Drawing Line Charts in MetaTrader 4 Platform

This is the fifth option on the charts menu within the MT4 platform. The line cfd chart button shown below.

The line cfd 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 option will only draw a price line that connects the closing cfd prices of a cfd 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 cfd chart leaves out a lot of information in its graphical representation of market movement.

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

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