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Types of charts

Fri, Aug 13, 2010

School

Types of charts

The most popular charts are:

1 – Line Chart
2 – Bar Chart
3 – Candlesticks Chart

1 – A Line chart is a simple chart where you get a closing price perspective. This type of chart is simply a line that connects the closing price over a period of time:

2 – The Bar Chart shows us not only the closing price but also the open, the high and the low prices.

The open is represented by the small horizontal line on the left. The close is represented by the small horizontal line on the right. The high is the top on the vertical line, and the low is the bottom of the horizontal line.

3 – Candlesticks charts

Similar to the bar charts, the candlesticks charts show us the open, high, low and close prices. The difference is that the candlesticks have a body which forms a candle between the open and the close of the day:

When the close is higher than the open, the body is white (or green in some charting packages). When the closing price is lower than the opening price, the body is black (or red in some charting packages).

2 Responses to “Types of charts”

  1. Hagey Says:

    Very Interesting Information! Thank You For This Post!

    Reply

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