard	O
OHLC	B-Application
bars	O
.	O
</s>
<s>
However	O
,	O
for	O
technical	O
analysis	O
of	O
static	O
charts	O
,	O
such	O
as	O
after-market	O
analysis	O
of	O
historical	O
data	O
,	O
the	O
OHLC	B-Application
bars	O
have	O
very	O
clear	O
advantages	O
over	O
the	O
Japanese	B-Application
candlesticks	I-Application
:	O
the	O
OHLC	B-Application
bars	O
do	O
not	O
require	O
color	O
or	O
fill	O
pattern	O
to	O
show	O
the	O
Open	O
and	O
Close	O
levels	O
,	O
and	O
they	O
do	O
not	O
create	O
confusion	O
in	O
cases	O
when	O
,	O
for	O
example	O
,	O
the	O
Open	O
price	O
is	O
lower	O
than	O
the	O
Close	O
price	O
(	O
a	O
bullish	O
sign	O
)	O
,	O
but	O
the	O
Close	O
price	O
for	O
the	O
studied	O
bar	O
is	O
lower	O
than	O
the	O
Close	O
price	O
for	O
the	O
previous	O
bar	O
,	O
i.e.	O
</s>
<s>
A	O
simple	O
variant	O
on	O
the	O
OHLC	B-Application
chart	I-Application
is	O
the	O
HLC	O
high-low-close	O
chart	O
that	O
identifies	O
the	O
range	O
of	O
the	O
time	O
unit	O
's	O
price	O
action	O
(	O
high	O
-	O
low	O
)	O
and	O
the	O
end	O
result	O
of	O
the	O
time	O
unit	O
's	O
price	O
action	O
(	O
the	O
close	O
)	O
.	O
</s>
<s>
In	O
technical	O
analysis	O
OHLC	B-Application
charts	I-Application
are	O
often	O
combined	O
with	O
charts	O
of	O
other	O
types	O
such	O
as	O
line	B-Application
charts	I-Application
(	O
showing	O
moving	O
average	O
)	O
,	O
column	B-Application
charts	I-Application
(	O
trading	O
volume	O
)	O
,	O
and	O
range	O
areas	O
(	O
Bollinger	O
Bands	O
)	O
.	O
</s>
