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Docs: New documentation for the Grafana 8.3 Candlestick panel (#42491)
* Initial scaffolding * intro sentence * Option scaffolding * More complete candlestick documentation * Add candlestick to visualization list * Clarifying the opening sentence. * Prettier fix for Candlestick * Update docs/sources/visualizations/candlestick.md Co-authored-by: Leon Sorokin <leeoniya@gmail.com> * Update docs/sources/visualizations/candlestick.md Co-authored-by: Leon Sorokin <leeoniya@gmail.com> * Updated to clarify hollow candlestick behaviour * Prettier run manually * Update docs/sources/visualizations/candlestick.md Co-authored-by: achatterjee-grafana <70489351+achatterjee-grafana@users.noreply.github.com> * Update docs/sources/visualizations/candlestick.md Co-authored-by: achatterjee-grafana <70489351+achatterjee-grafana@users.noreply.github.com> * Update docs/sources/visualizations/candlestick.md Co-authored-by: achatterjee-grafana <70489351+achatterjee-grafana@users.noreply.github.com> * Update docs/sources/visualizations/candlestick.md Co-authored-by: achatterjee-grafana <70489351+achatterjee-grafana@users.noreply.github.com> Co-authored-by: Leon Sorokin <leeoniya@gmail.com> Co-authored-by: achatterjee-grafana <70489351+achatterjee-grafana@users.noreply.github.com>guicaulada/disable-unsigned-plugins-tag
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title = "Candlestick" |
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description = "Candlestick visualization documentation" |
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keywords = ["grafana", "Candlestick", "OHLC", "panel", "documentation"] |
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aliases = ["/docs/grafana/latest/features/panels/candlestick/", "/docs/grafana/latest/panels/visualizations/candlestick/"] |
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weight = 600 |
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# Candlestick |
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The Candlestick panel allows you to visualize data that includes a number of consistent dimensions focused on price movement. The Candlestick panel includes an Open-High-Low-Close (OHLC) mode, as well as support for additional dimensions based on time series data. |
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{{< figure src="/static/img/docs/candlestick-panel/candlestick-panel-8-3.png" max-width="1200px" caption="Candlestick panel" >}} |
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The Candlestick panel builds upon the foundation of the [time series]({{< relref "./time-series/_index.md" >}}) panel and includes many common configuration settings. |
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## Mode |
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The mode options allow you to toggle which dimensions are used for the visualization. |
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- **Candles** limits the panel dimensions to the open, high, low, and close dimensions used by candlestick visualizations. |
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- **Volume** limits the panel dimension to the volume dimension. |
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- **Both** is the default behavior for the candlestick panel. It includes both candlestick and volume visualizations. |
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## Candle style |
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- **Candles** is the default display style and creates candle-style visualizations between the open and close dimensions. |
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- **OHLC Bars** displays the four core dimensions open, high, low, and close values. |
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## Color strategy |
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- **Since Open** is the default behavior. This mode will utilize the _Up_ color (below) if the intra-period price movement is positive. In other words, if the value on close is greater or equal to the value on open, the _Up_ color is used. |
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- **Since Prior Close** is an alternative display method based where the color of the candle is based on the inter-period price movement or change in value. In other words, if the value on open is greater than the previous value on close, the _Up_ color is used. If the value on open is lower than the previous value on close, the _Down_ color is used. _This option also triggers the hollow candlestick visualization mode_. Hollow candlesticks indicate that the intra-period movement is positive (value is higher on close than on open), filled candlesticks indicate the intra-period change is negative (value is lower on close than on open). To learn more, see the [explanation of the differences](https://thetradingbible.com/how-to-read-hollow-candlesticks). |
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## Up & Down Colors |
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The **Up color** and **Down color** options select which colors are used when the price movement is up or down. Please note that the _Color strategy_ above will determine if intra-period or inter-period price movement is used to select the candle or OHLC bar color. |
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## Open, High, Low, Close |
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The candlestick panel will attempt to map fields to the appropriate dimension. The **Open**, **High**, **Low**, and **Close** options allow you to map your data to these dimensions if the panel is unable to do so. |
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- **Open** corresponds to the starting value of the given period. |
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- **High** corresponds to the highest value of the given period. |
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- **Low** corresponds to the lowest value of the given period. |
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- **Close** corresponds to the final (end) value of the given period. |
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- **Volume** corresponds to the sample count in the given period. (e.g. number of trades) |
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## Additional fields |
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The candlestick panel is based on the time series panel. It can visualization additional data dimensions beyond open, high, low, close, and volume The **Include** and **Ignore** options allow the panel to visualize other included data such as simple moving averages, Bollinger bands and more, using the same styles and configurations available in the [time series]({{< relref "./time-series/_index.md" >}}) panel. |
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