How Can I Interpret MT4 Charts?
How Can I Interpret MT4 Charts?
There are Three types of MT4 Charts used in Indices:
MT4 Line Charts - MT4 line charts plot a continuous line connecting/joining closing prices.
How Can I Interpret MT4 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 & CLOSE. The Opening price is shown/illustrated as a horizontal dash hyphen on the left and closing price is shown and illustrated as a horizontal dash hyphen on the right.
How Can You Interpret MT4 Charts? - How Do I Read MetaTrader 4 Charts?
The main disadvantage of MT4 bar stock chart - MT4 Bar Chart is that it's not visually appealing identifiable, henceforth most traders don't use MT4 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, MetaTrader 4 candles charts are presented in a more visually identifiable way which looks like a candle with wicks on both its ends.
How to Interpret Candles MT4 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 and protruding lines.
How Can You Analyze MetaTrader 4 Charts - How Do I Trade MT4 Charts?
color of MT4 trading candle is either blue or red:
- (Blue or Green Color Candlesticks) - Prices moved up
- (Red Colour Candlesticks) - Prices went down
Most platforms such as the MT4 Stock Software - uses colors to mark the direction of price. MT4 Candles Chart colour used are blue or green: when price moves upward, color of MT4 Candle is blue: when price moves downwards, color of MT4 Candle is red.
How Can You Analyze MT4 Charts?
When MT4 candles charts are used it's very easy to see if prices moved upward or downward as compared to when MT4 bar stocks & shares charts are used.
Japanese candle charts techniques/methods also have very many various types of setups - the most common are:
MT4 Chart Analysis
The above MetaTrader 4 Charts Analysis is what makes the MT4 Candle-sticks Chart Analysis popular among traders & it this why this type of technical MT4 Chart analysis is the most widely used when it comes to analyzing the market.
How Do You Read MetaTrader 4 Charts?
More Lessons and Tutorials & Topics:
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- How to Create a Stock Index Strategy
- How to Trade Index Training Tutorial Guide Tutorial for Beginner Traders
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- How to Trade Dow Jones Index in MetaTrader 5 Platform
- Learn Bollinger Band Index Trading Strategy for Beginner Traders
- How to Add Fibonacci Pullback Levels on Trading Charts
- How to Interpret a Upward Trend in Trading Charts
- How Can I Add US100 in MetaTrader 4 iPad Trade App?
- Index Pivot Points Support and Resistance Levels
