Chart types

Line Chart: Why is it useful for traders?

Line Chart: Why is it useful for traders?

A line chart is the simplest and most basic type of stock chart used to analyze financial markets.The line chart only plots the closing price of the underlying security.It has a line connecting the dots created by the close price. A line chart is the simplest and most...

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Renko Chart: A way to capture big moves

Renko Chart: A way to capture big moves

Charts are important in forex trading. It is possible to effectively trade forex today without using a chart. One of the most popular forex charting styles is the Japanese chart, Renko. Renko charts are great in analyzing the market from a completely different point...

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Point and Figure (P&F) Chart: Complete Guide

Point and Figure (P&F) Chart: Complete Guide

If the price of an asset moves up by a certain amount, then it will form an X.If the price of an asset moves down by a certain amount, then it will form an O. Xs and Os stack on top of each other, and will often form a series of Xs or Os. The size of the box is...

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Candlestick Chart: All traders shoud know

Candlestick Chart: All traders shoud know

Candlestick charts are very popular.It shows 4 prices for every fixed period:Open priceClose priceHighest price for the sessionLowest price traded during the sessionTraders use the candlestick chart to determine where price is heading based on previous patterns. What...

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How to best use the Kagi Chart?

How to best use the Kagi Chart?

Kagi chart is a kind of chart that tracks the price movements of a security. While price and time appear on traditional charts, with Kagi charts, only the price is important.A Kagi chart plots price like a snake, continuously. When the price falls, the line appears...

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Heikin Ashi Chart: Learn how to highlight trends

Heikin Ashi Chart: Learn how to highlight trends

The Heikin-Ashi chart helps traders filter out market noise.Rather than using the open, high, low, and close like standard candlestick charts, this technique uses a modified formula based on two-period averages.Traders use the Heikin Ashi technique traders to easily...

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