Weekly charts, daily charts...

BigChazza

Newbie
8 0
I hear a lot of talk of weekly/daily/hourly charts etc. Question: is it talking about the bar/candle interval? Or the scope of the chart? E.g. is a daily chart:
  1. one that just shows you one trading day (and the interval might be anything - e.g. hour, 5min, min etc)?
  2. one that is an the interval of "1 day" (and shows an unspecified scope)?
 

1nvest

Well-known member
309 109
I hear a lot of talk of weekly/daily/hourly charts etc. Question: is it talking about the bar/candle interval? Or the scope of the chart? E.g. is a daily chart:
  1. one that just shows you one trading day (and the interval might be anything - e.g. hour, 5min, min etc)?
  2. one that is an the interval of "1 day" (and shows an unspecified scope)?
bar interval
The open for that day, week, etc
the close for that day, week, etc
 
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MasterOfCoin

Experienced member
1,228 478
I hear a lot of talk of weekly/daily/hourly charts etc. Question: is it talking about the bar/candle interval? Or the scope of the chart? E.g. is a daily chart:
  1. one that just shows you one trading day (and the interval might be anything - e.g. hour, 5min, min etc)?
  2. one that is an the interval of "1 day" (and shows an unspecified scope)?
Well, you need both.

It's no good looking at 5 minute chart action without being aware of the longer term trends at greater intervals.

Failing to do so is a good way to lose all your money very quickly indeed.

:)
 
 
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