Monk's Den

[DayTradingAlgo]

Same goes for down days.

A solid red candle means the price went down, and closed below the previous candle's closing price.

A solid black candle means the price closed lower than the previous candle's close, but that candle actually closed higher than it opened. So in essence, it gapped down, went up, but failed to close higher than the previous candle's close.