Indicators List
How Do I Trade Indices and Predict Indices Charts using Stock Indices Charts Patterns Analysis?
There are Three types of charts used in Indices: Line Chart, Bar Chart and Candlesticks Stock Indices Chart - Indices Trading Predict Indices Charts.
How to Trade Chart Analysis
Line Stock Indices Charts - line charts draw a continuous line connecting closing prices of a indices.
Line Charts - Indices Trading Predict Indices Charts
Bar Chart - indices bar stocks charts are shown as a sequence of O-H-C-L bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening stocks price is shown as a horizontal hyphen on the left & closing stocks price as a horizontal hyphen on the right.
Bar Charts - Indices Trading Predict Stock Indices Charts New Traders
The main disadvantage of indices bar stock chart is that it is not visually appealing, henceforth most traders do not use them.
Candlesticks Charts - these candles charts use the same stock price data as bar charts (open, high, low, & close). However, they are illustrated in a much more visually identifiable manner that resembles a candlestick that has wicks on both ends.
How to Analyze Candles Charts
rectangle part of the candle is known as body.
The high and low of the candle are known as shadows & are drawn as poking lines.
Indices Trading Predict Indices Charts
color of the candlestick is either blue or red:
- (Blue or Green Colour Candles) - Prices headed up
- (Red Colour Candlesticks) - Prices headed down
Most stock indices softwares like the MetaTrader 4 Platform Software, use colour to mark direction of the price. Candles colour used are blue or green: when stock price moves up, color of candle is blue: when stock price moves down, color of candle stick is red.
Candles Stock Indices Charts vs Bar Charts
When Indices candlesticks stock charts are used it's very easy to see if the stock price moved up or down as opposed to when indices bar stocks charts are used.
Japanese candles charts techniques also have very many candlesticks formations that are used to trade the Indices Trading Markets. These stock chart setups have different trading analysis interpretation and the most common are:
Charts Online Indices Lesson Beginner Traders Guide Beginners
The above stock candles patterns is what makes the Japanese candlesticks stock chart patterns popular among traders & it's why this type of stock chart analysis trading analysis are most often utilized when it comes to analyzing the Indices market.
Stock Indices Analysis
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- How Can I Use MetaTrader 5 Fibonacci Pullback Levels in MT5 Platform?
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