What are the 3 Types of Stock Charts?
Types of Stock charts
There are Three types of charts used in Stocks: Line Charts, Bar Charts and Candles Charts.
Line Charts - draws continuous line connecting closing stocks prices of a stocks.
Stocks Line Charts - What are the 3 Types of Stocks Charts?
Bar Charts- 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.
Stocks Bar Charts - What are the 3 Types of Stocks Charts?
Candlestick Charts - these use the same price data as bar charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle with wicks on both ends.
How to Analyze
The rectangle part is known as body.
The high & low are described as shadows and plotted as poking lines.
Stocks Candlesticks Charts - What are the 3 Types of Stocks Charts?
The color of the candlestick is either blue or red
- (Blue or Green Color) - Stocks Prices moved up
- (Red Color) - Stocks Prices moved down
Most stocks trading softwares like the MT4, use colors to mark the direction. Colors used are blue or green: when the price moves upward, red: when the price moves downward.
