- Futures
- Contracts that let traders buy or sell a market (here the Nasdaq-100 stock index) at today's price, traded almost around the clock.
- NQ
- The symbol for Nasdaq-100 futures. CandleLab's practice charts are modelled on how NQ moves.
- Price
- The value at which something trades right now.
- Chart
- A picture of how price has moved over time.
- Candlestick (candle)
- A picture of what price did during one period of time.
- Timeframe
- How much time each candle covers, for example 5 minutes.
- Point
- The unit these prices are counted in. From 20,000.00 to 20,001.00 is one point.
- Tick
- The smallest step price can move. On CandleLab's charts one tick is 0.25 points.
- Price scale
- The prices along the right edge of a chart. Go straight across from any point to read its price.
- Open
- The price at the start of a candle's period.
- Close
- The price at the end of a candle's period.
- High
- The highest price reached during the candle's period.
- Low
- The lowest price reached during the candle's period.
- Body
- The thick part of a candle, between the open and the close.
- Wick
- The thin line above or below the body, showing prices reached beyond it.
- Bullish candle
- A candle that closed above its open: buyers pushed price up during that period. Drawn green. It describes that one candle only.
- Bearish candle
- A candle that closed below its open: sellers pushed price down during that period. Drawn red. It describes that one candle only.
- Doji
- A candle whose open and close are exactly the same price. Nearly equal still counts as a direction in CandleLab.
Words from later modules appear here once you reach them.