candLast

CandLast refers to a specific parameter or setting related to candle data in financial charting or trading platforms. It typically indicates the last available closing price for a given financial instrument's trading session. When analyzing historical price movements, each "candle" on a chart represents a specific time period (e.g., one minute, one hour, one day) and displays the opening, high, low, and closing prices within that period. The candLast value would therefore be the closing price of the most recently completed candle. This value is crucial for traders and analysts as it provides the most up-to-date information on the asset's price at the end of the last recorded interval. It is often used as a benchmark for current market sentiment and as a starting point for predicting future price action. In some contexts, candLast might also be used in algorithmic trading strategies to trigger buy or sell orders based on the most recent closing price. The exact implementation and naming convention can vary between different software and data providers, but the underlying concept of representing the last completed candle's closing price remains consistent.