Different Types of Commodities Trading Charts
Types of Commodities Charts
There are 3 types of commodity charts: Line commodity chart, bar chart & candle chart.
Commodities Trading Candle Sticks Charts - Types of Candlesticks Charts in Commodity Trading - the commodity candlesticks trading charts use the same commodity trading price data as commodity bar charts (open, high, low, and close). However, they represent the charts in a much more easily identifiable way which resembles a candle with wicks on both ends.
How to Trade Candlesticks Charts
The rectangle part of the candle is known as the body.
The high & low are described as shadows and are drawn as poking lines.
Types of Commodities Charts & How to Read Them - Types of Commodity Trading Candle Stick Chart - Types of Candles in Commodity Trading
The color of the commodity candlestick is either blue or red
- (Blue or Green Color candle) - Commodity Trading price moved up
- (Red Color candlestick) - Commodity Trading price moved down
Most commodity trading softwares like the MT4 commodities trading software, use colors to mark the direction of the commodity price. Colors used are blue or green: - green commodity candle-stick when price moves up, red commodity candle stick when price moves down.
Line Charts in Commodity Trading
A line chart in Commodity Trading draws the closing commodity trading price of a commodity pair and connects this closing commodity trading price to the closing commodity trading price of the next trading period hence forming a continuous commodity line chart which draws the movement of commodity trading price movement.
Line Chart - plots a continuous line connecting closing commodity prices of a on the commodity trading price chart.
Types of Commodities Charts & How to Read Them - Types of Commodities Trading Line Chart - Types of Line Chart in Commodity Trading
Bar Chart in Commodity Trading
Bar Charts are charts representation of the commodity trading price displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. Opening commodity trading price is displayed as a horizontal dash on the left & closing commodity trading price as a horizontal dash on the right.
Types of Commodities Trading Charts PDF - What are Different Types of Commodities Charts - How to Trade Commodity Trading Charts
