Trade Bitcoin Trading

Drawing Line Charts in the MetaTrader 4 Platform

This corresponds to the fifth selectable element within the chart menu available in the MT4 software suite - specifically, the line chart depiction shown hereafter.

Line Bitcoin Chart on Charts Menu in MetaTrader 4 Platform - Line BTCUSD Chart on Charts Menu in the MetaTrader 4 Software - Line BTCUSD Chart on BTCUSD Charts Menu MT4

Line charts for crypto are not liked and used by many investors because they don't show much information that helps with looking at the market. This choice only makes a bitcoin price line that links the closing bitcoin prices, not showing any other details.

When compared to candlesticks that will show the Opening, the Closing, the Low and the High of btcusd price, then the line chart omits a lot of info in its graphical representation of the market movement.

Most of this information is useful and used by most traders when using analysis method therefore the candlesticks are preferred because they provide more data for trading analysis.

For this explanation, this charting technique is not favored among traders and thus is not widely employed.

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