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