Something occurred to me today.
Candlesticks show, for the given time interval, the open and close (body) plus high and low (wick) points. The appearance of individual and collective candlesticks are commonly used to indicate trends and global buy/sell behaviour.
However what happens to the appearance (especially of key candlestick indicators) if you shift the time interval over which each candlestick is calculated. E.g. on 15M, shift the calculation by 5 minutes.
Won't that change the appearance of all candlesticks (especially the body, since the open and close will be different), perhaps even turning previously key trend indicators (e.g. doji) into much more benign markers (or vice versa)?
Does that make sense, and is there an answer?