Abstract:
New bar and candlestick charts with a price mark for a pre-determined period of time before the market closing (called B-closing price) and with a price mark for a pre-determined period of time after the market opening (called A-opening price) are disclosed. A-opening price and B-closing price show the price trend of a security for a short period of time before the market closing and reflect the sequence of events of a security between the open and close of the market.

Description:
BACKGROUND OF THE INVENTION  
         [0001]    (1) Field of the Invention  
           [0002]    The present invention relates to a new type of candlestick and bar charts and the like in the technical analysis of securities. The new candlestick and bar charts are visually appealing, easier to interpret, and providing more information of the price trend for a short period of time before the market closes.  
           [0003]    (2) Prior Art  
           [0004]    The candlestick and bar charts are well known in the prior art and commonly used in technical analysis of securities. A candlestick chart, as shown in FIG. 1 a  and FIG. 1 b , is formed using of opening price ( 12 ), highest price ( 10 ), lowest price ( 17 ), and closing price ( 13 ) of a security in a trading period. If the closing price is higher than the opening price, then a hollow candlestick ( 14 ), usually displayed as white, is drawn. If the closing price is lower than the opening price, then a filled candlestick ( 15 ), usually displayed as black, is drawn. The hollow or filled portion of the candlestick is called the real body (also referred to as the “body”). The thin lines above and below the real body represent the high and low range of the stock price and are called shadows (also referred to as wicks and tails). The highest price ( 10 ) is marked by the top of the upper shadow ( 11 ) and the lowest price ( 17 ) is marked by the bottom of the lower shadow ( 16 ).  
           [0005]    There are varieties of prior art discussing candlestick chart. Those prior art include a book: “Technical Analysis From A to Z” by Steven B. Achelis and an article on internet: “Introduction to Candlesticks” on www.stockcharts.com,  
           [0006]    However the candlestick and bar charts do not show the price trend of the short period of time before the market closing and not reflect the sequence of events between the opening price and the closing price of a security. It is important to display the price trend for a short period of time before the market closing. The price trend of a short period of time, for example half hour, before the market closes will influence the next day&#39;s opening price unless there is an event takes place after market closes.  
           [0007]    Therefore a new type of candlestick and bar charts are needed to provide information of the price trend of a security within a short period of time before the market closing and sequence of events between the opening price and the closing price of a security.  
         BRIEF SUMMARY OF THE INVENTION  
         [0008]    In the present invention, (1) candlestick and bar charts and the like with a price mark of a pre-determined period of time before the market closing, called B-closing price, are disclosed; (2) candlestick and bar charts and the like with a price mark of a pre-determined period of time after the market opening, called A-opening price, are disclosed; (3) candlestick and bar charts and the like with both B-closing price and A-opening price are disclosed.  
           [0009]    The primary object of the present invention is to provide a new type of candlestick and bar charts such that the charts will show the price trend of a security for a short period of time before the market closes.  
           [0010]    The second object of this invention is to provide a new type of candlestick and bar charts such that traders will find useful information of events happened after the market opening and before the market closing.  
           [0011]    Further objects and advantages of the present invention will become apparent from a consideration of the ensuing description and drawings. More advantages will become obvious when combining the new candlestick and bar charts with well-known patterns, such as Hammer and Hanging Man, Inverted Hammer, Shooting star, Blending Candles, Harami Position, Doji, Marubozu, Spinning Tops, etc.  
       
    
    
     BRIEF DESCRIPTION OF THE SEVERAL VIEWS OF DRAWINGS  
       [0012]    The novel features believed characteristic of the present invention are set forth in the claims. The invention itself, as well as other features and advantages thereof will be best understood by referring to detailed descriptions that follow, when read in conjunction with the accompanying drawings, wherein:  
         [0013]    [0013]FIG. 1 a  shows a candlestick chart of prior art with white real body.  
         [0014]    [0014]FIG. 1 b  shows a candlestick chart of prior art with black real body.  
         [0015]    [0015]FIG. 2 a  shows a candlestick chart with white real body and B-closing price above the white real body.  
         [0016]    [0016]FIG. 2 b  shows a candlestick chart with black real body and B-closing price above the black real body.  
         [0017]    [0017]FIG. 3 a  shows a candlestick chart with white real body and B-closing price inside the white real body.  
         [0018]    [0018]FIG. 3 b  shows a candlestick chart with black real body and B-closing price inside the black real body.  
         [0019]    [0019]FIG. 4 a  shows a candlestick chart with white real body and B-closing price below the white real body.  
         [0020]    [0020]FIG. 4 b  shows a candlestick chart with black real body and B-closing price below the black real body.  
         [0021]    [0021]FIG. 5 a  shows a candlestick chart with white real body and A-opening price above the white real body.  
         [0022]    [0022]FIG. 5 b  shows a candlestick chart with black real body and A-opening price above the black real body.  
         [0023]    [0023]FIG. 6 a  shows a candlestick chart with white real body and A-opening price inside the white real body.  
         [0024]    [0024]FIG. 6 b  shows a candlestick chart with black real body and A-opening price inside the black real body.  
         [0025]    [0025]FIG. 7 a  shows a candlestick chart with white real body and A-opening price below the white real body.  
         [0026]    [0026]FIG. 7 b  shows a candlestick chart with black real body and A-opening price below the black real body.  
         [0027]    [0027]FIG. 8 a  shows a candlestick chart with white real body and both B-closing price and A-opening price above the white real body.  
         [0028]    [0028]FIG. 8 b  shows a candlestick chart with black real body and both B-closing price and A-opening price above the black real body.  
         [0029]    [0029]FIG. 9 a  shows a candlestick chart with white real body and both B-closing price inside the white real body and A-opening price above the white real body.  
         [0030]    [0030]FIG. 9 b  shows a candlestick chart with black real body and both B-closing price inside the black real body and A-opening price above the black real body.  
         [0031]    [0031]FIG. 10 a  shows a candlestick chart with white real body and both B-closing price below the white real body and A-opening price above the white real body.  
         [0032]    [0032]FIG. 10 b  shows a candlestick chart with black real body and both B-closing price below the black real body and A-opening price above the black real body.  
         [0033]    [0033]FIG. 11 a  shows a candlestick chart with white real body and both B-closing price above the white real body and A-opening price inside the white real body.  
         [0034]    [0034]FIG. 11 b  shows a candlestick chart with black real body and both B-closing price above the black real body and A-opening price inside the black real body.  
         [0035]    [0035]FIG. 12 a  shows a candlestick chart with white real body and both B-closing price and A-opening price inside the white real body.  
         [0036]    [0036]FIG. 12 b  shows a candlestick chart with black real body and both B-closing price and A-opening price inside the black real body.  
         [0037]    [0037]FIG. 13 a  shows a candlestick chart with white real body and both B-closing price below the white real body and A-opening price inside the white real body.  
         [0038]    [0038]FIG. 13 b  shows a candlestick chart with black real body and both B-closing price below the black real body and A-opening price inside the black real body.  
         [0039]    [0039]FIG. 14 a  shows a candlestick chart with white real body and both B-closing price above the white real body and A-opening price below the white real body.  
         [0040]    [0040]FIG. 14 b  shows a candlestick chart with black real body and both B-closing price above the black real body and A-opening price below the black real body.  
         [0041]    [0041]FIG. 15 a  shows a candlestick chart with white real body and both B-closing price inside the white real body and A-opening price below the white real body.  
         [0042]    [0042]FIG. 15 b  shows a candlestick chart with black real body and both B-closing price inside the black real body and A-opening price below the black real body.  
         [0043]    [0043]FIG. 16 a  shows a candlestick chart with white real body and both B-closing price and A-opening price below white real body.  
         [0044]    [0044]FIG. 16 b  shows a candlestick chart with black real body and both B-closing price and A-opening price below black real body.  
         [0045]    [0045]FIG. 17 shows a bar chart of prior art.  
         [0046]    [0046]FIG. 18 shows a new bar chart with B-closing price.  
         [0047]    [0047]FIG. 19 shows a new bar chart with A-opening price.  
         [0048]    [0048]FIG. 20 shows a new bar chart with both B-closing price and A-opening price. 
     
    
     DETAILED DESCRIPTION OF THE INVENTION  
       [0049]    While embodiments of this invention will be described below, those skilled in the art will recognize that other price marks and methods are capable of implementing the principles of this invention. Thus the following description is illustrative only and not limiting.  
         [0050]    Reference is specifically made to the drawings wherein like numbers are used to designate like members throughout.  
         [0051]    An Embodiment of B-closing price and A-opening price of the present invention is the following: B-closing price may be the price at a pre-determined time, for example 30 minutes, before the market closes. A-opening price may be the price at a pre-determined time, for example 30 minutes, after the market opens.  
         [0052]    Other embodiment is the following: B-closing price may be the highest price within a pre-determined period of time before the market closes when B-closing price is higher than the closing price. In this embodiment B-closing price shows that, before the market closes, the price drops to close at the closing price. A-opening price may be the highest price within a pre-determined period of time after the market opens when A-opening price is higher than the opening price. In this embodiment A-opening price shows that after the market opens the price goes up.  
         [0053]    Another embodiment is that B-closing price may be the lowest price within a pre-determined period of time before the market closes when B-closing price is lower than the closing price. In this embodiment B-closing price shows that, before the market closes, the price goes up to close at the closing price. A-opening price may be the lowest price during a pre-determined period of time after the market opens when A-opening price is lower than the opening price. In this embodiment A-opening price shows that after the market opens the price goes down.  
         [0054]    The B-closing price and A-opening price of the present invention may be used, but not limited, to candlestick and bar charts with trading period of time shorter than minute, periods of minute, , hour, day, week, month, year, and period of time longer than a year.  
         [0055]    B-closing price is marked by, but not limited to, a dotted line and located on the right hand side of upper and lower shadows and on the right hand side of white and black real bodies. A-opening price is marked by, but not limited to, a dotted line and located on the left hand sides of upper and lower shadows and on the left hand side of white and black real bodies.  
         [0056]    On the same chart A-opening price and B-closing price may be different kinds of prices. Different kinds of prices comprise the price at a pre-determined time, the highest price within a pre-determined period of time, and lowest price within a pre-determined period of time.  
         [0057]    [0057]FIG. 1 a  shows a candlestick chart comprising highest price  10  for a trading period, upper shadow  11 , opening price  12 , closing price  13  which is higher than opening price  12 , white real body  14  which is the price range between opening price  12  and closing price  13 , lower shadow  16 , lowest price  17  for the trading period.  
         [0058]    [0058]FIG. 1 b  shows a candlestick chart comprising highest price  10  for a trading period, upper shadow  11 , opening price  12 , closing price  13  which is lower than opening price  12 , black real body  15  which is the price range between opening price  12  and closing price  13 , lower shadow  16 , lowest price  17  for the trading period.  
         [0059]    [0059]FIG. 2 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , B-closing price  20  is the price at a predetermined period of time before the market closes and is in the range of upper shadow  11 . The price drops from B-closing price  20  to close at closing price  13 .  
         [0060]    [0060]FIG. 2 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , black real body  15 , B-closing price  20  is in the range of upper shadow  11 . Within a predetermined period of time before the market closes, the price drops from higher than opening price  12  to close at closing price  13 . This B-closing price  20  also indicates that the opening price of the next trading period will most likely be lower.  
         [0061]    [0061]FIG. 3 a ; shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , white real body  14 , B-closing price  20  within white real body  14 . B-closing price  20  shows that before the market closes, the price goes up to close at closing price  13  which is higher than opening price  12 .  
         [0062]    [0062]FIG. 3 b  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , black real body  15 , B-closing price  20 . B-closing price  20  shows that before the market closes the price drops to close at closing price  13  that is lower than opening price  12 .  
         [0063]    [0063]FIG. 4 a  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , white real body  14 , lower shadow  16 , B-closing price  20  within lower shadow  16 . B-closing price  20  shows that before the market closes, the price goes up to close at closing price  13  which is higher than opening price  12  and that most likely the opening price of the next trading period will be higher.  
         [0064]    [0064]FIG. 4 b  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , black real body  15 , B-closing price  20 . B-closing price  20  shows that before the market closes, the price goes up to close at closing price  13  that is lower than opening price  12 .  
         [0065]    [0065]FIG. 5 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , A-opening price  50  which is the price for a pre-determined period of time after market opening, is within upper shadow  11 , and is on the left hand side of upper shadow. A-opening price  50  shows that after the market opening, the price goes up strongly and higher than closing price  13 .  
         [0066]    [0066]FIG. 5 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , black real body  15 , A-opening price  50  that is within upper shadow  11 . A-opening price  50  shows that after the market opening, the price goes up.  
         [0067]    [0067]FIG. 6 a  shows a candlestick chart of the present invention comprising opening price  12 , white real body  14 , A-opening price  50  that is within white real body  14 . A-opening price  50  shows that after the market opening the price goes up.  
         [0068]    [0068]FIG. 6 b  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , black real body  15 , A-opening price  50  that is within black real body  15 . A-opening price  50  shows that after the market opening the price goes down.  
         [0069]    [0069]FIG. 7 a  shows a candlestick chart of the present invention comprising opening price  12 , lower shadow  16 , A-opening price  50  that is within lower shadow  16 . A-opening price  50  shows that after the market opening the price goes down.  
         [0070]    [0070]FIG. 7 b  shows a candlestick chart of the present invention comprising opening price  12 , lower shadow  16 , A-opening price  50  that is within lower shadow  16 . A-opening price  50  shows that after the market opening the price goes down sharply to lower than closing price  13  and that most likely the opening price of the next trading period will be lower.  
         [0071]    [0071]FIG. 8 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , B-closing price  20  which is within upper shadow  11 , A-opening price  50  which is within upper shadow  11 . A-opening price  50  shows that after the market opens the price goes up strongly and higher than closing price  13 . B-closing price  20  shows that before the market closing the price goes down to close at closing price  13 .  
         [0072]    [0072]FIG. 8 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , B-closing price  20  which is within upper shadow  11 , A-opening price  50  which is within upper shadow  11 : A-opening price  50  shows that after the market opening the price goes up. B-closing price  20  shows that before the market closes the price goes down sharply from above the opening price  12  to close at closing price  13 . Therefore most likely the opening price of the next trading period will be lower.  
         [0073]    [0073]FIG. 9 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , B-closing price  20  which is within white real body  14 , A-opening price  50  which is within upper shadow  11 . A-opening price  50  shows that after the market opens the price goes up strongly and higher than closing price  13 . B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0074]    [0074]FIG. 9 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , black real body  15 , B-closing price  20  which is within black real body  15 , A-opening price  50  which is within upper shadow  11 . A-opening price  50  shows that after the market opens the price goes up. B-closing price  20  shows that before the market closes the price goes down to close at closing price  13 .  
         [0075]    [0075]FIG. 10 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , B-closing price  20  which is within lower shadow  16 , A-opening price  50  which is within upper shadow  11 . A-opening price  50  shows that after the market opens the price goes up strongly and is higher than closing price  13 . B-closing price  20  shows that before the market closes the price goes up strongly from below opening price  12  to close at closing price  13 . Most likely the opening price of the next trading period will be higher.  
         [0076]    [0076]FIG. 10 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , black real body  15 , B-closing price  20  which is within lower shadow  16 , A-opening price  50  which is within upper shadow  11 . A-opening price  50  shows that after the market opens the price goes up. B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0077]    [0077]FIG. 11 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , B-closing price  20  which is within upper shadow  16 , A-opening price  50  which is within white real body  14 . A-opening price  50  shows that after the market opens the price goes up. B-closing price  20  shows that before the market closes the price goes down to close at closing price  13 .  
         [0078]    [0078]FIG. 11 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening,price  12 , closing price  13 , black real body  15 , B-closing price  20  which is within upper shadow  16 , A-opening price  50  which is within black real body  15 . A-opening price  50  shows that after the market opens the price goes down. B-closing price  20  shows that before the market closes the price goes down poorly from higher than opening price  12  to close at closing price  13 . Most likely the opening price of the next trading period will be lower.  
         [0079]    [0079]FIG. 12 a  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , white real body  14 , B-closing price  20  which is within white real body  14 , A-opening price  50  which is within white real body  14 . A-opening price  50  shows that after the market opens the price goes up and is lower than closing price  13 . B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0080]    [0080]FIG. 12 b  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , black real body  15 , B-closing price  20  which is within black real body  15 , A-opening price  50  which is within black real body  15 . A-opening price  50  shows that after the market opens the price goes down. B-closing price  20  shows that before the market closes the price goes down to close at closing price  13 .  
         [0081]    [0081]FIG. 13 a  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , white real body  14 , lower shadow  16 , B-closing price  20  which is within lower shadow  16 , A-opening price  50  which is within white real body  14 . A-opening price  50  shows that after the market opens the price goes up and is lower than closing price  13 . B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0082]    [0082]FIG. 13 b  shows a candlestick chart of the present invention comprising opening price  12 , closing price  13 , black real body  15 , lower shadow  16 , B-closing price  20  which is within lower shadow  16 , A-opening price  50  which is within black real body  15 . A-opening price  50  shows that after the market opens the price goes down. B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0083]    [0083]FIG. 14 a  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , white real body  14 , lower shadow  16 , B-closing price  20  which is within upper shadow  11 , A-opening price  50  which is within lower shadowl 6 . A-opening price  50  shows that after the market opens the price goes down and is lower than opening price  12 . B-closing price  20  shows that before the market closes the price goes down to close at closing price  13 .  
         [0084]    [0084]FIG. 14 b  shows a candlestick chart of the present invention comprising upper shadow  11 , opening price  12 , closing price  13 , lower shadow  16 , B-closing price  20  which is within upper shadow  11 , A-opening price  50  which is within lower shadowl 6 . A-opening price  50  shows that after the market opens the price goes down and is lower than closing price  13 . B-closing price  20  shows that before the market closes the price goes down to its closing price  13 . Most likely the opening price of the next trading period will be lower.  
         [0085]    [0085]FIG. 15 a  shows a candlestick chart of the present invention comprising lower shadow  16 , opening price  12 , closing price  13 , white real body  14 , B-closing price  20  which is within white real body  14 , A-opening price  50  which is within lower shadowl 6 . A-opening price  50  shows that after the market opens the price goes down and is lower than opening price  12 . B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0086]    [0086]FIG. 15 b  shows a candlestick chart of the present invention comprising lower shadow  16 , opening price  12 , closing price  13 , black real body  15 , B-closing price  20  which is within black real body  15 , A-opening price  50  which is within lower shadowl 6 .  
         [0087]    A-opening price  50  shows that after the market opens the price goes down and is lower than closing price  13 . B-closing price  20  shows that before the market closes the price goes down to close at closing price  13 .  
         [0088]    [0088]FIG. 16 a  shows a candlestick chart of the present invention comprising lower shadow  16 , opening price  12 , closing price  13 , B-closing price  20  which is within lower shadow  16 , A-opening price  50  which is within lower shadow  16 . A-opening price  50  shows that after the market opens the price goes down. B-closing price  20  shows that before the market closes the price goes up sharply to close at closing price  13 .  
         [0089]    [0089]FIG. 16 b  shows a candlestick chart of the present invention comprising lower shadow  16 , opening price  12 , closing price  13 , B-closing price  20  which is within black real body  15 , A-opening price  50  which is within lower shadowl 6   6 . A-opening price  50  shows that after the market opens the price goes down and is lower than closing price  13 . B-closing price  20  shows that before the market closes the price goes up to close at closing price  13 .  
         [0090]    [0090]FIG. 17 shows a bar chart of prior art comprising highest price  173  for the trading period, vertical bar  175  which shows the range of prices during the period of trading, opening price  171  which is on the left hand side of vertical bar  175 , closing price  172  which is on the right hand side of vertical bar  175 , lowest price  174  for the trading period.  
         [0091]    [0091]FIG. 18 shows a new bar chart of the present invention comprising opening price  171 , closing price  172 , trading range  175 , and B-closing price  20 . An embodiment is that B-closing price  20  is lower than closing price  172  as shown in FIG. 18. Another embodiment is that B-closing price  20  is higher than closing price  172 .  
         [0092]    [0092]FIG. 19 shows a new bar chart of the present invention comprising opening price  171 , closing price  172 , and A-opening price  50 . An embodiment is that A-opening price  50  is lower than opening price  172  as shown in FIG. 19. Another embodiment is that A-opening price  50  is higher than opening price  172 .  
         [0093]    [0093]FIG. 20 shows an embodiment of a new bar chart of the present invention comprising opening price  171 , closing price  172 , B-closing price  20  which is higher than closing price  172 , and A-opening price  50  which is higher that opening price  171 . A-opening price  50  shows that after the market opens the price goes up. B-closing price  20  shows that before the market closes the price goes down to close at closing price  172 .  
         [0094]    Although the description above contains many specifications, these should not be construed as limiting the scope of the present invention but as merely providing illustrations of some of the presently preferred embodiments of the present invention.  
         [0095]    Therefore the scope of the present invention should be determined by the claims and their legal equivalents, rather than by the examples given.