Notices

Chart

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-== Description ==+{{Glossary|A graphical depiction of some value over time, in the case of the financial [[market]]s, often price, [[volume]], and/or [[technical indicator]]s.}}
-On a typical chart, the price of an instrument is notated (on the y-axis) against time (on the x-axis) in graphic form. The price can be notated in several ways across infinitely variable time frames. The most common types of charts are line, bar, candlestick and point & figure. The most common time frames are a number of minutes, hours, days, weeks and months. Price data can also be plotted in tick form, meaning that each data point represents a number of traded prices rather then a specific length of time.+On a typical chart, the price of an [[:Category:Instruments|instrument]] is notated (on the y-axis) against time (on the x-axis) in graphic form. The price can be notated in several ways across infinitely variable time frames. The most common types of charts are line, bar, [[Japanese Candlestick charting|candlestick]] and [[point & figure]]. The most common time frames are a number of minutes, hours, days, weeks and months. Price data can also be plotted in tick form, meaning that each data point represents a number of traded prices rather then a specific length of time.
-For a given time frame:+==Types of Charts==
 + 
 +===Line===
Line charts plot the closing price. (e.g hourly close) Line charts plot the closing price. (e.g hourly close)
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[[Image:60min_line_chart.JPG]] [[Image:60min_line_chart.JPG]]
-Bar charts plot the open, high, low and close price in the form of a vertical bar. (e.g one minute OHLC)+===Bar===
 + 
 +[[Bar chart]]s plot the open, high, low and close price in the form of a vertical bar. (e.g one minute [[OHLC]] or [[OHLCV]])
[[Image:1min_bar_chart.JPG]] [[Image:1min_bar_chart.JPG]]
 +
 +===Candlestick===
Candlestick charts plot the open, high, low and close price in the form of a "candle", where the candle "body" represents the distance between the open and close and the "wicks" the distance between whichever is higher of the open/close and the high and whichever is lower of the open/close and the low. Candlestick charts plot the open, high, low and close price in the form of a "candle", where the candle "body" represents the distance between the open and close and the "wicks" the distance between whichever is higher of the open/close and the high and whichever is lower of the open/close and the low.
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[[Image:1min_candle_chart.JPG]] [[Image:1min_candle_chart.JPG]]
-Point and figure charts use a different method +===Point and figure===
 + 
 +[[Point and figure chart]]s use a different method
 + 
[[Image:5min_P&F_chart.JPG]] [[Image:5min_P&F_chart.JPG]]
 +===See also===
 +[[Tick chart]]
-Related Trade2Win Resources 
-{| style="width:30%; background:yellow; color:white" 
-|- 
-|[http://www.trade2win.com/resources/booksoverview.php Books]  
-|[http://www.trade2win.com/reviews/?catid=1 Charting software]  
-|}<br> 
-Back to [[Technical Analysis]]+[[Category:Charting]]

Current revision

Definition:
A graphical depiction of some value over time, in the case of the financial markets, often price, volume, and/or technical indicators.


On a typical chart, the price of an instrument is notated (on the y-axis) against time (on the x-axis) in graphic form. The price can be notated in several ways across infinitely variable time frames. The most common types of charts are line, bar, candlestick and point & figure. The most common time frames are a number of minutes, hours, days, weeks and months. Price data can also be plotted in tick form, meaning that each data point represents a number of traded prices rather then a specific length of time.

Contents

[edit] Types of Charts

[edit] Line

Line charts plot the closing price. (e.g hourly close)

Image:60min_line_chart.JPG

[edit] Bar

Bar charts plot the open, high, low and close price in the form of a vertical bar. (e.g one minute OHLC or OHLCV)

Image:1min_bar_chart.JPG

[edit] Candlestick

Candlestick charts plot the open, high, low and close price in the form of a "candle", where the candle "body" represents the distance between the open and close and the "wicks" the distance between whichever is higher of the open/close and the high and whichever is lower of the open/close and the low.

Image:1min_candle_chart.JPG

[edit] Point and figure

Point and figure charts use a different method


Image:5min_P&F_chart.JPG

[edit] See also

Tick chart