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.


Anonymous said...

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