Use completed candle closes to set routine transfer rules. A live price helps you monitor the market, but it can change before the current candle ends. For treasury conversions or regular payouts, use the close as a consistent reference and check the live swap quote before sending funds.
- A live candle shows a price that can still move; its close is final for that interval.
- A candle close is a reference, not a guaranteed execution price.
- Use the live quote and expected output to decide whether a transfer can proceed.
What changes between a live price and a candle close?
A live price reflects the latest trade or pool data available to the chart, while a candle close records the final price for a set time interval. A candle also shows the interval’s opening price, highest price, and lowest price: the OHLC values. On a 15-minute chart, the current candle keeps changing until its interval ends.
For the screen-by-screen basics, see how to read a first PooCoin chart; this article focuses on choosing a reference for business transfers. On PooCoin, as on other crypto charting platforms, the displayed update depends on how quickly trades are picked up and shown. A completed candle gives the team a fixed point to record and compare, even if the feed or market moves afterward.
Why use candle closes for a transfer rule?
A close makes a recurring rule easier to apply consistently. For example, a finance team converting funds for a weekly supplier payout might agree to review the one-hour candle close at a set time, then proceed only if the price is within its approved range. That avoids changing the rule every time the live price flickers.
Suppose the example rule allows a conversion when the one-hour close is at or above $1.00. If the candle closes at $1.01, the condition is met; a live price of $1.01 partway through the hour is only provisional. The team should still check the swap’s quoted output before approving the transfer. These figures are illustrative, not a recommended threshold.
The interval affects how quickly the rule responds. Shorter candles, such as five or 15 minutes, react sooner but can produce more threshold crossings. Longer candles, such as one or four hours, smooth out some short-lived moves but may leave the team acting on older information. Choose an interval that fits the review schedule and the delay your payout process can tolerate.
What should the team check before sending?
Check the executable quote, because a candle close does not promise that a swap can happen at that price. On a decentralised exchange, the amount received depends on the selected trading pool, its available liquidity, the swap size, and any price impact—the change in price caused by the trade itself. A large conversion against a shallow pool can return much less than a chart price suggests.
There is also a boundary case: a candle may close at the desired level just as liquidity thins or a new trade moves the price. The close remains valid as a record for that interval, but it may no longer describe the current market. For treasury records, save the interval, pair, close, timestamp, and quoted output; keep the quote and the completed-candle reference distinct.
Use a completed close to trigger review, and send only when the live quote meets the team’s approved execution limits.
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