Daily K, weekly K, monthly K all belong to the K chart, all follow the definition of the K chart, that is, each K line is made up of four elements: the opening price, the closing price, the highest price, the lowest price. Daily K, weekly K, monthly K difference is only in each K line by the cycle is different, so the monthly K line end of the month price is the last day of the month the closing price of the trading price, has nothing to do with the average price.
Daily K: is composed of each day's K line chart, inside a K line represents a day.
Weekly K: is composed of each week's K chart, in which a K line represents a week.
Monthly K: is composed of K charts for each month, in which a K line represents a month.
So, in terms of time span, the monthly K represents a longer period of time and makes it easier to see the lowest prices in history.
T+0: T represents a certain day, +0 is the day after the day 0, is still the meaning of the day. For example, it is often said to do T + 0 to reduce costs, meaning that in the original holdings of the stock, the low point of a day to buy, and then the high point of the day to sell, to amortize the overall cost of the position.
Extended information:
The K-line is plotted with the opening, high, low and closing prices of each analysis cycle. To draw the daily k line, for example, first determine the opening and closing prices, the part between them is drawn as a rectangular entity. If the closing price is higher than the opening price, the k-line is called positive and is represented by a hollow solid. The opposite is called a negative line represented by a black solid or a white solid. Many software can use colored entities to represent the negative and positive lines, in the domestic stock and futures markets , usually red for the positive line, green for the negative line. (However, investors involved in the European and American stock and foreign exchange markets should note that in these markets, green is usually used to represent the positive line and red to represent the negative line, which is just the opposite of what is customary domestically). A thinner line connects the high and low prices to the entity. The line between the highest price and the entity is called the upper shadow, and the line between the lowest price and the entity is called the lower shadow.
In the same way, if a k-line chart is drawn using one minute of price data, it is called a one-minute k-line. If you use one month's data to draw a k-line chart, it is called a monthly k-line chart. Drawing period can be flexible according to the need to choose, in some professional charting software can also see 2 minutes, 3 minutes and other period of the k line.
The k-line is a special language of the market, and different patterns have different meanings.
Reference:
K-Line-Baidu Encyclopedia