K-line is a columnar line, which consists of shadow lines and entities. The hatched part above the entity is called "upper hatched line" and the lower hatched line is called "lower hatched line". The entity represents the opening price and closing price of a day, the top vertex of the upper shadow line represents the highest price of a day, and the bottom vertex of the lower shadow line represents the lowest price of a day. According to the relationship between opening price and closing price, K-line can be divided into two types: the positive line when closing price is higher than opening price and the negative line when closing price is lower than opening price.
What is the silver K-line?
K-line chart was first used by rice merchants in Osaka during the Tokugawa shogunate era in Japan to record the price fluctuation of rice for one day, one week or one month at that time, and then it was introduced into stock market, futures and precious metals. In fact, the word "K" in Japan is not written as "K", but as "_" (Japanese pronunciation reads kei). K-line is the pronunciation of "_ line", and K-line diagram is called "_ line". In the west, the first English letter "K" was literally translated as "K" line, which developed from it.
Advantages of silver K-line chart
Intuitive, three-dimensional, informative, and rich in oriental philosophy, it can fully show the strength of price trends, the changes in the balance of power between buyers and sellers, and more accurately predict the market outlook. It is a technical analysis method widely used in various media and computer real-time analysis systems. Among many technical analysis tools, K-line diagram is one of the most commonly used and intuitive analysis tools.
Silver k-line chart structure
Based on the opening price, highest price, lowest price and closing price of each analysis period. Take the daily K-line as an example, first determine the opening price and closing price, and draw the part between them into a rectangular entity. If the closing price is higher than the opening price, the K line is called the positive line, which is represented by a hollow entity. On the contrary, it is called a negative line and is represented by a black entity or a white entity. Many softwares can use colored entities to represent negative and positive lines. In the domestic stock and futures markets, red is usually used to represent the positive line and green is used to represent the negative line.