Trade Stock Indices

Learn Stock Indices Trading for Beginners Tutorials

Drawing Bar Stock Indices Charts in MT4

The third option on the charts menu in MT4 platform is the "Bar Indices Chart" button. This button is used to select the drawing method of stock indices price movement as stock indices price bars.

Bar Indices Chart on Chart Menu in MT4 - Bar Stock Index Chart on Charts Menu on MT4 - Stock Index MetaTrader 4 Bar Stock Index Chart on Charts Menu

To trade on stock indices charts a indices trader may prefer to use the Bar Indices Charts. The above menu button shows how a indices trader can select this option on the MT4 platform.

These are drawn using color coding:

  • Red bar - Indices Price went down
  • Blue bar - Indices Price market went up

These bars also have horizontal line to the left and to the right; these are used to show the opening (left horizontal dash) and the closing (right horizontal dash).

The highest point shows the high of the indices price

The Lowest point shows the low of the indices price

These four points Open, High, Close, Low are Known as OHCL, abbreviation of the first letter for these four levels, these four OHCL levels will be represented on every single bar.

These charts are not very popular among Indices traders as they are not very appealing in terms of technical analysis and traders tend to favor other types.

Regulated Indices Broker Information: Read About Regulated Indices Broker Review

Takes 5 Minutes to Open an Account, Open an Account Early: Open Indices Account


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