OHLC charts VS Candlestick Charts
These are two of the most popular ways of displaying data on our charts. They both display the high, open, low, and close of each bar. This means that the information that they display is identical, and it is purely stylistic choice between OHLC charts and Candlestick charts.
Are OHLC charts better than Candlestick charts?
OHLC charts display the information on the chart in a very simplistic manner. This means that, with the way we view them, they put near equal weight on the lows of each bar.
This can be good or bad depending on your own trading style. If you consider the wicks or the tails of the OHLC bars to be less important (a common method when trading candlesticks) reading the OHLC charts becomes more difficult. Without the emphasis of the difference between the open and close, OHLC charts tend to be less visual.
Bruce Banks