Chart types

What is Raindrop Candle? Raindrop candle charts are a recent form of a financial chart. They enable you to see how the market is doing from a unique angle. Raindrops form by using similar market data as Japanese candlesticks but add volume into the final image,...

Logarithmic and linear scales are two important chart formats among various different charts formats. The interpretation of charts significantly varies among traders because of the use of the type of price scale when reading the charts. Both types of scales are...

There are two types of candlesticks, hollow candlesticks and filled candlestick.Candlesticks also tell us about the strength of a trend in the market.The hollow candlesticks tell us that the trend is strengthening as prices move higher after the open. Different types...

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...

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...

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...

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...

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...

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...