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In this video, we explain Hollow Candles on TradingView. Hollow Candles are a variation of traditional candlestick charts used to visualize price movements in the market.
Key points covered:
- Hollow Candles display price data with a focus on open and close prices.
- A hollow candle forms when the close price is higher than the open price, indicating a bullish period.
- A filled candle forms when the close price is lower than the open price, indicating a bearish period.
- The color of the candle's outline shows whether the close price is higher or lower than the previous period's close price.
This tutorial includes:
- A step-by-step guide to setting up Hollow Candles on TradingView.
- Examples demonstrating how to read and interpret Hollow Candles.
- Practical applications for using Hollow Candles in trading.
Watch the video to understand how to utilize Hollow Candles for your trading analysis on TradingView.
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