Drawing Bar Charts in MT5

The third option on the charts menu in MT5 platform is the 'Bar Chart' button key. This button key is used to choose the drawing technique of commodity trading price movement as commodity trading price bars.

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

These are drawn using color programming:

• Red bar - Commodity Trading Price went down
• Blue bar - Commodity Trading Price market went up

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

The highest point shows the high of the commodity trading price

Lowest point shows the low of the commodity trading price

These four points Open, High, Close, Low are Known as OHCL, abbreviation of the first letter for these 4 levels, these four OHCL levels will be represented on each & every single price bar.

These charts aren't very popular among Commodity traders as they are not very appealing in terms of commodity technical analysis & traders tend to favor other types.