Stock Indices Trading Chart Types: Line, Candlestick and Bar - MetaTrader 4 Candlesticks Charts - MetaTrader 4 Bar Charts - MetaTrader 4 Line Charts
A Stock Indices chart is a graphical representation of stock indices price movement of a stock indices trading instrument over a given period of time.
Drawn on a grid and the user is at liberty to choose which stock indices trading chart time frame they want to trade with. The stock indices trader may choose to use hourly stock indices trading charts, daily stock indices trading charts or even 1 minute stock indices trading chart time frames.
To draw stock indices trading charts, three methods are used. The methods used to draw the stock indices trading charts defines the type of stock indices trading chart.
The three types of stock indices trading charts of are; - Candlesticks Charts - Bar Charts - Line Charts
- Line charts
- Bar charts
- Candlesticks stock indices trading charts- Most popular
Line Chart - MetaTrader 4 Line Charts
A single line is drawn from one closing stock indices price to the next, forming a continuous line.
This type of stock indices trading chart provides very little information on the chart and is therefore not very popular among stock indices traders. In fact this type of stock indices trading chart is rarely used.
Line Chart in Stock Indices Trading - This type of stock indices trading chart leaves out important information about stock indices trading price movement. Information such as opening, high and low point of the stock indices trading price which are not represented on the graph.
This makes this type of stock indices trading line chart to be considered sketchy by stock indices trading technical analysts.
The stock indices trading chart below shows an example of a stock indices trading line chart.
Bar Chart - MetaTrader 4 Bar Charts
Stock Indices Bar Charts - This type of stock indices trading chart shows the opening, closing, the high and the low, for a particular stock indices trading price interval and is represented by bars that look like the ones drawn below - hence its name bar charts
- Bar Charts - bar chart has a vertical bar showing the total stock indices trading price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High and low denoted by the highest and lowest point
However, these stock indices trading bar charts are not very easy to work with, especially when they are not magnified. It becomes very hard to interpret the bar charts with ease when trading the Stock Indices trading market thus making them not very popular among stock indices traders.
A Bar chart that is not magnified makes it hard to view the opening and closing stock indices trading price as illustrated by this example:
Candlestick Chart - MetaTrader 4 Candlesticks Charts
Stock Indices Candlesticks Charts - This is the most widely used type of stock indices trading charts, they resemble candles, thus their name - candlesticks charts.
Candlesticks charts shows the opening, closing, the high and the low of a particular stock indices trading price interval.
The range between the open stock indices price and the close stock indices price is called the body of the candlestick.
Stock Indices candlesticks charts is the most popular type of stock indices trading charts among online stock indices traders because it is the easiest to interpret when trading the stock indices trading market. Stock Indices candlestick charts also gives a lot of information about the stock indices trading price movement. This makes stock indices trading candlesticks charts the most widely used type of charting in Stock Indices.
Stock Indices Candlesticks Charts
Below is an example of candlesticks stock indices trading charts. To learn more about stock indices trading candlesticks charts, read this topic: Technical Analysis of Japanese Stock Indices Trading Candlesticks Patterns in Stock Indices Trading.
How To Select These Stock Indices Trading Chart Types on MetaTrader 4 Stock Indices Trading Platform
To draw any of these types of stock indices trading charts on the MetaTrader 4 Stock Indices Trading Platform a stock indices trader can use the buttons below found on this MT4 stock indices trading platform.
Drawing Stock Indices Trading Charts on MetaTrader 4 Stock Indices Trading Platform
- To Select a Bar Chart Click the Bar Button
- To Select a Candlesticks Chart Click the Candlestick Button
- To Select a Line Charts - Click the Line Button