Drawing Line Charts on MT4

This is the fifth option on the charts menu within the MT4 platform. The line chart button shown 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 technical 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 candlesticks that will show the Opening, the Closing, the Low and the High of price, then the line chart leaves out a lot of info in its graphical representation of 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 technical analysis.

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