How to Read MT4 Stock Indices Chart Analysis

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

How to Read MetaTrader 4 Chart Analysis

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

Indices Trading Line MT4 Chart - How to Read MT4 Charts Beginners PDF - How to Read MT4 Chart Analysis

MetaTrader 4 Chart Bar Charts -indices bar stock charts are displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. The Opening stock trading price is displayed as a horizontal dash on left & closing stock price as a horizontal dash on the right.

Indices Trading Bar MT4 Chart Charts- How to Read MT4 Charts Beginners Guide

Main disadvantage of a bar stock chart MT4 Chart is that it's not visually appealing, therefore most traders do not use them.

Candles Chart MT4 Chart - these candlesticks stock chart MT4 Chart use the same stock trading price data as bar charts (open, high, low, and close). However, they are drawn & represented in a more visually identifiable way which looks like a candlestick with wicks on both its ends.

How to Interpret Candlesticks MT4 Charts

The rectangle section is known as body.

The high & low are described as shadows & plotted as poking lines.

How to Read MetaTrader 4 Charts Beginners Guide

The color of the candle-stick is either blue or red:

• (Blue or Green Color Candle-sticks) - Prices moved up
• (Red Color Candle-sticks) - Prices moved down

Most indices platforms like the MT4 Trading Software, use colors to mark the direction of the price. MT4 Chart Candles colors used are blue or green: when stock price moves upward, color of Meta Trader 4 Chart candle is blue: when stock price moves down, color of Meta Trader 4 Chart candle is red.

Candles Charts Vs. Bar Charts - How to Read MT4 Charts Beginners PDF

When Indices MetaTrader 4 candles stock charts are used it's very easy to see if the stock trading price moved up or down as opposed to when MetaTrader 4 bar stock charts are used.

The Japanese candles charts techniques also have very many patterns & formations which are used to trade the Markets. These Chart Analysis have different technical analysis interpretation & the most common are:

MetaTrader 4 Charts Trading for Beginner Traders Guide

The above MT4 Chart Analysis is what makes the Japanese MT4 charts candles Chart Analysis popular among traders & it's why this type of technical Meta Trader 4 Chart analysis are the most widely used when it comes to interpreting the Indices Trading market.