I'm just curious. I included the 5-year criterion to see if there is any notable difference between what newer traders prefer and those traders that have been at it a while longer. Please participate in the poll and feel free to post any comments. Thank you.
I think the only reason to use OHLC instead of candlesticks is if you trade primarily (or exclusively) based on oscillators. OHLC is more compact. I find OHLC utterly worthless. Candlesticks show everything that OHLC does with the added benefit that you instantly see whether a particular day was an "up" day or "down" day. I use regular arithmetic candlestick charts.
I favor OHLC and I don't use any indicators. As for "instantly" seeing whether a particular day (or bar) was an up bar, my OHLC bars turn green when they close up and red when they close down, as I imagine is the case with most people who use OHLC charts. So I don't think that the "instant" thing is a valid argument. Even so, I appreciate your opinion. I have been using OHLC bars from the get-go, but have come to notice that more and more people seem to favor candlesticks. Certainly the poll results thus far support that observation. I just can't quite understand why the most basic configuration, with a little twig at the left and right side of the bar representing the Open and Close, is not preferred by more people.
Systems are different. I use bigcharts.com and the bar chart is worthless there. Observe: (image 1) is barcharts image 2 is candlestick
I have traded for FEWER than 2 years and it depends on the time frame. 1 - 5 min: Bar 15, 30 and 60 minutes: Candlestick Daily: Candlestick Weekly: Bar