What are the 3 Types of Charts?
How to Trade Live Charts
There are 3 types of charts used in Indices: Line Charts, Bar Charts and Candles Charts.
Line Charts - plots continuous line joining closing indices prices of indices.
Index Trade Line Charts - What are the 3 Types of Charts?
Bar Charts- portrayed as sequence of OHCL bars. OHCL represents OPEN HIGH LOW and CLOSE. The Opening indices price is illustrated as a horizontal dash hyphen on the left & closing indices price as a horizontal dash hyphen on the right.
Index Bar Charts - What are the Three Types of Charts?
Candlestick Charts - these use the same indices price data as bar charts (open, high, low, and close). However, they're drawn & represented in a more visually identifiable and appealing manner that resembles a candle with wicks on both its ends.
How to Analyze
The rectangle section is known as body.
The high & low are described as shadows & drawn as poking and protruding lines.
Candles Charts - What are the 3 Types of Charts?
The color of candle is either blue or red
- (Blue or Green Color) - Prices headed up
- (Red Color) - Prices headed down
Most indices platforms such as and like the MetaTrader 4, use colors to mark direction. Colours used are blue or green: when stock indices price moves up, red: when stock indices price moves down.
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