MetaTrader 4 Bar Stock Index Charts
A Stock Indices Trading chart is a graphical representation of stock index price movement of a stock indices instrument over a given period of time.
Drawn on a grid and the user is at liberty to choose which stock indices chart time frame they want to trade with. The stock indices trader may choose to use hourly stock indices charts, daily stock indices charts or even 1 minute stock indices chart time frames.
To draw stock indices charts, three methods are used. The methods used to draw the stock index charts defines the type of stock indices chart.
The three types of stock indices charts are: - Candlesticks Stock Index Charts - Bar Stock Index Charts
- Line charts
- Bar charts
- Candlesticks stock indices charts- Most popular
MetaTrader 4 Line Stock Index Charts
A single line is drawn from one closing stock index price to the next, forming a continuous line.
This type of stock indices chart provides very little information on the chart and is therefore not very popular among stock index traders. In fact this type of stock indices chart is rarely used.
Line Stock Index Chart in Stock Index - This type of stock indices chart leaves out important information about stock index price movement. Information such as opening, high and low point of the stock index price which are not represented on the graph.
This makes this type of stock indices line stock indices chart to be considered sketchy by stock indices technical analysts.
The stock indices chart below shows an example of a stock indices line stock indices chart.
MetaTrader 4 Bar Stock Index Charts
Stock Indices Trading Bar Stock Index Charts - This type of stock indices chart shows the opening, closing, the high and the low, for a particular stock index price interval and is represented by bars that look like the ones drawn below - hence its name bar stock indices charts
- Bar Stock Index Charts - bar stock indices chart has a vertical bar showing the total stock index price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High and low denoted by the highest and lowest point
However, these stock indices bar stock indices charts are not very easy to work with, especially when they are not magnified. It becomes very hard to interpret the bar stock indices charts with ease when trading the stock index trading market thus making them not very popular among stock index traders.
A Bar chart that is not magnified makes it hard to view the opening and closing stock index price as illustrated by this example:
MetaTrader 4 Candlesticks Stock Index Charts
Indices Candlesticks Stock Index Charts - This is the most widely used type of stock indices charts, they resemble candles, thus their name - candlesticks stock indices charts.
Candlesticks charts shows the opening, closing, the high and the low of a particular stock index price interval.
The range between the open stock index price and the close stock index price is called the body of the candlestick.
Stock Indices Trading candlesticks stock indices charts is the most popular type of stock indices charts among online stock indices traders because it is the easiest to interpret when trading the stock index market. Stock Indices Trading candlestick stock indices charts also gives a lot of information about the stock index price movement. This makes candlesticks stock indices charts the most widely used type of charting in Stock Indices.
Indices Candlesticks Stock Indices Charts
Below is an example of candlesticks stock indices charts. To learn more about candlesticks stock indices charts, read this topic: Technical Analysis of Japanese Stock Indices Candlesticks Patterns in Stock Indices.
How To Select These Stock Index Chart Types on MetaTrader 4
To draw any of these types of stock indices charts on the MetaTrader 4 Stock Indices Platform a stock indices trader can use the buttons below found on this MT4 stock index platform.
Drawing Stock Index Charts on MetaTrader 4
- To Select a Bar Stock Index Chart Click the Bar Button
- To Select a Candlesticks Stock Index Chart Click the Candlestick Button
- To Select a Line Stock Index Charts - Click the Line Button