Drawing Line Charts on MT4
This is the fifth option on the trading charts menu within 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 trading 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 information 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 trading analysis.
For this reason this charting technique isn't popular among technical traders & henceforth not widely used.
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