Stocks Interpret Different Types of Stock Charts
How Do You Analyze Different Types of Stock Charts?
There are 3 types of stocks charts: Line stock chart, bar chart and candle chart.
Candle Sticks Charts - the stocks candles charts use the same price data as stocks trading bar charts (open, high, low, and close). However, stocks candlesticks charts represent the charts in a much more easily identifiable way which resembles a candle with wicks on both ends.
Trading Stocks Read Candlesticks Charts
Rectangle part of the candlestick is known as the body.
The high & low are described as shadows and are plotted as poking lines.
Stocks Interpret Different Types of Stock Charts - How Do You Read Different Types of Stocks Charts?
The color of the stocks candlestick is either blue or red
- (Blue or Green Color candle) - Stocks price moved up
- (Red Color candlestick) - Stocks price moved down
Most stocks trading platforms like the MT4 stock platform, use colors to mark the direction of the stocks price. Colors used are blue or green: - green stocks candle when price moves upward, red stocks candle stick when price moves downwards.
What is Line Charts?
A line chart in Stocks Trading draws the closing stocks price of a stocks trading instrument and connects this closing stocks price to the closing stocks price of the next trading period hence forming a continuous stocks line chart which plots the movement of stocks price movement.
Line Chart - draws a continuous line connecting closing stocks prices of a on the stocks price chart.
Stocks Interpret Different Types of Stock Charts - How Do You Read Different Types of Stocks Charts?
What is Bar Charts?
Bar Charts are charts representation of the stocks price displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening stocks price is displayed as a horizontal dash on the left and closing stocks price as a horizontal dash on the right.
How Do You Analyze Different Types of Stock Charts? - How to Trade Different Types of Stocks Charts?
Stocks Interpret Different Types of Stocks Charts
