Drawing Bar Charts in MetaTrader 5

The third option on the charts menu in MetaTrader 5 platform is the "Bar Chart" button key. This button is used to select the drawing technique of stocks instrument movement as price bars.

To trade stocks a trader may prefer to use the Bar Charts. The above menu button shows how a trader can select This MT5 option on the MetaTrader 5 Software.

These are drawn using color coding:

• Red bar - Price went down
• Blue bar - Price market went up

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

highest point portrays the high of the price

The Lowest point shows the low of the price

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

The charts aren't very popular among traders as they are not very appealing in terms of technical analysis & traders tend to favor other types.