Categories
Chart types

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 basic type of stock chart […]

Categories
Chart types

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 of view. If you intend to view raw price action, then […]

Categories
Chart types

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. […]

Categories
Chart types

Candlestick Chart: All traders shoud know

Candlestick charts are very popular. It shows 4 prices for every fixed period: Open price Close price Highest price for the session Lowest price traded during the session Traders use the candlestick chart to determine where price is heading based on previous patterns. What is a candlestick chart? Simply put, a candlestick chart is a […]

Categories
Chart types

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 red color. And when the price rises, the […]

Categories
Chart types

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 detect a particular trend. Hollow white (or green) candles lacking lower shadows indicate a […]