Types of graphs
Visual memory, as a rule, most people are always better than linguistic. Visually easier to study or analyze than read a book or remember complicated formulas. For this reason the market all financial instruments displayed movements through curves.
With the graph, you can see how price moves over a certain period of time, and also allows us to understand how the actions of market participants.
In trading terminals presented three types of graphs that are most common.
Line graph can be in the form of segments or as they say, bars, and can also be in the form of suppositories.
All graphics can be submitted for different lengths of time. Can be submitted for such periods of time as a minute, five minutes, fifteen minutes, thirty minutes. They are denoted by M, with numbers that indicate the number of minutes. For example, M30, dates spaced thirty minutes. Further there are graphics for one hour (denoted H1) for four hours, one day (D), weekly (W), and one month (WN).
Analysts believe that the graph, the most important is the closing price in awhile. The line graph shows a simple line. It is used to determine in which direction the market is moving in a certain period of time. Typically, from tick, and up to fifteen minutes. Teak is a single price movement that comes from information systems.
Bars are used for this purpose to build various figures for technical analysis. They are called schedules segments. On this diagram the movement of prices shown using segments for the selected period of time. Consist bars with key points. Point High, It is the maximum point where the price could reach. Point Low. On the contrary, the minimum point. That is the lowest point to which the price can reach.Point Open. A dash, which is on the left side of the vertical column. Is also the opening price, C it begins to build a bar. Point Close.Such a dash, the right side only. Is the closing price. According to her, the bar completes its structure.
Chart as candlesticks constructed on the same principle as the bars. But these charts were invented in Japan, and are distinguished from bars, appearance. Feature of these graphs is that the body will be painted over, or will remain empty. This will depend on how the price will move.
Japanese candlesticks are on the schedule as well as the bars, but they were developed in Japan and is visually different from the graphs bars. Another distinctive feature is that on Japanese candles depending on how price moves candle body is blank or painted.
In your terminal, you can change the colors as you see fit.