1. Candlestick Anatomy
Every candlestick on the chart represents the aggregate price movement over your selected time resolution (1m, 5m, 15m, 1h, 4h, 1D):- Open: The price of the first fill during that interval.
- High: The highest price reached during that interval.
- Low: The lowest price reached during that interval.
- Close: The price of the last fill during that interval.
- Color:
- Green Candle: Close > Open (Bullish upward movement).
- Red Candle: Close < Open (Bearish downward movement).
2. Mark Price vs Index Price Line
In perpetuals trading, distinguishing between Mark and Index is vital:- Mark Price (Solid Line / Current Candlestick):
- Reflects the real-time execution price of the contract.
- On the primary rail, this is the curve price. On the secondary rail, this is the worst-of execution price.
- Unrealized PnL is computed against the Mark Price.
- Index Price (Dashed Line):
- Reflects the smoothed moving average (EWMA or Uniswap spot oracle).
- Used for funding rate accrual and manipulation-resistant liquidation qualification.
- If you see a brief wick in the Mark Price that does not move the Index Price, positions are protected from liquidating.
3. Position Overlays
When you hold open positions or resting limit orders on a market, visual indicators appear directly on the chart:- Green Horizontal Line: Your Long entry price (or Buy limit order).
- Red Horizontal Line: Your Short entry price (or Sell limit order).
- Orange Dotted Line: Your Take Profit level.
- Purple Dotted Line: Your Stop Loss level.
- Red Flashing Line: Your Liquidation Price.