Drawing Line Charts in Meta Trader 5

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

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

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

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

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