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Quite unusual charts are used to show price movement.
1. Bar Charts
This is the most common type of charts. It consists of vertical bars which show the range of the price change within some definite period of time.
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For example, on the 1 hour price chart each bar corresponds to the price change range within 1 hour.
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In this Picture 1 hour price movement is given.
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Then this movement will be shown in the shape of such a bar
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- Open — opening price, in this case 1 hour opening price. That is the first price of an hour.
- Close — closing price, in this case 1 hour closing price. That is the last price of an hour.
- High— the highest price within this period of time.
- Low — the lowest price within this period of time.
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Chart for several hours looks like this
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2. Candlesticks or Candles.
This is also a very popular type of charts. It is built just like a bar chart. The distance between the opening and closing prices is given in the shape of the triangle.
If Close is higher than Open the body of the candle is colored in light (in white color).
If Close is lower than Open the body of the candle is dark.
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3. Line chart
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The line is drawn through the closing prices
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Go to «Dow theory»
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+7 (495) 710-76-76
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© 1998—2008 «Alpari» |
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