Types of Chart

Thursday, September 4, 2008 ·

Introduction ?A chart is a graphical representation of price movement over a specific period of time and is composed of an x-axis (time) and a y-axis (price).
Line Chart A line chart shows a line connecting the "closing prices". The closing is the last price recorded at the end of a specific period of time (session).
Bar Chart Bar chart: Basically all characteristics mentioned for the line chart also hold true for the bar chart. However, the construction is a different one. The bar chart is composed of a high (highest price during a session), a low (lowest price during a session) and the close.
Candlestick Chart? The building blocks for the candlestick chart are the high, the low, the opening and the closing. The difference to the bar chart is that the open and the close form the cornerstones for the, so called, real body.

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