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