How to Read MT4 Indices Charts Explained Beginners Tutorial

There are 3 types of charts used in Indices: Line, bar and candlesticks - how to read indices charts beginners Tutorial.

How to Read MT4 Indices Chart Patterns

Line Charts - indices line indices charts plots a continuous line connecting closing indices prices of indices.

Indices Trading Line MT4 Indices Chart- How to Read MT4 Indices Charts Explained Beginners Tutorial

MT4 Indices Chart Bar Charts -indices trading bar stock indices charts are displayed as sequence of OHCL bars. OHCL represents OPEN HIGH LOW & CLOSE. The Opening stock indices price is displayed as a horizontal dash on the left and closing stock indices price as a horizontal dash on the right.

Indices Trading Bar MT4 Indices Chart Charts- How to Read MT4 Indices Charts Explained Beginners Tutorial

The main disadvantage of a bar stock indices chart MT4 Indices Chart is that it is not visually appealing, therefore most indices traders don't use them.

Candlesticks Indices Chart MT4 Indices Chart - these candlesticks stock indices chart MT4 Indices Chart use the same stock indices price data as bar indices charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle with wicks on both ends.

How to Interpret Candlesticks MT4 Indices Charts Explained

The rectangle part is called the body.

The high and low are described as shadows and drawn as poking lines.

How to Read MT4 Indices Charts Explained Beginners Tutorial

The color of the indices candlestick is either blue or red:

• (Blue or Green Color Candlesticks) - Indices Prices moved up
• (Red Color Candlesticks) - Indices Prices moved down

Most indices trading platforms like the MT4 Indices Trading Platform, use colors to mark the direction of the indices price. MT4 Indices Chart Candlesticks colors used are blue or green; when stock indices price moves up, color of MT4 Indices Chart candlestick is blue; when stock indices price moves down, color of MT4 Indices Chart candlestick is red.

Candlesticks Indices Charts Vs. Bar Indices Charts

When Indices Trading MT4 candlesticks stock indices charts are used it is very easy to see if the stock indices price moved up or down as opposed to when MT4 bar stock indices charts are used.

The Japanese candlesticks indices charts trading techniques also have very many patterns and formations that are used to trade the Indices Trading Markets. These stock indices chart patterns have different stock indices technical analysis interpretation and the most common are:

How to Read MT4 Indices Charts Explained Beginners Tutorial

The above MT4 Indices Chart patterns is what makes the Japanese MT4 Indices Charts Explained candlesticks stock indices chart patterns popular among indices traders and it is why this type of technical MT4 Indices Chart analysis are the most widely used when it comes to analyzing the Indices Trading market.