DMelt:Finance/Financial Charts

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Financial charts

In Sect. Visualization canvases discussed some method to visualize data. Now we show some more specific charts useful for financial market.

CandleStick chart

Market forecasting simply make use of the daily closing price. The following five pieces of information, listed here, are of particular interest to the technical analyst.

Opening Price Closing Price Day High Day Low Volume

Using more than just the daily closing price allows the analyst to capture the state of the market. Read this article about this chart.

Read wikipedia: Candlestick chart

Let us consider a small Python script which generate data for CandleStick chart and show it:

The output will look as this:

DMelt example: Show CandlestickChart using jfreechart

More information on this topic is in DMelt books