OHLC stands for Open, High, Low, Close, which are the four main components used to describe the price movements of an asset in a specific time period on an OHLC chart.
Here’s what each term means:
• Open (O): The price at which the asset started trading at the beginning of the time period.
• High (H): The highest price reached by the asset during the time period.
• Low (L): The lowest price reached by the asset during the time period.
• Close (C): The price at which the asset was trading when the time period ended.
These values are typically displayed on the top left corner of the chart or on the status line. They help traders understand price behavior within each time frame using the open, high, low, and close strategy.