Drawing Line Crude Oil Trading Charts in MT5

This is the fifth option on the charts menu within the MT5 platform. The line oil chart button shown below.

The line crude oil charts are not popular and are not used by many traders as these do not show a lot of information that is useful for crude oil trading analysis. This MT5 option will only draw a oil price line that connects the closing oil prices leaving out all other data.

When compared to oil candlesticks that will show the Opening, the Closing, the Low and the High of oil price, then the line oil chart leaves out a lot of information in its graphical representation of market movement.

Most of this information is useful and used by most traders when using crude oil trading analysis method therefore the oil candlesticks are preferred because they provide more information for crude oil trading analysis.

For this reason this charting technique is not popular among technical traders & therefore not widely used.