Types of Charts

Sunday, November 29, 2009


OHLC - Open High Low Close charts. Plots the high and low of the price movement vertically and the open and close horizontally.


Candlestick chart - Similar to OHLC, but open and close are filled. Often Black or Red candles represent a close lower than the open. While White, Green or Blue candles represent a close higher than the open.




Line chart - Connects each closing interval together on a line.




Personally, I prefer using the Candlestick chart as it gives an overall preview very clearly. Future charts shown here will mostly be candlestick charts.

1 comments:

Anonymous said...

Hi, can you share which is your perosnal favourite chart type?