Various Types of Charts
Types of Charts
There are Three types of charts: Line chart, bar chart & candlestick chart.
Candlesticks Charts - Types of Candlesticks Charts in Gold Trading - the candlesticks charts use the same price data as bar charts (open, high, low, & close). However, they represent the charts in a more easily identifiable way which resembles a candlestick with wicks on both ends.
How Do I Trade Candles Charts
The rectangle part of the candlestick is called the body.
The high and low are described as shadows and are drawn as poking lines.
Various Types of Charts - Types of Charts and How to Read Them - Types of Candle Chart
The color of the trading candlestick is either blue or red
- (Blue or Green Color candle-stick) - price moved upward
- (Red Color candle-stick) - price moved downward
Most trading softwares like the MetaTrader 4 software, use colors to mark the direction of the price. Colors used are blue or green: - green candle stick when price moves upward, red candle when the price moves downwards.
Line Charts in Gold Trading
A line chart in Gold draws the closing price of gold and connects this closing price to the closing price of the next period therefore forming a continuous line chart which plots the movement of price movement.
Line Chart - draws a continuous line connecting closing prices of a on the price chart.
Various Types of Charts - Types of Charts and How to Read Them - Types of Line Chart - Types of Line Chart in Gold Trading
Bar Chart in Gold Trading
Bar Charts are charts representation of the price displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. The Opening price is displayed as a horizontal dash to the left & the closing price is displayed as a horizontal dash to the right.
Various Types of Charts - Types of Charts PDF - Different Types of Charts - How Do I Trade Charts
