Drawing Bar Crypto Currency Charts on the MT4

The third option listed under the charts menu in the MetaTrader 4 platform is the "Bar Bitcoin Chart" button. This function allows the user to select the visualization method, displaying Bitcoin price movement using price bars.

To trade on btcusd charts a trader may prefer to use the Bar BTC USD Crypto Charts. The above menu button shows how a trader can select this option in the MetaTrader 4.

These are drawn using color coding:

Red bar - Bitcoin Price went down
Blue bar - Bitcoin Price went up

These graphical bars also feature a horizontal marker on the left boundary and another on the right: these serve to indicate the starting price (left tick mark) and the ending price (right tick mark) respectively.

The highest point shows the high of the bitcoin price

Lowest point highlights the low of the bitcoin price

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

These charts are not particularly favored by Bitcoin traders due to their lack of appeal in trading analysis, leading traders to prefer alternative types.

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Drawing Bar Crypto Currency Charts on the MT4