Chart

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 +==Description==
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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 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.
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 +==Types of Charts==
===Line=== ===Line===

Revision as of 14:58, 28 June 2005

Contents

Description

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.

Types of Charts

Line

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

Image:60min_line_chart.JPG

Bar

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

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.

Image:1min_candle_chart.JPG

Point and figure

Point and figure charts use a different method

Image:5min_P&F_chart.JPG


Related T2W Resources

Books
Charting software