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| - | {{Glossary|A graphical depiction of some value over time, in the case of the financial [[markets]], often price, [[volume]], and/or [[technical indicator]]s.}} | + | {{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.}} |
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| | 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. | | 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. |
Current revision
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.
[edit] Types of Charts
Line charts plot the closing price. (e.g hourly close)
Bar charts plot the open, high, low and close price in the form of a vertical bar. (e.g one minute OHLC or OHLCV)
[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.
[edit] Point and figure
Point and figure charts use a different method
[edit] See also
Tick chart
