Drawing Bar Stock Indices Charts in MT5

The third option on the charts menu in MT5 platform is the 'Bar Chart' button. This button is used to choose the drawing method of stock indices price movement as stock indices price bars.

To trade indices a trader may prefer to use the Bar Charts. The above menu button shows how a trader can select This MT5 option on the MT5 Platform.

These are drawn using color programming:

• Red bar - Indices Price went down
• Blue bar - Indices Price market went up

These bars also have horizontal line to the left & to the right: these are used to show the opening (left horizontal dash) and the closing (right horizontal dash).

highest point shows the high of the indices price

The Lowest point shows the low of the indices price

These four points Open, High, Close, Low are Known as OHCL, abbreviation of the first letter for these 4 levels, these four OHCL levels will be represented on each and every single price bar.

These charts are not very popular among Indices traders as they are not very appealing in terms of stock indices technical analysis and traders tend to favor other types.