Drawing Bar Charts in MetaTrader 5

The third option on the charts menu in MetaTrader 5 platform is the "Bar Chart" button. This button is used to select the drawing technique of cfd instrument movement as cfd price bars.

To trade cfd trading a trader may prefer to use the Bar Charts. The above menu button shows how a trader can select This MT5 option on the MetaTrader 5 Platform.

These are drawn using color coding:

• Red bar - CFD Price went down
• Blue bar - CFD Price market went up

These bars also have horizontal line to the left & to the right: these are used to show the opening (left horizontal dash) and closing (right horizontal dash).

highest point shows the high of the cfd price

The Lowest point shows the low of the cfd price

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

These charts are not very popular among CFD traders as they are not very appealing in terms of cfd technical analysis and traders tend to favor other types.