Drawing Line Charts in MetaTrader 5

This is the fifth option on the charts menu within the MT5 platform. The line chart button shown below.

The line charts are not popular and are not used by many traders as these do not show a lot of information that is useful for cfd technical analysis. This MT5 option will only draw a cfd price line that connects the closing cfd prices of a cfd instrument leaving out all other data.

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

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

For this reason this charting method isn't popular among technical traders & therefore not widely used.