MT4 Candlesticks XAGUSD Charts
A Silver chart is a graphical representation of xagusd price movement of a silver instrument over a given period of time.
Drawn on a grid & user is at liberty to choose which silver chart time frame they want to trade with. The silver trader might choose to use hourly silver charts, daily silver charts or even 1 min silver chart time frames.
To draw silver charts, three methods are used. Techniques used to draw the silver charts defines the type of xagusd trading chart.
The three types of silver charts are: - Candlesticks XAGUSD Charts - Bar XAGUSD Charts - Line Silver Trading Charts
- Line charts
- Bar charts
- Candles silver charts - Most popular
MT4 Line XAGUSD Trading Charts
A single line is drawn from one closing xagusd price to the next, forming a continuous line.
This type of silver chart provides very little information on the chart & is therefore not very popular among xagusd traders. In fact this type of silver chart is rarely used.
Line Silver Trading Chart in Silver Trading - This type of silver chart leaves out important data about xagusd price movement. Information such as opening, high & low point of the xagusd price which aren't represented on the graph.
This makes this type of silver line silver chart to be considered sketchy by xagusd trading technical analysts.
The silver chart below shows example of a silver line xagusd trading chart.
MT4 Bar XAGUSD Trading Charts
Bar XAGUSD Charts - This type of silver chart shows the opening, closing, the high and the low, for a particular xagusd price interval and is represented by bars that look like the ones drawn below - hence its name bar silver charts
- Bar XAGUSD Charts - bar silver chart has a vertical bar showing the total xagusd price movement.
- Left horizontal bar the opening
- Right horizontal bar the closing
- High & low denoted by the highest and lowest point
However, these silver trading bar xagusd trading charts aren't very easy to work with, especially when they are not magnified. It becomes very hard to analyze the bar silver charts with ease when trading the xagusd trading market thus making them not very popular among xagusd traders.
A Bar chart that is not magnified makes it hard to view the opening & closing xagusd price as illustrated by this example:
Candle XAGUSD Chart
Silver Candles Trading Charts - This is the most widely used type of silver charts, they resemble candles, thus their name - candlesticks xagusd charts.
Candle charts shows opening, closing, the high & low of a particular xagusd price interval.
The range between the open xagusd price & the close xagusd price is called the body of the candlestick.
Silver candlesticks silver charts is the most popular type of silver charts among online silver traders because it is the easiest to interpret when trading the xagusd trading market. Silver candlestick silver charts also gives a lot of data about the xagusd price movement. This makes candlesticks silver charts the most widely used type of charting in Silver.
Silver Candles Trading Charts
Below is example of candlesticks silver charts. To know more about candlesticks silver charts, read this topic: Technical Analysis of Japanese Silver Candlesticks Patterns in Silver Trading.
How to Select These Silver Trade Chart Types in MetaTrader 4 Software
To draw any of these types of xagusd charts on the MT4 Platform a trader can use the buttons below found on this MT4 xagusd trading platform.
Drawing Silver Charts on MetaTrader 4
- To Select a Bar Silver Chart Click the Bar Button
- To Choose a Candlesticks Silver Chart Click the Candlestick Button Key
- To Select a Line XAGUSD Charts - Click the Line Button
