What are the 3 Types of XAGUSD Charts?
How to Trade Live XAGUSD Charts
There are 3 types of charts used in Silver: Line Silver Trading Charts, Bar Silver Charts and Candles Silver Trading Charts.
Line Charts - plots a continuous line connecting closing xagusd prices of silver.
Silver Trading Line Charts - What are the 3 Types of Silver Trading Charts?
Bar Silver Trading Charts- displayed as sequence of OHCL bars. O H C L represents OPEN HIGH LOW & CLOSE. The Opening xagusd price is displayed as a horizontal dash on the left and closing xagusd price as a horizontal dash on right.
Silver Trading Bar Silver Charts - What are the 3 Types of Silver Trading Charts?
Candlestick Silver Trading Charts - these use the same xagusd price data as bar silver charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle stick with wicks on both ends.
How to Analyze
Rectangle section is called the body.
The high & low are described as shadows and plotted as poking lines.
Candles Silver Trading Charts - What are the 3 Types of Silver Charts?
The color of the candle is either blue or red
- (Blue or Green Color) - Silver Prices moved up
- (Red Color) - Silver Prices moved down
Most silver trading platforms like the MT4, use colors to mark the direction. Colors used are blue or green: when xagusd price moves up, red: when xagusd price moves down.
