Drawing Line Charts in MT4 Software Platform
This is the fifth option on the trading charts menu within MetaTrader 4 software. The line chart button illustrated below.
The line charts are not popular & are not used by many traders as these don't show a lot of information that's useful for analysis. This option will only draw a price line which connects the closing prices of a xauusd instrument leaving all the other data.
When compared to candles that will show the Opening, the Closing, the Low and the High of price, the line chart omits a lot of information in its graphical representation of the market movement.
Most of this data is useful and used by most traders when using technical analysis technique therefore the candlesticks are preferred because they provide more data for trading analysis.
For this explanation this charting technique isn't popular among technical traders & henceforth not widely used.
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