Stock bar charts provide traders with more information. Linear charts are hardly considered informative therefore, traders rarely use them. For example, if a D1 timeframe is used, then the system automatically takes the price at the end of every day and adds it to the chart. This is the simplest format of a stock chart it is drawn by just the closing prices. In most cases, these are the opening and closing prices, as well as the highs and lows over a certain timeframe. They differ visually but are most often drawn by the same parameters. There are several types of charts: linear charts, bar charts, and Japanese candlesticks. The success of trading decisions depends on how skilled an investor is in analysing the stock market. The main instrument of a trader is a chart it is where price analysis begins. We will also evaluate the importance of factors for choosing promising securities, and demonstrate the main graphic patterns. In this article, we will tell you how to read stock charts, what parameters are included in the stock price, and how stock candlesticks and bars are drawn.
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May 2023
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