🧵 Untitled Thread
Anonymous at Mon, 11 Mar 2024 14:55:38 UTC No. 16068166
How do you properly read this graph? More specifically,
What does the thin biggest line represent?
How are the edges of the boxes/candleshapes determined?
Why choose that specific determination measure?
The horizontal line within the box is the median supposedly, why choose the median and not average?
Thanks
Anonymous at Mon, 11 Mar 2024 15:06:29 UTC No. 16068174
>>16068166
Imagine being this colossally fucking butthurt lmao
Anonymous at Mon, 11 Mar 2024 15:08:01 UTC No. 16068178
>>16068166
the end of the bottom wick represents the lowest traded price for the given interval, while the end of the top wick is the highest traded price. The top and bottom of the candle represent open and close price of the given interval depending on the color of the candle stick. I am not familiar with the black dots, but my guess it is some kind of order flow tracking.
Anonymous at Mon, 11 Mar 2024 15:12:50 UTC No. 16068183
>>16068178
These are not trading candles.
Anonymous at Mon, 11 Mar 2024 15:27:39 UTC No. 16068206
>>16068166
Long thin lines represent the range.
The chunky boxes represent some confidence interval.
The median is less influenced by extreme values than the mean, so is usually more informative about a typical member of the population.
>Why choose that specific determination measure?
How should we know? Read whatever paper it's from.
Anonymous at Mon, 11 Mar 2024 15:54:12 UTC No. 16068244
>>16068206
Ok, thanks.
Anonymous at Mon, 11 Mar 2024 16:31:28 UTC No. 16068325
Those are box graphs. The thick line is the median, which is usually more informative than mean, because it is not influenced by extreme values that much. Consider mean and median income for example. If you got a couple millionaires in the data set, the mean will be much higher and the median much closer to the income of a normal person.
The box marks the range in which 50% of the observations fall. 25% below and 25% above the median. The thin lines mark the other 50% of the data set, again 25% above and below the range of the box. Extreme outliers are usually excluded. That way you have a fast and easy to read impression of the distribution and range of a data set and can visually compare different data sets. Dont confuse it with confidence intervals.
>>16068178
>your mind on /biz/
Anonymous at Mon, 11 Mar 2024 16:56:18 UTC No. 16068362
>>16068178
That's a box plot retard, not a candle.
Anonymous at Mon, 11 Mar 2024 17:13:47 UTC No. 16068420
>>16068325
Great, thanks. But why not rank order it by the median then and instead rank order it by the upper thin line.