Types of charts
Chartists use several different chart types. Three of the more popular are the OHLC chart,
candlestick chart and basic line chart.
OHLC Chart
OHLC stands for the open, high, low and close prices
– which are represented on each bar of the chart (see
inset, right). Quite simply, each bar shows the open
and close prices and the share price range in any
given period.
If the share price closes on or near the low, it is
considered that sellers are in control, and if it closes
near the high, it is considered that buyers are in
control.
Candlestick Chart
Candlestick charts are thought to have been first used by Japanese rice traders around the
16th century to identify price trends. Today, proponents of this chart type think it can more
accurately pinpoint whether buyers or sellers are in control of a stock. In the candlestick
chart below, a green candle represents that buyers are in control, that is that the share price
closed near its high, while a red candle indicates that sellers are in control, or that the share
price closed near its low. Like OHLC charts, candles also depict open, high, low and close
prices but some traders prefer them because they usually come with enhanced graphics.
10 Essential Charting Patterns | Intermediate Level - Vishalkranti
10 Essential Charting Patterns You can find live charts, patterns, and links in an ebook or PDF. Most of these links will take you to tradingview.com. Live charts: These are graphs that show the current prices of stocks, currencies, or other assets. They update in real-time, so you can see the latest information. Patterns: These are shapes or formations that appear on charts. They can help predict future price movements based on past behavior. For example, a "head and shoulders" pattern might indicate a trend reversal. Links: These are clickable connections to other web pages. In this case, they lead to tradingview.com, a website where you can access charts and trading tools. Ebook or PDF: This is a digital book or document that you can read on your computer or device. It contains information about trading, including links to live charts and patterns. TradingView.com: This is a website where traders can view charts, analyze markets, and share trading ideas. It's a popular platform for traders of all levels.
Product SKU: CHART-PA-01
Product Brand: Vishalkranti
Product Currency: INR
Product Price: 99
Price Valid Until: 2024-06-01
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