Volume explained | Understanding the volume bars on the price chart

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Volume explained | Understanding the volume bars on the price chart

We started out by breaking down the trade history in GDAX, and we showed how the trade history can be sliced or partitioned into groups. We saw that each group is used to generate a candlestick. If we have a slice of the trade history, all we have to do to build a candlestick is pick out the open, high, low and close values in the group. These values are also known as OHLC values for short and are used to build each candlestick. The intervals or periods that determines the size of each slice are arbitrary, we could choose any value for this, but the most common is the 1 day interval.

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