How Do I Interpret Meta Trader 4 Charts?
How Do I Interpret MetaTrader 4 Charts?
There are Three types of Meta Trader 4 Charts used in Indices:
MT4 Line Charts - MetaTrader 4 line charts plot a continuous line connecting closing prices.
How Do I Interpret MetaTrader 4 Charts? - How Do I Read MetaTrader 4 Charts?
Meta Trader 4 Bar Charts - MT4 bar stocks charts are illustrated as a sequence of O-H-C-L bars. OHCL represents OPEN HIGH LOW and CLOSE. The Opening price is illustrated as a horizontal dash to the left and closing price is illustrated as a horizontal dash to the right.
How Do You Analyze MetaTrader 4 Charts? - How Do I Read MetaTrader 4 Charts?
The main disadvantage of Meta Trader 4 bar stock chart - MT4 Bar Chart is that it is not visually appealing, henceforth most traders don't use Meta Trader 4 Bar Charts.
Candles Chart MT4 Candle-sticks Charts - these MT4 candles charts use the same price information as MT4 bar charts (open price, high price, low price, & close price). However, MT4 candlesticks charts are presented in a more visually identifiable way which looks like a candlestick with wicks on both its ends.
How to Analyze Candles MetaTrader 4 Charts
rectangle part of the MetaTrader 4 candle stick is called the body.
The high price and low stock trading price are referered to as shadows and are drawn as poking lines.
How Do You Interpret MT4 Charts - How Do I Trade MT4 Charts?
color of MetaTrader 4 trading candlestick is either blue or red:
- (Blue or Green Colour Candlesticks) - Prices moved up
- (Red Colour Candlesticks) - Prices went down
Most platform softwares like the MetaTrader 4 Stock Software - uses colors to mark the direction of the market price. MetaTrader 4 Candles Chart colour used are blue or green: when price moves upward, color of Meta Trader 4 Candle is blue: when price moves downwards, color of Meta Trader 4 Candle is red.
How Do You Interpret MT4 Charts?
When Meta Trader 4 candles charts are used it's very easy to see if the prices moved upward or downward as opposed to when Meta Trader 4 bar stocks charts are used.
Japanese candlestick charts techniques also have very many various types of setups - the most common are:
MT4 Chart Analysis
The above Meta Trader 4 Charts Analysis is what makes the Meta Trader 4 Candle-sticks Chart Analysis popular among traders & it this why this type of technical MetaTrader 4 Chart analysis is the most widely used when it comes to analyzing the market.
How Do You Read MetaTrader 4 Charts?
More Lessons & Topics:
- Factor Influencing Index Moves
- How to Develop a Indices Trading Strategy
- How to Trade Index Course Tutorial Course for Beginners
- Best Strategy to US100 Course
- How to Trade Dow Jones Index in MT5 Platform
- Learn Bollinger Bands Index Strategy for Beginners
- How to Add Fibo Pullback Levels in Trading Charts
- How to Interpret a Upward Trend on Trading Charts
- How Can I Add US100 in MT4 iPad Trade App?
- Stock Index Pivot Points Support & Resistance Levels
