Trade Stock Indices

Learn Stock Indices Trading

MT4 Candlesticks Chart Indices Trading

A Indices Trading chart is a graphical representation of stock indexes price movement of a indices trading instrument over a given period of time.


Drawn on a grid and the user is at liberty to choose which indices chart time frame they want to trade with. The indices trader may choose to use hourly stock indices charts, daily indices charts or even 1 minute indices chart time frames.


To draw stock indices charts, three methods are used. The methods used to draw the indices charts defines the type of stock indexes trading chart.

The three types of indices charts are: - Candlesticks Chart Indices Trading - Bar Chart Indices Trading


  1. Line charts

  2. Bar charts

  3. Candlesticks indices charts- Most popular


Line Indices Chart

A single line is drawn from one closing stock indexes price to the next, forming a continuous line.


This type of stock indices chart provides very little information on the chart and is therefore not very popular among stock indexes traders. In fact this type of stock indices chart is rarely used.


Line Indices Trading Chart in Indices Trading - This type of stock indices chart leaves out important information about stock indexes price movement. Information such as opening, high and low point of the stock indexes price which are not represented on the graph.


This makes this type of indices line stock indices chart to be considered sketchy by stock indexes trading technical analysts.


The stock indices chart below shows an example of a indices line stock indexes trading chart.

Indices Trading Line Stock Indexes Chart - MT4 Line Chart Indices Trading



Bar Indices Chart

Indices Trading Bar Chart Indices Trading - This type of stock indices chart shows the opening, closing, the high and the low, for a particular stock indexes price interval and is represented by bars that look like the ones drawn below - hence its name bar indices charts


  • Bar Chart Indices Trading - bar stock indices chart has a vertical bar showing the total stock indexes price movement.

  • Left horizontal bar the opening

  • Right horizontal bar the closing

  • High and low denoted by the highest and lowest point


However, these indices trading bar stock indexes trading charts are not very easy to work with, especially when they are not magnified. It becomes very hard to interpret the bar indices charts with ease when trading the stock indexes trading market thus making them not very popular among stock indexes traders.


Bullish and Bearish Bar Chart Indices Trading

Indices Trading Bar Indices Chart



A Bar chart that is not magnified makes it hard to view the opening and closing stock indexes price as illustrated by this example:

Bar Chart Indices Trading in Indices Trading


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Candlestick Indices Chart

Indices Candlesticks Chart Indices Trading - This is the most widely used type of stock indices charts, they resemble candles, thus their name - candlesticks stock indices charts.


Candlesticks charts shows the opening, closing, the high and the low of a particular stock indexes price interval.


The range between the open stock indexes price and the close stock indexes price is called the body of the candlestick.


Indices Trading candlesticks indices charts is the most popular type of indices charts among online indices traders because it is the easiest to interpret when trading the stock indexes trading market. Indices Trading candlestick indices charts also gives a lot of information about the stock indexes price movement. This makes candlesticks indices charts the most widely used type of charting in Indices.

Bullish and Bearish Indices Candlesticks

Candlesticks Indices Trading Chart Indices


Below is an example of candlesticks stock indices charts. To learn and know more about candlesticks stock indices charts, read this topic: Technical Analysis of Japanese Indices Candlesticks Patterns in Indices Trading.

Indices Trading Japanese Candlesticks Chart Indices Trading



How To Select These Indices Trading Chart Types on MT4

To draw any of these types of indices charts on the MT4 Platform a indices trader can use the buttons below found on this MetaTrader 4 stock indexes trading platform.

Line chart - Bar Indices Chart

Drawing Chart Indices Trading on MT4




  • To Select a Bar Indices Trading Chart Click the Bar Button


  • To Select a Candlesticks Indices Trading Chart Click the Candlestick Button


  • To Select a Line Chart Indices Trading - Click the Line Button


 

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