Drawing Bar Crypto Currency Charts on the MT4

The third option on the charts menu in MetaTrader 4 platform is the "Bar Bitcoin Chart" button. This button key is used to choose the drawing technique of bitcoin price movement as bitcoin 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 bars also have horizontal line to the left and to the right: these are used to show and display opening (left horizontal dash) and the closing (right horizontal dash).

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 aren't very popular among Bitcoin traders as they are not very appealing in terms of trading analysis and traders tend to favor other types.

Learn More Guides & Tutorials:

Trade Bitcoin Trading

Drawing Bar Crypto Currency Charts on the MT4