Drawing Bar Crude Oil Trading Charts in MT5

The third option on the charts menu in MT5 platform is the "Bar Oil Trading Chart" button key. This button is used to select the drawing technique of crude oil price movement as crude oil price bars.

To trade oil a trader may prefer to use the Bar Oil Trading 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 - Oil Trading Price went down
• Blue bar - Oil Trading Price market went up

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

highest point shows the high of the oil price

The Lowest point shows the low of the oil price

These 4 points Open, High, Close, Low are Known as O.H.C.L, the abbreviation of the first letter for these Four levels, these Four OHCL zones will be represented on each & every single bar.

These charts are not very popular among Oil traders as they are not very appealing in terms of crude oil analysis and traders tend to favor other types.